Home GCC Bahrain Leeds United Chairman Buys 5.7% Of Gulf Finance House Salah Nooruddin will join GFH’s board of directors following the stake acquisition. by Reuters November 12, 2013 Follow us Follow on Google News Follow on Facebook Follow on Instagram Follow on X Follow on LinkedIn Bahrain-based investment firm Gulf Finance House (GFH) said on Tuesday that a family consortium led by the chairman of English soccer team Leeds United had bought a 5.71 per cent stake in the company. Salah Nooruddin, a Bahraini businessman, will join GFH’s board of directors following the stake acquisition, subject to regulatory approval, a bourse filing said. No purchase price was given in the statement. However, at Monday’s closing share price, the stake would be worth around 28.9 million dinars ($76.6 million), according to Reuters calculations. GFH Capital, a Dubai-based unit of GFH, bought Leeds United last year for 52 million pounds and subsequently sold some of its stake to investors including Envest Limited, a firm owned by Nooruddin and his wife. Nooruddin was named chairman of the soccer club in July. 0 Comments