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

About GFH Financial Group B.S.C.

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 from GFH Financial Group B.S.C.

GFH Financial Group B.S.C. has announced a Board of Directors meeting scheduled for Thursday, 13 February 2025, at 2 p.m. Bahrain time. The meeting agenda includes discussing the financial results for the year ending 31 December 2024, along with other internal matters. The announcement was made by Mariam Jowhary, Head of Compliance and AML, and includes the company seal.
On December 5, 2024, GFH Financial Group B.S.C. announced its treasury shares and liquidity providing activities for November 2024, in compliance with the Central Bank of Bahrain's requirements for monthly disclosure. The activities involved liquidity transactions by GFH’s providers, SICO in Bahrain Bourse, and BHM Capital in the Dubai Financial Market and Abu Dhabi Securities Exchange. As of November 30, 2024, GFH held 241,263,416 treasury shares, representing 6.30% of its total outstanding shares. In the Bahrain Bourse, SICO purchased 2,150,558 securities and sold 783,650 securities, with total payments of USD 723,524 and receipts of USD 264,861.
GFH Financial Group B.S.C. announced that its global asset management division, GFH Partners Limited, based in the Dubai International Financial Centre, has successfully acquired A-Class student housing assets in the United States valued at $300 million. This investment is expected to have a positive impact on the Group's financials and increase its returns.
GFH Financial Group B.S.C. and Ithmaar Holding B.S.C. are currently engaged in ongoing discussions and negotiations for GFH to acquire Ithmaar's financing and investment portfolios. This acquisition is subject to regulatory approvals. Shareholders will be regularly updated on any further developments. The expected financial impact of the acquisition will be disclosed in due course. Previous announcements related to this matter were made on several dates throughout 2024. The announcement was made by Mariam Jowhary, Head of Compliance and AML.
GFH Financial Group has announced that it has entered into definitive agreements with the Saudi Education Fund (SEF), managed by EFG Hermes, to acquire Britus Education. Britus Education is a leading K-12 education platform operating international schools in the GCC and MENA regions, with a market value exceeding USD 200 million. The portfolio includes four schools in Saudi Arabia, two in the UAE, and one in Bahrain, with a total capacity of approximately 12,000 students and about 8,000 currently enrolled. This investment is expected to positively impact GFH's financials and increase the Group's returns. The announcement was made by Mariam Jowhary, Head of Compliance and AML.
GFH Financial Group B.S.C. announced the successful completion of their webcast for the third quarter financial results of 2024. The webcast was held on November 13, 2024, at 1:00 p.m. Bahrain time. The presentation and script from the session are available for review. The announcement was made by Mariam Jowhary, Head of Compliance and AML.
GFH Financial Group B.S.C. announced that its Board of Directors held a meeting on Tuesday, November 12, 2024, at 2:00 pm Bahrain time. During the meeting, they discussed and approved the financial results for the third quarter of 2024, ending on September 30, 2024, along with other internal matters. The financial results for the third quarter of 2024 are attached. The announcement was made by Mariam Jowhary, Head of Compliance & AML.
On November 7, 2024, GFH Financial Group B.S.C. announced details of its market-making activities for October 2024, in compliance with the Central Bank of Bahrain's requirements for monthly disclosures by listed companies. The market-making transactions were conducted by GFH's liquidity providers: SICO on the Bahrain Bourse, and BHM Capital on the Dubai Financial Market and Abu Dhabi Securities Exchange. As of October 31, 2024, GFH held 207,500,896 treasury shares, representing 5.4% of the Group's total outstanding shares. During October, SICO purchased 371,469 securities and sold 1,030,750 securities on the Bahrain Bourse, with total payments of USD 124,831 and total receipts of USD 345,215.

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Dubai Financial Market News

Dubai Financial Market News

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

Disclosure: Press release

GFH Financial Group B.S.C. announced a partnership with Infracorp and Kempinski to launch the Harbour Heights Kempinski Hotel and exclusive branded residences, coinciding with the Gateway Gulf Forum 2024. This investment is expected to have a positive impact on the group's financials and increase returns. The announcement was made by Mariam Jowhary, Head of Compliance and AML. Further details are available in the attached release.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

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

Disclosure: Press release

GFH Financial Group B.S.C. announced a strategic partnership with Panattoni Saudi Arabia to develop 500,000 square meters of modern logistics facilities in Saudi Arabia. This investment is expected to positively impact the Group's financials and increase its returns. The announcement was made by Mariam Jowhary, Head of Compliance and AML, and bears the company seal. Further details are available in the attached release.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

