GFH Financial Group B.S.C.

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.

On March 29, 2024, GFH Financial Group B.S.C announced that it has acquired 14,565,923 of its own shares (treasury shares). This purchase increased the total holding of treasury shares from 331,601,748 (representing 8.65% of the total issued shares) to 346,167,671 (representing 9.03% of the total issued shares). The decision to purchase was made during the company's board meeting in September 2021 and was approved by the Authority in March 2024. The average purchase price for these shares was 1030 USD per share.

The GFH Financial Group B.S.C. has announced the acquisition of 17,453,610 of its own shares (treasury shares), increasing its total holding from 314,148,138 shares (8.20% of total issued shares) to 331,601,748 shares (8.65% of total issued shares) as of 28th March 2024. The decision to purchase was made in a company board meeting in September 2021, and the purchase was approved by the authority in March 2024. The shares were purchased at an average price of 0.630 USD, representing 0.455% of the issued capital.

On 27th March 2024, GFH Financial Group B.S.C announced that it has purchased 45,582,673 of its own shares (treasury shares). This acquisition increased the company's total holding of treasury shares from 268,565,465 (representing 7.01% of the total issued shares) to 314,148,138 (representing 8.20% of the total issued shares). The decision to purchase these shares was made by the company's board of directors in September 2021 and was approved by the authority in March 2024. The average purchase price was USD 3110 per share, which represents 1.189% of the issued capital.

GFH Financial Group has announced the acquisition of 28,556,375 of its own shares (treasury shares). This purchase increases the total holding of treasury shares from 240,009,090 (6.26% of total issued shares) to 268,565,465 (7.01% of total issued shares) as of 26th March 2024. The decision to purchase was taken in a board meeting in September 2021 and approved by the authority in March 2024. The average purchase price was USD 2980. The purchased shares represent 0.745% of the issued capital.

The GFH Financial Group B.S.C. has announced the purchase of 16,190,029 treasury shares, increasing its total holding from 223,819,061 (5.84% of total issued shares) to 240,009,090 shares (6.26% of total issued shares) as of 25th March 2024. The decision to purchase was made in a board meeting in September 2021 and approved by the authority in March 2024. The shares were bought at an average price of 1300 USD, representing 0.422% of the issued capital.

The GFH Financial Group held its Annual General Meeting (AGM) on 25th March 2024, where shareholders approved a 6.2% cash dividend on the nominal value of all ordinary shares, excluding treasury shares. An allocation of $3 million from retained earnings was approved for obligatory Zakat, with shareholders responsible for the remaining amount due. Other approvals included the minutes of the previous meeting, the Board of Directors' 2023 business report, the 2023 consolidated financial statements, the Sharia Supervisory Board's report, and the external auditor's report. The AGM also confirmed the appointment and reappointment of the group's external auditors for 2024 and authorized the group to repurchase up to a certain amount of shares.

The GFH Financial Group B.S.C. held its Annual General Meeting on 24th March 2024, with a quorum of 37.59%. The meeting was chaired by Mr. Ghazi Al Hajeri. The agenda items approved during the meeting included the minutes of the previous meeting, the Board of Directors' report, the Sharia Supervisory Board's report, the external auditor's report, and the consolidated financial statements for the year ended 31 December 2023. The Board recommended allocating the net profit of 2023 as follows: carrying forward $10,522,700 to the statutory reserve, allocating $3,000,000 from net value of the Zakat owed from retained earnings, distributing cash dividends of 6.2% of the nominal value of all the ordinary shares (excluding treasury shares), and transferring $26,340,300 to retained earnings.