Flip through the latest issue of Gulf Weekly.
Gulf Finance House, the Bahrain based Islamic investment bank, announced that shareholders have voted to support plans to improve the bank's capital structure, strengthen its balance sheet and raise funds to pursue its growth strategy.
This follows the recent ordinary and extraordinary meetings of the bank at which resolutions were approved by GFH shareholders with some shareholders objecting to the process and their concerns were noted by the board.
Thanking shareholders for their support GFH executive chairman Esam Janahi said: "We understand very clearly the challenges that we face and I know that our shareholders appreciate those challenges too. The board and I firmly believe that the measures we will now implement will help us not only overcome these challenges but emerge as a stronger, better funded and more robust institution."
