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

GFH Financial Group B.S.C. announced that it has purchased 9,890,113 of its own shares (treasury shares), increasing its total treasury shares from 199,863,664 (5.21% of total issued shares) to 209,753,777 (5.47% of total issued shares) as of May 31, 2024. The decision to purchase was made during the board meeting on March 24, 2024, and received approval from the relevant authority on May 29, 2024. The average purchase price was 0.3050 USD per share. There are 173,505,606 shares remaining for future purchase. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.

GFH Financial Group announced the purchase of 11,949,000 of its own shares (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 decision was made by the company's board on March 24, 2024, and approved by the authority on May 29, 2024. The average purchase price was 0.2989 USD per share, and the percentage of shares purchased from the issued capital was 0.312%. The remaining shares available for purchase are 183,395,719. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.

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, following a resolution passed at the Ordinary General Meeting on March 24, 2024. The share repurchase will commence on May 30, 2024. The announcement was made by Mariam Jowhary, Head of Compliance and AML, and bears the company seal.

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

On 19/05/2024, GFH Financial Group B.S.C. (Trading Code: GFH) announced that it has halted the purchase of its shares (treasury shares). The decision was made for the purpose of executing a sale transaction with a strategic buyer. The expected financial impact of this decision is nil. The announcement was made by Mariam Jowhary, the Head of Compliance & AML at GFH Financial Group.

On 15th May 2024, GFH Financial Group B.S.C. (Trading Code: GFH) announced the successful completion of its webcast for the first quarter 2024 financial results. The live webcast session was held at 1:00 p.m. Kingdom of Bahrain time. The announcement followed GFH's market notification dated 14th May 2024, inviting shareholders and investors to attend the webcast. The presentation discussed during the session and the script of the live webcast were attached in the announcement. The information was provided by Mariam Jowhary, Head of Compliance & AML at GFH Financial Group B.S.C.

GFH has reported a 13.03% increase in net profit attributable to shareholders in Q1 2024, amounting to US$27.14 million. The growth was supported by contributions from the group's subsidiaries, associates, and investments. The group saw strong growth in investment banking, with income of US$46.2 million for the quarter. It also made partial exits from proprietary investments, including real estate, and sold 25% of Khaleeji Bank to strategic investors. The group's Treasury and proprietary investments portfolio also contributed significantly to the growth. GFH was named the "World's Best Islamic Investment Bank 2024" by the Global Finance Awards and extended its partnership with the FII Institute for another three years.