Press releases, Reports & Disclosures for GFH Financial Group B.S.C.

GFH Financial Group B.S.C. has announced the opening of nominations for the candidacy of 10 Board of Directors’ membership for a three-year term (2024 -2027). Further details can be found in the attached announcement. The information was released by Mariam Jowhary, the Head of Compliance & AML at the company.

GFH Financial Group B.S.C. has announced the appointment of Mr. Ayman Zaidan as Group Chief Treasury & Financial Institutions, effective from January 14, 2024. This follows the resignation of Mr. Damian Philip White due to personal reasons. Mr. Zaidan has over 30 years of experience in the banking industry and has previously worked with First Energy Bank, National Bank of Kuwait, and Qatar First Bank. He holds a Bachelor of Science in Accounting and Business Administration from the University of Jordan.

GFH Financial Group B.S.C., with the trading code GFH, announced on 13/12/2023 the opening of Raffles Hotels & Resort and the launch of a new masterplan for its Areen project. This investment is expected to positively impact the group's financials and increase its returns. Further details can be found in the attached release. The announcement was made by Mariam Jowhary, the Head of Compliance & AML.

The GFH Financial Group B.S.C. (Trading Code: GFH) has announced a board meeting scheduled for 13 February 2024. The meeting will start at 2 p.m. Kingdom of Bahrain’s time. The agenda includes the review of financial results for the year ended 31st December 2023 and discussion of other internal matters. The announcement was made by Mariam Jowhary, the Head of Compliance & AML.

On 07/12/2023, GFH Financial Group B.S.C. (GFH) announced through a press release the sale and exit from its first Diversified US Student Housing Portfolio by its fully owned subsidiary, GFH Partners Ltd. The investment is expected to reflect positively on the Group’s financials and increase the returns for the Group. Further details can be found in the attached release. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.

The GFH Financial Group B.S.C. has announced the appointment of Mr. Suryanarayanan Hariharan as the new Group Chief Financial Officer (CFO). This follows the appointment of the current Group CFO, Mr. Srinivasan Rathinam, as an Advisor to the Group CEO. The changes will be effective from 30th November 2023.

On November 14, 2023, GFH Financial Group B.S.C. announced the successful completion of its Q3 2023 financial results webcast. The online session was broadcasted live at 1:00 p.m. Kingdom of Bahrain time. The announcement follows a market notification by GFH on November 9, 2023, inviting shareholders and investors to attend the webcast. The presentation discussed during the session and the script of the live webcast were attached to the announcement. The information was signed by Mariam Jowhary, Head of Compliance & AML at GFH Financial Group B.S.C.

The GFH Financial Group held a Board of Directors meeting on November 13, 2023. The meeting, which took place at 2:00 pm Bahrain time, discussed the financial results for the third quarter of 2023, ending on September 30, 2023, and other internal matters. The financial results for the third quarter of 2023 were attached to the announcement.

GFH Financial Group has reported a 19.14% increase in net profit attributable to shareholders for the first nine months of 2023, totaling $78.92 million. The group's total income for Q3 2023 was $87.53 million, a 32.82% increase YoY, and the shareholder's profit was $24.31 million, a 1.04% increase YoY. However, the earnings per share decreased by 2.74% YoY. The group's strong financial performance was attributed to contributions from its core business lines, including investment management, commercial banking, and treasury & proprietary investments. Notably, the group generated $75.75 million of income from investment banking activities during Q3 2023. Capital Intelligence Ratings affirmed GFH's long and short-term foreign currency ratings at 'BB-' and 'B', respectively.

The text provides information about GFH Financial Group BSC, a company registered with the Central Bank of Bahrain as an Islamic wholesale bank (Commercial Registration: 44136). The company's registered office is located on the 29th floor of Building 1398, East Tower, Bahrain Financial Harbour, Manama, Kingdom of Bahrain. The board of directors includes Ghazi Faisal Ebrahim Alhajeri (Chairman), Edris Mohammed Rafi Alrafi (Vice Chairman), and five other directors. The Chief Executive Officer is Hisham Ahmed Alrayes and the company's auditors are KPMG Fakhro. The text also mentions a condensed consolidated interim financial report as of 30 September 2023.