GFH sells Banyan Tree

MANAMA: Bahrain-based Gulf Finance House, an Islamic investment bank specializing in the conception and execution of infrastructure initiatives in a number of economic sectors, has made yet another successful exit as it sold Banyan Tree Resort and Spa, Bahrain (Al-Areen Hotels SPC) to a Singaporean investor. Banyan Tree is part of GFH’s Al-Areen project, currently being built over an area of 2 million square meters in Bahrain’s southern region, to further Bahrain’s reputation as a friendly destination for family and health-oriented tourists.