Press releases, Reports & Disclosures for GFH Financial Group B.S.C

GFH Financial Group B.S.C. announced that its global asset management arm, GFH Partners Limited, based in the Dubai International Financial Centre, has successfully launched and closed its seventh investment fund focused on logistics and industrial assets in the United States. This investment is expected to positively impact the Group’s financial statements and increase returns. For more details, refer to the attached release. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

GFH Financial Group B.S.C. announced on July 4, 2024, that it has sold 191,629,692 treasury shares, representing 5% of its total issued shares, to Mr. Ahmad Bin Mohammad Al Qassimi. Following this sale, the total number of treasury shares held by the group is 58,800,890, representing 1.53% of the total shares. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

On 4th July 2024, GFH Financial Group B.S.C announced a substantial shareholder transaction involving its shares. The transaction details are as follows: Mr. Ahmad Bin Mohammad Al Qassimi conducted a transaction on the specified date, purchasing 191,629,692 shares, resulting in his ownership reaching 5%. This information was communicated to the Bahrain Bourse, Dubai Financial Market, Boursa Kuwait, and Abu Dhabi Securities Exchange. The announcement was signed by Mariam Jowhary, Head of Compliance & AML, and included the company seal.

On July 2, 2024, GFH Financial Group B.S.C. announced that following unusual trading activity of its shares in Boursa Kuwait, there is no additional material information that has not already been disclosed to the markets. This announcement is made in compliance with the directives of Boursa Kuwait and the provisions of Article 4-5 of Module 10 (Disclosures and Transparency) of the Capital Markets Authority (Kuwait) Executive Regulations of Law No. 7 of 2010. The announcement was signed by Mariam Jowhary, Head of Compliance and AML.

GFH Financial Group B.S.C. announced that its Board of Directors will hold a meeting on Monday, 12th August 2024, at 2 p.m. Bahrain time. The agenda includes reviewing the financial results for the second quarter of 2024 and other internal matters. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

GFH Financial Group B.S.C. and Ithmaar Holding B.S.C. have announced ongoing discussions regarding GFH's potential acquisition of Ithmaar’s financing and investment portfolios. Ithmaar's shareholders approved the proposed transaction during an Extraordinary General Meeting on May 29, 2024, and authorized the Board of Directors to finalize the transaction's structure, terms, and documents. GFH is currently conducting due diligence and will provide periodic updates to shareholders.

On June 6, 2023, GFH Financial Group B.S.C. (trading code: GFH) announced that Arqaam Capital has issued an analyst coverage report on GFH shares. The report is attached to the announcement. Any recommendations, estimates, forecasts, or opinions provided by third-party analysts are for informational purposes only and represent the analysts' views. These recommendations do not constitute an endorsement, opinion, forecast, forward-looking statement, or financial advice by GFH Financial Group. The recommendations are subject to continuous review and may change. There is no expected financial impact from this announcement. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.

GFH Financial Group B.S.C. announced on 06/06/2024 that it has received significant recognition for its outstanding performance in the financial sector. The group secured the 5th position in Forbes' Top 30 Asset Managers 2024 list and was named the World's Best Islamic Investment Bank by Global Finance for the second consecutive year. No expected financial impact was noted. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.