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Gulf Investment House Books Q3 Gain Following Boubyan Bank Share Transfer

MT Newswires·11/02/2026 07:39:31
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07:39 AM EST, 11/02/2026 (MT Newswires) -- Gulf Investment House (ADX:GIH) registered a gain of 631,801 Kuwaiti dinars in the third quarter, following the transfer of Boubyan Bank's shares to creditors. The Abu Dhabi-listed financial services company said Monday that it expects to recognize the remaining profit in the fourth quarter. In September, GIH said it expects to receive 3,006,517 Boubyan shares, following a bankruptcy judge's decision to distribute the lender's shares to eligible creditors.