(MENAFN- Khaleej Times) Gulf Finance House (GFH) intends to partially exit Clients Funds Under Management from infrastructure projects.
This is part of the plan that started in 2012, to early redeem the investors funds e.g. Navi Mumbai Mega City, the company said in a statement clarifying GFH's acting CEO's interview reported by Bloomberg on December 26.
"GFH remains committed to the development of the Tunis Financial Harbour project; the tenders have been issued and the construction work will commence from January 2013," it said.
GFH is working on high-yield income-generating properties in the GCC, Dubai in particular. The due diligence for various opportunities is currently underway and the transactions are expected to take place in 2013.
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