GFH Financial Group would like to advise its shareholders and the markets that that Capital Intelligence has upgraded the Group’s long-term and short-term corporate ratings at (BB-) and (B) respectively with a stable outlook.

The improvement reflects the group’s sound liquidity, coupled with a sizeable liquid sovereign Sukuk portfolio, increasingly diversified sources of funding and increased share of non-Bahrain assets. The updated corporate ratings are also supported by GFH’s extended debt maturity profile following a US$500 million five-year Sukuk issue in 2020, low refinancing risk and satisfactory debt service capacity.