Mubasher: GFH Financial Group said Saturday that it has repaid financial facilities worth $300 million, which was received by the company in 2006 and due to be repaid in July 2018
The company paid $29 million in advance before the final maturity date of the loan, according to a statement.
Hisham Ahmed Al Rayes, CEO of GFH, said,” we are pleased to continue to strengthen our balance sheet through the early repayment of these facilities that we had received from regional and international banks".
“We have managed to reduce our financial commitments exceeding $1 billion in 2008 to $112 million,” he added.
