In order to strengthen and broaden its customer profile, GFH established an Islamic commercial bank, Khaleeji Commercial Bank. Through this bank we are able to leverage this strength into a strong value proposition for our clients by creating a competitive edge over other banks.
Capitalised at US$100 million, Khaleeji Commercial Bank is positioned as a niche private bank, offering investment and financing products to high net worth individuals in Bahrain. Khaleeji Commercial Bank is owned by GFH (40%) and other strategic investors (30%), and has the objective of widening the activities and enhancing the customer and shareholder value of the group. The implications of this are a strategic positioning which enables tapping of market opportunities, and is synergistic to the GFH business model, building on the performance of the overall group.
