GFH appoints Elias Karaan as senior exec director

Gulf Finance House (GFH), the Bahrain-based Islamic investment bank, announced the appointment of Elias Karaan to the position of Senior Executive Director of Development Infrastructure. In his new position, Karaan will be responsible for managing, conceptualising and developing the infrastructure and real estate investment projects for the bank and its associates. Karaan has more than 32 years of accumulated experience in Infrastructure and Real Estate projects in the United States and the GCC countries. Previously, Karaan was holding a position of Chief Executive Officer in the Reef Island, Kingdom of Bahrain. Commenting on the appointment, Hisham Al Rayes, Acting CEO of GFH said: “Elias brings with him project management experience in Real Estate developments, which will add great value to both ongoing and new GFH projects. Our objectives are to extract values out of our real estate portfolio and Karaan shall lead the effort in the same.  On behalf of the entire GFH family, I welcome Elias on board and look forward to his valuable contribution to future achievements.” Elias Karaan commented on his appointment: “I would like to thank the Acting CEO and Board of Directors for the trust and confidence they have extended to me.”