DUBAI, Dec 17 (Reuters) - Gulf Finance House
Rayes had been acting CEO since March 2012, the statement to the Dubai bourse said.
The sharia-compliant investment house was hit hard by the global financial crisis and it was forced to restructure a number of debt facilities - some more than once - since 2009.
Rayes told Reuters in July that a leaner balance sheet and a new strategy in which it engaged more in its investments would help drive the business forward in future.
Its current debt pile was less than $235 million, Tuesday's statement added.
(Reporting by David French; Editing by Olzhas Auyezov)
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Keywords: BAHRAIN GFH/CEO