{"title":"The Untold Story of the Premium Collapse of Gulf Finance House","authors":"Mohammed Khnifer","doi":"10.2139/SSRN.1712051","DOIUrl":null,"url":null,"abstract":"This paper dissects the balance sheet and business model of Gulf Finance, and scrutinizes the existence of a \"pre-exit premium\" in their activities – on top of the usual exit fees and/or performance fees. The study suggests that this practice (uncommon even for conventional Private Equity businesses – much less for an Islamic Private Equity house) was pioneered by GFH and it is this same practice that brought them down to their knees.","PeriodicalId":331286,"journal":{"name":"Tilburg: TISCO Working Paper Series on Banking","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2010-11-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Tilburg: TISCO Working Paper Series on Banking","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/SSRN.1712051","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
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Abstract
This paper dissects the balance sheet and business model of Gulf Finance, and scrutinizes the existence of a "pre-exit premium" in their activities – on top of the usual exit fees and/or performance fees. The study suggests that this practice (uncommon even for conventional Private Equity businesses – much less for an Islamic Private Equity house) was pioneered by GFH and it is this same practice that brought them down to their knees.
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