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

GFH Financial Group B.S.C. has announced the purchase of 13,820,630 of its own shares (treasury shares), increasing its total treasury shares from 201,033,405 (5.25% of total issued shares) to 214,854,035 (5.61% of total issued shares) as of 29th April 2024. The decision to purchase was made in a board meeting in September 2021, and the purchase was approved by the Authority in April 2024. The average purchase price was USD 2910 per share. The remaining shares available for purchase are 168,405,348.

On 28th April 2024, GFH Financial Group B.S.C. announced that it had purchased 429,316 of its own shares, also known as treasury shares. This acquisition increased the total holding of treasury shares from 200,604,089 (representing 5.23% of the total issued shares) to 201,033,405 (representing 5.25% of total issued shares). The decision to purchase was made during a board meeting in September 2021 and was approved by the Authority in April 2024. The average purchase price was 0.28 USD per share. After this purchase, the number of shares remaining for purchase is 182,225,978.

GFH Financial Group announced on 26/04/2024 that it has acquired 16,763,304 of its own shares (treasury shares), increasing its total holding from 183,840,785 shares (representing 4.80% of total issued shares) to 200,604,089 shares (representing 5.23% of total issued shares). The decision to purchase was made in a board of directors meeting in September 2021, and the purchase was approved by the Authority in April 2024. The shares were purchased at an average price of 0.283 USD, representing 0.437% of the issued capital. Following this purchase, 182,655,294 shares remain available for purchase.

On April 25, 2024, GFH Financial Group B.S.C. announced that it has purchased 1,791,203 of its treasury shares. This acquisition increases the total holding of treasury shares from 182,049,582 (representing 4.75% of total issued shares) to 183,840,785 (representing 4.80% of total issued shares). The decision to purchase was made during the company's board of directors meeting in September 2021, and the purchase was approved by the Authority in April 2024. The average purchase price was 0.272 USD per share, and the purchased shares represent 0.047% of the issued capital. After this purchase, the number of shares remaining for purchase is 199,418,598. The announcement was signed by Mariam Jowhary, the Head of Compliance & AML.

On 24/04/2024, GFH Financial Group B.S.C. announced that in accordance with the resolution from the Ordinary General Meeting on 24th March 2024, it has been approved to repurchase the Group's shares (treasury shares) up to a maximum of 10% of the total issued shares. The company has obtained approval from CBB to repurchase its shares and will commence the share repurchase from 25th April 2024. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.

On 20/04/2024, GFH Financial Group B.S.C. announced the appointment of Mr. Nabeel Kanoo as a Board member in its subsidiary, GFH Partners. The announcement was signed by Mariam Jowhary, the Head of Compliance & AML. Further details were provided in an attached release.

On 07/04/2024, GFH Financial Group B.S.C. announced that it is in ongoing discussions with Ithmaar Holding B.S.C. to acquire Ithmaar’s financing and investment portfolios. The transaction structure is still being finalized and agreed upon, and is subject to due diligence and regulatory approvals. The Group expects the transaction to have a positive and significant impact on its financials and increase its returns. Shareholders will be regularly updated on further developments.

On 03/04/2024, GFH Financial Group B.S.C. (Trading Code: GFH) released the minutes of their Annual General Meeting. The meeting achieved a quorum of 37.59%. The announcement also includes a report on the quorum of the Annual General Meeting, a voting report on the agenda items, and observations received from shareholders or their representatives. This information was disclosed by Mariam Jowhary, the Head of Compliance & AML at GFH Financial Group.

On 1st April 2024, GFH Financial Group announced that it has concluded investments totaling US$450 million in the US real estate sector between the fourth quarter of 2023 and the first quarter of 2024. This investment is expected to have a positive impact on the Group's financials and increase the returns for the Group. The announcement was made by Mariam Jowhary, the Head of Compliance & AML. For more details, reference is made to the attached release.

On April 1, 2024, GFH Financial Group B.S.C. announced that it has sold 157,815,208 of its treasury shares, representing 4.12% of its total issued shares, to Aljomaih Holding Company and strategic investors. Following this sale, the total number of treasury shares held by GFH will be 182,049,582, representing 4.75% of its total issued shares. The announcement was signed by Mariam Jowhary, Head of Compliance & AML at GFH Financial Group.