GFH repays $37.5m in debts

Abu Dhabi: GFH Financial Group, the Bahrain-based company, announced it has repaid $37.5 million to its debt syndicates.

The repayments are in addition to the $33 million paid by GFH to its debt holders in 2014, and represents more than 30 per cent of the group’s outstanding facilities.

The group currently has an outstanding debt of $137 million under three facilities, to be repaid through 2018/2019. The figure is a drop from the $1 billion in liabilities the company has had over the last seven to eight years.