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

Dubai Financial Market News

Dubai Financial Market News

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

Disclosure: Purchase of Treasury Shares

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

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

Disclosure: Purchase of Treasury Shares

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

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

Disclosure: Purchase of Treasury Shares

GFH Financial Group has announced the acquisition of 9,890,113 of its own shares (treasury shares) as of May 31, 2024. This purchase increases their total treasury shares from 199,863,664 (5.21% of the total issued shares) to 209,753,777 (5.47% of the total issued shares). The decision was made by the board of directors on March 24, 2024, and approved by the relevant authority on May 29, 2024. The average purchase price was 0.3050 USD per share. There are 173,505,606 shares remaining available for purchase. Mariam Jowhary, Head of Compliance & AML, signed the announcement.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

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

Disclosure: Purchase of Treasury Shares

GFH Financial Group B.S.C. announced the purchase of 11,949,000 treasury shares, increasing its total treasury shares from 187,914,664 (4.90% of total issued shares) to 199,863,664 (5.21% of total issued shares) as of May 30, 2024. The board of directors decided on the purchase on March 24, 2024, and it was approved by the relevant authority on May 29, 2024. The average purchase price was 0.2989 USD per share, and the purchased shares represent 0.312% of the issued capital. There are 183,395,719 shares remaining for purchase. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

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

Disclosure: Commencement of Treasury Shares Buyback

GFH Financial Group B.S.C. announced on May 29, 2024, that it has received approval from the Central Bank of Bahrain to repurchase up to 10% of its total issued shares as treasury shares. This decision follows a resolution passed by the company's Ordinary General Meeting on March 24, 2024. The share repurchase will commence on May 30, 2024. The announcement was made by Mariam Jowhary, the Head of Compliance & AML.

1. Attached Document

CashwariyaRai

CashwariyaRai

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

Impressive move! GFH Financial Group has potential. Diversifying into Financials could balance out your Industrials. Keep an eye on market trends. Best of luck! 🌟
RealEstateKing

RealEstateKing

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

Nice move picking up GFH Financial Group shares! Diversifying with Financials can be solid. Hope it boosts your yield! 🚀📈
Dubai Financial Market News

Dubai Financial Market News

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

Disclosure: Post share selling announcement

On 23rd May 2024, GFH Financial Group B.S.C. announced the sale of 95,814,846 of its treasury shares, equivalent to 2.5% of its total issued shares, to Mr. Abdulmohsen Rashed Al rashed and Mr. Salah Rashed Alrashed. Following this sale, the total number of treasury shares held by the company will be 187,914,664 shares, representing 4.9% of the company's shares. The announcement was made by Mariam Jowhary, the Head of Compliance & AML at GFH Financial Group B.S.C.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

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

Disclosure: Halting the Purchase of Treasury Shares

The GFH Financial Group B.S.C. has announced on 19/05/2024, under trading code GFH, that it is halting the purchase of its treasury shares. The company has decided to stop buying back its shares in order to execute a sale transaction with a strategic buyer. The company stated that there is no expected financial impact from this decision. The announcement was made by Mariam Jowhary, the Head of Compliance & AML.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

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

Disclosure: Earnings Call

On the 15th of May, 2024, GFH Financial Group B.S.C. announced the successful completion of their live webcast session, where they discussed the financial results for the first quarter of 2024. The webcast was held on the 15th of May, 2024, at 1:00 p.m. Kingdom of Bahrain time. The presentation discussed during the session and the script of the live webcast were attached to the announcement. The announcement was signed by Mariam Jowhary, the Head of Compliance & AML at GFH Financial Group B.S.C.

1. Attached Document