GFH names financial advisors for rights issue.Gulf Finance House (GFH GFH Ghetto Fighters' House (Holocaust museum and archives in Israel) GFH Granular Ferric Hydroxide (trademark of Siemens AG) GFH George Frederic Handel (composer; 1685-1759) ) has appointed Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. Merrill Lynch (BAML BAML Baring Asset Management Limited ) as financial advisor and corporate broker for its $300 million rights issue. GFH has also appointed KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen Corporate Finance to act as issue managers for the issue, across the regional markets. The rights issue, which has already received the Central Bank of Bahrain's 'in principal' approval, remains subject to shareholder approval. 'There have clearly been unprecedented challenges across the global marketplace over the past nine months but we're optimistic that during the second half of 2009 the bank's operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. will be close to break even point or better,' stated GFH chairman Dr Esam Janahi. 'We must ensure that GFH is in the best position possible as the investment community emerges from the global economic downturn. Our new chief Ahmed Fahour, is devoted to continued diversification and gaining new international investor audiences,' he added. Saudi Economic Survey. All rights reserved. Provided by Syndigate.info an Albawaba.com company |
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