GFH Financial Group B.S.C.

Logotype for GFH Financial Group B.S.C.
Ticker/ISIN
GFH
BH000A0CAQK6
Market/Country
Dubai Financial Market
United Arab Emirates
Latest Stock Price
0.96 AED
2024-02-21

Year to date

0.00 %

3 months

0.06 %

6 months

-0.05 %

1 year

0.00 %

3 years

0.00 %

5 years

0.00 %

Country of Origin: Kingdom of Bahrain

GFH Financial Group B.S.C. has been establishment in 1999 in the Kingdom of Bahrain as an Islamic Wholesale Bank licensed by Central Bank of Bahrain. GFH is a well renowned financial group in the GCC region, with a diversified offering and pioneering track record in Investment Management;  Commercial Banking; and Treasury & Proprietary Investments across the GCC, with strategic investment in the US, Europe and UK. Headquartered in Bahrain, GFH’s innovative approach to Islamic investment banking services has been recognized internationally for over a decade. GFH is listed on four stock exchanges in the GCC, including the Bahrain Bourse, Boursa Kuwait, Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX).

Latest Pressrelease Summaries

GFH Financial Group has announced the purchase of 134,287,812 treasury shares, increasing its total treasury shares to 218,474,375, which represents 5.7% of the total issued shares as of September 30, 2024. The announcement was made by Mariam Jowhary, the Head of Compliance and AML.
GFH Financial Group announced that the Ordinary General Meeting scheduled for Wednesday, October 2, 2024, did not meet the required quorum, with only 41.58% attendance. Consequently, a second meeting is scheduled for Wednesday, October 9, 2024, at 11:00 a.m. via modern visual communication methods.
GFH Financial Group B.S.C. released an announcement on October 2, 2024, detailing their market-making activities and treasury shares for September 2024. In accordance with the Central Bank of Bahrain's requirements, the company disclosed the market-making transactions conducted by their liquidity providers: SICO in Bahrain Bourse and BHM Capital in Dubai Financial Market and Abu Dhabi Securities Exchange. As of September 30, 2024, GFH held 84,186,563 treasury shares, representing 2.20% of the Group’s total outstanding shares. During September, SICO purchased 2,887,408 securities and sold 1,253,127 securities on Bahrain Bourse, with total money paid amounting to USD 984,520 and total money received amounting to USD 427,304.
GFH Financial Group B.S.C. has announced that its Board of Directors will hold a meeting on Thursday, November 7, 2024, at 2 p.m. (Kingdom of Bahrain time). The agenda includes reviewing the financial results for the third quarter of 2024 and discussing other internal matters. The announcement was made by Mariam Jowhary, Head of Compliance and AML.
GFH Financial Group B.S.C. (GFH) and Ithmaar Holding B.S.C. (Ithmaar) announced on 19th September 2024 that they are still in the negotiation process for GFH to acquire Ithmaar’s financing and investment portfolios, subject to regulatory approvals. Shareholders will be informed of any further developments on a regular basis. The expected financial impact will be disclosed in due course. Previous relevant disclosures were made on 6th March, 7th April, 6th May, and 6th June 2024. The announcement was made by Mariam Jowhary, Head of Compliance & AML at GFH.
GFH Financial Group B.S.C. announced that Capital Intelligence Ratings has reaffirmed their Long-Term and Short-Term Foreign Currency Ratings at "BB-" and "B" respectively, with a stable long-term outlook. The ratings are supported by GFH's adequate liquidity, low refinancing risk, good debt service record, geographic diversification of assets, improved capitalization, and satisfactory profitability. The company stated that there is no expected financial impact from this credit rating classification on its business or financial position.
GFH Financial Group has scheduled an Ordinary General Meeting for October 2, 2024, via video conferencing. If the required legal quorum is not met, subsequent meetings are planned for October 9 and October 16, 2024. The agenda includes: 1. Approval of the minutes from the previous meeting held on March 24, 2024. 2. Approval of the Board's recommendation to establish a Sukuk Programme worth up to $500 million through a Special Purpose Vehicle (SPV), subject to necessary regulatory approvals. 3. Approval of modifications and an offer to early redeem outstanding certificates from the 2020 Sukuk issuance. 4. Delegation of powers to the Board of Directors to carry out the Sukuk Programme and Offer, including obtaining necessary regulatory approvals and concluding agreements. 5. Delegation of powers to the Chief Executive Officer to conduct necessary procedures for the Sukuk Programme and Offer. 6. Discussion of any other matters as per Article 207 of the Commercial Companies Law. The meeting details and contact information are provided for further inquiries.
GFH Financial Group B.S.C. disclosed its market-making activities for August 2024, in compliance with the Central Bank of Bahrain's requirements for monthly reporting by listed companies. The details include transactions by the market maker SICO in Bahrain Bourse and the liquidity provider BHM Capital in Dubai Financial Market and Abu Dhabi Securities Exchange. As of August 31, 2024, SICO purchased 3,198,598 securities and sold 1,274,448 securities. The total money paid was USD 1,007,885, while the total money received was USD 411,461. The securities balance stood at 2,925,000, and the cash balance was USD 4,920,869.

