Gulf Finance House (GFH) said it had signed an agreement for a US$105 million credit facility from Kuwait Finance House - Bahrain (KFH-Bahrain).
The five year facility, which will be extended to GFH on an amortized basis and with an 18 month moratorium, will be utilized by the Bank to redeem two existing debt facilities with 27 syndicate participants and allows the release of major assets for GFH.