GFH Financial Group has announced the completion of the process of issuing a sukuk amounting to US $ 500 million.

The company said in a statement today, Tuesday, that the issuance was completed after announcing today the issuance of the remaining amount of the total value of $ 200 million.

The group explained that the issuance comes in succession to the successful issuance of sukuk worth $ 300 million earlier in January.

She noted that the proceeds from the Sukuk issuance will be used to enhance the balance sheet and diversify the sources of income.