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

Disclosure: Press release

GFH Financial Group B.S.C. announced the signing of a preliminary agreement with Gulf Warehousing Company (GWC), a leading logistics provider in the GCC. The collaboration aims to support GWC's expansion by developing 200,000 square meters of Grade 'A' logistics facilities in key locations across Saudi Arabia, including Riyadh, Jeddah, and Dammam. This investment is expected to have a positive impact on GFH's financial statements and increase the Group's returns. The announcement was made by Mariam Jowhary, Head of Compliance and AML.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

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

Disclosure: Press release

GFH Financial Group B.S.C. announced the launch of its innovative investor mobile application during the Future Investment Initiative (FII) in Riyadh, Saudi Arabia. The investment is expected to have a positive impact on the group's financial performance and increase its returns. The announcement was made by Mariam Jowhary, Head of Compliance and AML.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

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

Disclosure: GFH’s SUKUK achieves higher orderbook to issue US$500 Sukuk

GFH Financial Group announced the successful pricing of a US$500 million five-year Sukuk, as part of its international Sukuk program. The final orderbook exceeded US$2 billion, indicating an oversubscription of over four times. This issuance was priced approximately 240 basis points tighter than GFH's previous 2020 issuance, relative to the US Treasury benchmark. Over 50% of the issuance was allocated to international investors, with the remainder going to regional and local investors. The transaction is expected to have a positive impact on the company's financials and increase returns. The announcement was made by Mariam Jowhary, Head of Compliance and AML.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

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

Disclosure: Update on the Progress of the Discussions to Acquire Ithmaar’s Financing and Investment Portfolios

GFH Financial Group B.S.C. and Ithmaar Holding B.S.C. are currently in negotiations for GFH to acquire Ithmaar's financing and investment portfolios, pending regulatory approvals. Shareholders will be regularly updated on any developments. The expected financial impact will be disclosed in due course. Previous announcements regarding these discussions were made on March 6, April 7, May 6, June 6, and September 19, 2024. The announcement was made 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: Minutes of the Ordinary General Meeting

On October 14, 2024, GFH Financial Group B.S.C. announced the results of their Ordinary General Meeting held on October 9, 2024. The meeting was attended by a quorum of 39.14%. Attached to the announcement are the minutes of the meeting, a report on the quorum, a voting report on the agenda items, and observations from shareholders or their representatives. The announcement was made by Mariam Jowhary, the Head of Compliance & AML, and includes the company seal.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

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

Disclosure: CMA issued a license for GFH Capital in Kuwait

GFH Financial Group B.S.C. announced that the Capital Markets Authority in Kuwait has issued a license for GFH Capital Kuwait to operate as a Subscription Agent, effective from October 10, 2024. This new development is expected to expand GFH's geographic presence and client base, and positively impact its placement activities and returns. The announcement was made 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: Resolutions of General Assembly

The ordinary general meeting of GFH Financial Group B.S.C. was held on October 9, 2024, via visual communication, chaired by Mr. Hisham Alrayes. The meeting achieved a quorum of 39.14% attendance. During the meeting, several resolutions were approved: 1. The minutes of the previous meeting from March 24, 2024, were approved. 2. The Board's recommendation to establish a Sukuk Programme valued at up to USD 500 million through a Special Purpose Vehicle (SPV) was approved, contingent on obtaining necessary regulatory approvals. Shareholders also approved the issuance of Sukuk up to USD 500 million in one or more tranches. 3. Modifications to the terms and conditions of the existing USD 500 million Sukuk due in 2025 were approved, including an offer for early redemption of the outstanding certificates. 4. The Board of Directors was authorized to undertake necessary actions for executing the Sukuk Programme and Offer, which includes obtaining regulatory approvals, concluding agreements, and performing essential actions as per the agreements related to the Sukuk Programme and the Offer.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

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

Disclosure: GFH Financial Group Increases its Stake in Khaleeji Bank B.S.C

GFH Financial Group B.S.C. announced that it has increased its stake in Khaleeji Bank B.S.C. from 57.95% to 82.95%, a 25% increase, effective from September 30, 2024. This investment is expected to positively impact the Group's financials and increase its returns. The announcement was made by Mariam Jowhary, Head of Compliance and AML.

1. Attached Document