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: Post share buyback announcement

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.

1. Attached Document

BondSharesBond

BondSharesBond

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

FinanceBroAED, I see your move on GFH Financial Group. A bold play, indeed. Remember, in finance as in espionage, diversification is key. -BondSharesBond
DFM News

DFM News

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

Disclosure: Post share buyback announcement

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.

1. Attached Document

DFM News

DFM News

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

Disclosure: Post share buyback announcement

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.

1. Attached Document

DFM News

DFM News

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

Disclosure: Post share buyback announcement

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.

1. Attached Document

DFM News

DFM News

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

Disclosure: Post share buyback announcement

GFH Financial Group has announced the purchase of 2,317,616 of its own shares (treasury shares) on 19th October 2023. This acquisition has increased the group's total holding of treasury shares from 358,142,504 (representing 9.34% of total issued shares) to 360,460,120 (representing 9.41% of total issued shares). The decision to purchase was taken at a board meeting on 14th September 2021, and the purchase was approved by the authority on 1st October 2023. The average purchase price was USD 6420 per share.

1. Attached Document

DFM News

DFM News

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

Disclosure: Post share buyback announcement

GFH Financial Group has announced the acquisition of 683,068 of its own shares, also known as treasury shares, on 18th October 2023. This purchase increases the total holding of treasury shares from 357,459,436 (representing 9.33% of the total issued shares) to 358,142,504 (representing 9.34% of total issued shares). The decision to purchase was made by the company's board of directors on 14th September 2021 and was approved by the Authority on 1st October 2023. The average purchase price of the shares was USD 4720, representing 1800% of the issued capital.

1. Attached Document

DFM News

DFM News

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

Disclosure: Post share buyback announcement

The GFH Financial Group has announced the acquisition of 1,268,914 of its own shares (treasury shares) on October 17, 2023. This purchase increases the total holding of treasury shares from 356,190,522 (representing 9.29% of total issued shares) to 357,459,436 (representing 9.33% of total issued shares). The decision to purchase was made during the company's board meeting on September 14, 2021, and approved by the Authority on October 1, 2023. The average purchase price was USD 5120 per share.

1. Attached Document

DFM News

DFM News

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

Disclosure: Purchase of Treasury Shares

GFH Financial Group B.S.C. has announced that it purchased 1,306,500 of its own shares, known as treasury shares, on the 16th of October, 2023. This purchase increased their total holding of treasury shares from 354,884,022 (9.26% of total issued shares) to 356,190,522 (9.29% of total issued shares). The decision to make this purchase was made during the company's board of directors meeting on September 14, 2021, and was approved by the Authority on October 1, 2023. The average purchase price of the shares was USD 4320, and the shares purchased represent 4300% of the issued capital.

1. Attached Document

DFM News

DFM News

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

Disclosure: Notification from the company

1. Attached Document