Mubasher: GFH Financial Group repaid $45 million to its debt syndicates, representing more than 25% of its outstanding facilities, according to a statement.
As a result, GFH’s outstanding syndicated facilities reached $105 million, while total equity amounted to $700 million.
“We have been able over last few years to deleveraged significantly, having had liabilities in excess of $1 billion in 2008 compared to $105 million only now,” the group’s CEO Hisham Alrayes said, adding that “our debt to equity ratio of 0.15 is a testament to this”.
