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

The GFH Financial Group B.S.C. held a board of directors meeting on the 13th of November, 2023. The meeting was conducted to discuss and resolve the financial results for the third quarter of 2023, which ended on the 30th of September, 2023, and other internal matters. The financial results for the third quarter of 2023 were attached to the announcement.

On November 9, 2023, GFH Financial Group B.S.C. announced the webcast for its third quarter financial results of 2023. The company invited shareholders and investors to join the webcast, which will cover the financial results for the period ending on September 30, 2023. The webcast is scheduled for November 14, 2023, at 1:00 pm Bahrain time. The webcast can be accessed via a provided link. The announcement was signed by Mariam Jowhary, the Head of Compliance & AML at GFH Financial Group.

The GFH Financial Group has clarified ongoing rumors about its intention to acquire an educational group in Egypt. The company confirmed that its educational platform, Britus, is constantly seeking investment opportunities in the education sector by discussing with various parties across different countries. However, they emphasized that there are no final agreements signed to acquire any educational institutions in Egypt at the current time. The potential financial impact of such an acquisition cannot be assessed at this stage.

GFH Financial Group B.S.C. has confirmed its plans to list its shares on the Saudi stock market (Tadawul). This is an existing plan that was announced and presented to shareholders in the 2021 general assembly meeting and approved in April 2022. The Group is currently working on fulfilling the necessary regulatory requirements and achieving the vision of its shareholders. The financial impact of this move cannot be assessed at the current stage.

GFH Financial Group has announced the acquisition of 7,433,562 of its own shares (treasury shares) on October 25, 2023. This increases its total holding of treasury shares from 375,825,821 (9.81% of total issued shares) to 383,259,383 (10% of total issued shares). The decision to purchase was taken at a board of directors meeting on September 14, 2021, and the purchase was approved by the Authority on October 1, 2023. The average purchase price was USD 5220 per share, representing 10.94% of the issued capital.

On October 24, 2023, GFH Financial Group (Trading Code: GFH) announced that they are confirming the statements made by their Group CEO, Mr. Hisham Al-Rayes, regarding two acquisitions in the medical centers and logistics sectors. This information was shared during the 7th edition of the "Future Investment Initiative" (FII). The investment is expected to have a positive impact on the group's financials and increase their returns. Further details can be found in the attached release. The announcement was made by Mariam Jowhary, the Head of Compliance & AML.

GFH Financial Group has announced the purchase of 4,415,000 of its own shares (treasury shares) on October 24, 2023. This acquisition increases the total holding of treasury shares from 371,410,821 (9.69% of total issued shares) to 375,825,821 (9.81% of total issued shares). The decision to purchase was taken during the company's board of directors meeting on September 14, 2021, and the authority approval for the purchase was granted on October 1, 2023. The average purchase price was USD 4720 per share, representing 1150% of the issued capital.

GFH Financial Group has announced the acquisition of 1,997,018 of its own shares (treasury shares), increasing its total holding from 369,413,803 shares (9.641% of total issued shares) to 371,410,821 shares (9.69% of total issued shares) as of 23rd October 2023. The decision to purchase was made at a board meeting on 14th September 2021 and approved by the Authority on 1st October 2023. The average purchase price was USD 4720 per share.

GFH Financial Group has announced the purchase of 120,000 of its own shares (treasury shares) on 22nd October 2023. This acquisition increases the total holding of treasury shares from 369,293,803 (9.64% of the total issued shares) to 369,413,803 (9.641% of total issued shares). The decision to purchase was made during a company board meeting on 14th September 2021 and approved by the Authority on 1st October 2023. The average purchase price was USD 5020 per share, representing 0.03% of the issued capital.

GFH Financial Group has announced the acquisition of 8,833,683 of its own shares (treasury shares), increasing its total holding from 360,460,120 (9.41% of total issued shares) to 369,293,803 (9.64% of total issued shares) as of 20th October 2023. The decision to purchase was taken by the company's board of directors on 14th September 2021 and approved by the Authority on 1st October 2023. The average purchase price was USD 4420 per share, representing 2300% of the issued capital.