Bahrain’s GFH Financial Group (GFH) lists a five-year USD 300 million Sukuk, on Nasdaq Dubai

GFH forayed into international debt markets with its USD 300 million Sukuk issuance on the Nasdaq Dubai on February 25th, 2020. The issue was oversubscribed by two-and-a-half times.

The investors split was 53% regional and 47% international. In addition, 61% of the investor base were fund managers, with the remainder being financial institutions.

GFH further plans to finance its next phase of growth through capital raised from the Sukuk issuance.

Jassim Alseddiqi, the Chairman of GFH, stated that the oversubscription was an indication of investors' confidence in the company, and that listing on a well-regulated trading platform such as the Nasdaq Dub...