Gulf Finance House - To Sell Khaleeji Commercial Bank Stake This Year

Bloomberg has an interview with Dr. Esam Janahi, Chairman of GFH in which he made the following points:

1. GFH will sell its entire stake in KHCB this year.  High level discussions are already in process.
2. Unlike governments, GFH has been paying its debts.
3. The bank is not crazily leveraged (perhaps because it's been paying down its debts?)
4. The bank is moving away from real estate investments.  Something the bank started before the crash happened to give them credit for a prescient move.  However, their problem was their portfolio and the illiquid nature of real estate.  It's a lot easier to sell one's bonds or equities than one's real estate.