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

The GFH Financial Group announced that its Board of Directors met on 14th May 2024 to discuss and resolve the financial results for the first quarter of 2024, which ended on 31st March 2024, and other internal matters. The financial results for the first quarter of 2024 were attached to the announcement.

The GFH Financial Group held a Board of Directors meeting on 14th May 2024 to discuss and resolve the financial results for the first quarter of 2024, which ended on 31st March 2024, and other internal matters. The financial results for the first quarter of 2024 are attached.

GFH Financial Group B.S.C. has announced a webcast for the financial results of the first quarter of 2024, which will be held on 15th May 2024 at 01:00 pm Kingdom of Bahrain Time. The webcast, which will cover the period ending 31st March 2024, is open to all shareholders and investors of the company. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.

On 09/05/2024, GFH Financial Group B.S.C. announced a reduction in its ownership of Khaleeji Bank B.S.C. The company has sold 6.11% of its shares in Khaleeji Bank, reducing its ownership to 57.96%. The financial impact of this sale is expected to be nil, and there have been no previous relevant disclosures. The announcement was made by Mariam Jowhary, the Head of Compliance & AML at GFH Financial Group.

On 9th May 2024, GFH Financial Group B.S.C. announced that it has acquired 12.346% of the shares in Seef Properties B.S.C. The company expects that this transaction will have a positive impact on its financials. The announcement was made by Mariam Jowhary, the Head of Compliance & AML of GFH Financial Group B.S.C.

The GFH Financial Group has announced the purchase of 2,000,000 of its own shares (treasury shares) on May 7, 2024. This acquisition increases the total holding of treasury shares from 281,729,510 (representing 7.35% of the total issued shares) to 283,729,510 (representing 7.40% of total issued shares). The decision to purchase was made by the company's board of directors in September 2021, with approval from the authority in April 2024. The average purchase price was 0.283 USD per share, representing 0.052% of the issued capital. After this acquisition, 99,529,873 shares remain available for purchase.

On 06/05/2024, GFH Financial Group B.S.C. announced that they are in ongoing discussions to acquire financing and investment portfolios from Ithmaar Holding B.S.C. The transaction structure and definitive documents are currently being finalized. Ithmaar is also arranging an Extraordinary General Meeting for shareholder approval. The discussions are subject to due diligence and regulatory approvals. Shareholders will be regularly updated on any further developments.

On May 3, 2024, GFH Financial Group announced that it has purchased an additional 1,100,000 of its own shares (treasury shares), increasing its total holding from 280,629,510 shares (7.32% of total issued shares) to 281,729,510 shares (7.35% of total issued shares). The decision to purchase these shares was made by the company's board of directors in September 2021 and approved by the Authority in April 2024. The average purchase price was $0.302 USD per share, representing 0.029% of the issued capital. After this purchase, there are 101,529,873 shares remaining for purchase.

On 1st May 2024, GFH Financial Group B.S.C. announced that it has purchased 27,112,532 of its own shares (treasury shares). This purchase increased the total holding of treasury shares from 253,516,978 shares, representing 6.61% of the total issued shares, to 280,629,510 shares, representing 7.32% of total issued shares. The decision to purchase was made during the company's board meeting in September 2021 and the authority approval for the purchase was given in April 2024. The average purchase price was 0.297 USD per share, which constitutes 0.707% of the issued capital. After this purchase, 102,629,873 shares remain available for purchase. The announcement was made by Mariam Jowhary, the Head of Compliance & AML of the company.

GFH Financial Group B.S.C. has announced the purchase of 38,662,943 of its own shares (treasury shares), increasing its total holding from 214,854,035 (5.61% of total issued shares) to 253,516,978 (6.61% of total issued shares) as of 30th April 2024. The decision to purchase was made in a company board meeting in September 2021, with authority approval obtained in April 2024. The average purchase price was $0.297 USD per share, accounting for 1.009% of the issued capital. There are still 129,742,405 shares remaining for purchase.