In a statement to the Dubai Financial Market (DFM), Bahrain-based Islamic investment bank Gulf Finance House (GFH) announced that it has recently repaid $25 million to debt holders marking total debt principal payments of $33 million so far in 2014.

This sum represented more than 15% of GFH’s total outstanding facilities, the statement said, adding that the repayment highlights the Bank’s ongoing to commitment to meeting obligations to debt holders in line with the restructuring terms concluded in 2012 as well as the Bank’s business plan.

As at August 5, 2014, GFH’s outstanding facilities stand at $169 million, representing a sound leverage ratio close to 0.28.