Threads

DFM News

DFM News

News Update From GFH Financial Group B.S.C.

Disclosure: Earnings Call

GFH Financial Group B.S.C. has announced it will host a webcast to present the financial results for the fiscal year ending 31st December 2023. The webcast is scheduled for 1:00 pm (Kingdom of Bahrain Time) on Wednesday, 14th February 2024. Shareholders and investors are invited to join the webcast via the provided link. The announcement was signed by Mariam Jowhary, Head of Compliance & AML at GFH Financial Group.

1. Attached Document

DFM News

DFM News

News Update From GFH Financial Group B.S.C.

Disclosure: Earnings Call

GFH Financial Group B.S.C. has announced a webcast for its financial results for the financial year ending 31st December 2023. The company invites its shareholders and investors to the webcast, which will be broadcasted on 14th February 2024 at 01:00 pm Kingdom of Bahrain Time. The webcast can be accessed via the provided link. The announcement was signed by Mariam Jowhary, Head of Compliance & AML at GFH Financial Group.

1. Attached Document

DFM News

DFM News

News Update From GFH Financial Group B.S.C.

Disclosure: Post share selling announcement

GFH Financial Group B.S.C. announced on 31/01/2024 that it has signed an agreement to sell 134,287,812 of its treasury shares, representing 3.5% of its total issued shares, to Southern Star Investments W.L.L. The transaction is expected to reflect positively on GFH's financials and increase the group's returns. The announcement was made by Mariam Jowhary, the Head of Compliance & AML.

1. Attached Document

DFM News

DFM News

News Update From GFH Financial Group B.S.C.

Disclosure: Nomination for Board Membership

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.

1. Attached Document

DFM News

DFM News

News Update From GFH Financial Group B.S.C.

Disclosure: Press release

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.

1. Attached Document

ConsumerPrincess

ConsumerPrincess

Commented on AkSharesKumars Transaction regarding GFH Financial Group B.S.C.

Impressive move on GFH Financial Group B.S.C. Despite the recent dip, it's a solid choice in the Financials sector. Keep an eye on market trends.
DFM News

DFM News

News Update From GFH Financial Group B.S.C.

Disclosure: Press release

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.

1. Attached Document

DFM News

DFM News

News Update From GFH Financial Group B.S.C.

Disclosure: BOD meeting

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.

1. Attached Document

DFM News

DFM News

News Update From GFH Financial Group B.S.C.

Disclosure: Press release

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.

1. Attached Document

DFM News

DFM News

News Update From GFH Financial Group B.S.C.

Disclosure: Appointment of Group CFO

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.

1. Attached Document