GFH assures positive financial position

Abu Dhabi: Gulf Finance House (GFH) issued a statement on Monday to assure to its shareholders and the market that the bank’s financial position is in good shape, with no significant risk to its operations, and that projects are progressing well.

GFH stated that the sudden steep decline in share prices seems to be driven by speculative trading activities based on rumours being created in the market, without having any substance to the bank’s actual operation and activities.