GFH capital confirms Hisham Alrayes to its Board as the permanent CEO

– UAE – GFH would like to advise the markets and its shareholders on the appointment of Mr. Hisham Alrayes as the permanent Chief Executive Officer of Gulf Finance House. Mr Alrayes has been serving as Acting CEO of GFH since March 2012, during which he was responsible for overseeing the overall performance and management of the Bank.

During Mr. Alrayes’ leadership of the bank, GFH has been able to successfully restructure all its liabilities, reduce debt to less than USO 235mn, and improve its Capital Adequacy and Liquidity ratios. In addition, following the restructuring activities, Mr. Alrayes was able to drive the Bank back into profitability with number of successful investments being undertaken.

Mr. Hisham Alrayes, has extensive experience gained over more than 13 years working in the banking industry, with focus on start-ups, investments turnarounds and debt restructuring. He currently oversees overall GFH Capital investment practices in financial institutions, technology and consumers goods. Mr. Alrayes is also handling the Chief Investment Office role at Gulf Finance House in Bahrain along with chairmanships in Cemena Holding Company, Gulf Holding Company and Al Khaleej Fund & Investment Company, beside number of board memberships in several companies including Bahrain Aluminum Extrusion Company and Naseej Development Co.

Prior to joining GFH, Mr. Alrayes was the founder and General Manager of Invita B.S.C., a leading business process outsource company in GCC, and prior to this, was part of Bank of Bahrain and Kuwait’s Senior Management team.

Mr. Alrayes holds a Bachelors degree with Honours in Electrical Engineering from the University of Bahrain and a Masters degree with Honours in Business Administration from the University of De Paul, Chicago.

About GFH Capital

GFH Capital, formerly known as Injazat Capital, is one of the Middle East’s foremost private equity investors, advisors and fund managers, providing capital and strategic support for growth companies. With a 10-year track record of top-performing investments and fund management, GFH Capital is one of the region’s longest-established private equity firms, and one of the first to be licensed by the Dubai Financial Services Authority.

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