GFH Financial Group B.S.C.

GFH Financial Group has announced the acquisition of 14,126,435 of its own shares (treasury shares), increasing its total holding from 57,969,050 (1.51% of total issued shares) to 72,095,485 (1.88% of total issued shares) as of March 12, 2024. The decision to purchase was taken by the company's board of directors in September 2021, with authority approval obtained in March 2024. The average purchase price was USD 7020 per share.

The GFH Financial Group B.S.C. has announced that it will begin repurchasing its shares (treasury shares) from March 12, 2024. This decision is in line with the resolution made during the Ordinary General Meeting on October 14, 2021, which approved the repurchase of up to 10% of the group's total issued shares. The company has obtained approval from the Central Bank of Bahrain (CBB) for this action. The announcement was signed by Mariam Jowhary, the Head of Compliance & AML.

On March 11, 2024, GFH Financial Group B.S.C. announced the sale of 40,777,778 of its treasury shares, which represents 1.06% of its total issued shares, to a strategic investor. This sale reduces the total number of treasury shares held by the company to 57,969,050, representing 1.51% of the total shares. The announcement was made by Mariam Jowhary, the Head of Compliance & AML.

The GFH Financial Group has announced that it has acted as a Joint Lead Manager and bookrunner for the successful issuance of a $500 million 5-year sukuk by Arabian Centers Company (Cenomi Centers), Saudi Arabia's largest shopping mall owner, developer, and operator. This investment is expected to positively impact the Group's financials and increase their returns.

The GFH Financial Group B.S.C. has announced that it is currently in discussions to acquire the financing and investment portfolios of Ithmaar Holding B.S.C. This transaction is subject to due diligence and regulatory approval. The financial impact of the acquisition is expected to be positive and significant, and it is anticipated to increase the returns for the group.

The GFH Financial Group B.S.C. has announced a board meeting scheduled for 14th May 2024. The meeting will start at 2 p.m. according to the Kingdom of Bahrain's time. The agenda of the meeting includes discussing the financial results for the first quarter of 2024 and other internal matters. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.

The GFH Financial Group B.S.C. has announced the nomination results for the membership of its Board of Directors (BOD). This follows the announcement issued on January 25, 2024, regarding the opening of nominations for 10 seats on the board for a new term of three years (2024-2027). The list of nominees includes 18 individuals who have met all the conditions and requirements for nomination. The names of the nominees are as follows: Ghazi Faisal Al Hajeri, Idris Mohammed Al Rufai, Hisham Ahmed Al Rayes, Ali Murad Ali, Rashid Nasser Al Kaabi, Darwish Abdullah Al Ketbi, Dr. Yusuf Abdullah Taqi, Talal Fawaz Al Tamimi, Abdulhamid Abdulaziz Al Basam, Abdullah Jihad Al Zain, Sheikha Manwa bint Ali bin Khalifa Al Khalifa, Dr. Zafar Rashid Al Jalahma, Shaima Tahami Abdulmotalib, Dr. Nasser Salah Boresli, Sushil Kumar Rajmal Jain, Khalid Abdullah Hisham, Prince Mahmoud Abdel Razek, and Monira Ansa Al Buainain.

GFH Financial Group has signed an agreement with Southern Star Investments W.L.L. to sell part of GFH's ownership in Khaleeji Bank's Additional Tier 1 Certificates. The nominal value of the sale is USD 74,962,912. Following regulatory approval and conversion, Southern Star Investments will own 282,610,178 ordinary shares, representing 25% of the issued and paid-up capital of Khaleeji Bank BSC. The transaction is expected to have a positive impact on GFH's financials and increase returns for the group.

On 05/03/2024, GFH Financial Group B.S.C. (Trading Code GFH) announced the sale of 95,989,635 of its treasury shares, representing 2.5% of its total issued shares, to Vandik W.L.L. Following this transaction, the total number of treasury shares held by GFH will be 123,115,501, representing 3.21% of its total shares. The announcement was made by Mariam Jowhary, the Head of Compliance & AML at GFH Financial Group.

On 5th March 2024, GFH Financial Group B.S.C. announced the sale of 134,287,812 of its treasury shares, representing 3.5% of its total issued shares, to Southern Star Investments W.L.L. After this sale, the total number of treasury shares held by GFH will be 219,105,136 shares, which represents 5.72% of the total issued shares. The announcement was made by Mariam Jowhary, the Head of Compliance & AML at GFH Financial Group.