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

GFH Financial Group has announced the acquisition of 13,820,630 of its own shares, also known as treasury shares. This purchase increases the total holding of treasury shares from 201,033,405, which is 5.25% of the total issued shares, to 214,854,035, representing 5.61% of total issued shares as of 29th April 2024. The decision to purchase was made by the company's board of directors in September 2021 and approved by the Authority in April 2024. The average purchase price was USD 2910. The number of shares remaining for purchase is 168,405,348.

On 28th April 2024, GFH Financial Group B.S.C. announced that it has purchased 429,316 of its own shares (treasury shares), increasing its total holding of treasury shares from 200,604,089 (5.23% of total issued shares) to 201,033,405 (5.25% of total issued shares). The decision to purchase was made by the company's board of directors in September 2021 and approved by the authority in April 2024. The average purchase price was 0.28 USD, representing 0.011% of the issued capital. After this purchase, the number of shares remaining for purchase is 182,225,978. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.

GFH Financial Group B.S.C. announced on 26/04/2024 that it has purchased 16,763,304 of its own shares (treasury shares), increasing its total holding of treasury shares from 183,840,785 (representing 4.80% of total issued shares) to 200,604,089 (representing 5.23% of total issued shares). The decision to purchase was made by the company's board of directors in September 2021, received approval from the Authority in April 2024, and was executed on 26th April 2024. The average purchase price was 0.283 USD per share. The shares purchased represent 0.437% of the issued capital. After this purchase, there are 182,655,294 shares remaining for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML at GFH Financial Group.

GFH Financial Group B.S.C. announced on 25th April 2024 that it has purchased 1,791,203 of its own shares (treasury shares). This acquisition increases the company's total treasury shares from 182,049,582 (representing 4.75% of total issued shares) to 183,840,785 (representing 4.80% of total issued shares). The decision to purchase was made during a board meeting in September 2021 and the authority's approval for the purchase was given in April 2024. The shares were bought at an average price of 0.272 USD, representing 0.047% of the issued capital. The number of shares remaining for purchase is 199,418,598. The announcement was signed by Mariam Jowhary, the Head of Compliance & AML.

On April 24, 2024, GFH Financial Group B.S.C. announced that, following the Ordinary General Meeting’s resolution on March 24, 2024, it has received approval from the Central Bank of Bahrain (CBB) to repurchase up to 10% of its total issued shares (treasury shares). The repurchasing process will commence on April 25, 2024. The announcement was made by Mariam Jowhary, the Head of Compliance & AML of the company.

The GFH Financial Group B.S.C. has announced the appointment of Mr. Nabeel Kanoo as a Board member in its subsidiary, GFH Partners. The announcement was made on 20/04/2024 under the trading code GFH. Further details can be found in the attached release. The announcement was signed by Mariam Jowhary, the Head of Compliance & AML.

The GFH Financial Group B.S.C. (GFH) and Ithmaar Holding B.S.C. (Ithmaar) have released an announcement stating that they are in ongoing discussions for GFH to acquire Ithmaar's financing and investment portfolios. The structure of the transaction is still being finalized and is subject to due diligence and regulatory approvals. The companies will keep shareholders informed of any further developments. The transaction is expected to have a positive and significant impact on GFH's financials and increase the returns for the group.

The GFH Financial Group B.S.C has issued an announcement regarding the results of their Annual General Meeting (AGM). The attached documents include the minutes of the AGM with an attendance quorum of 37.59%, a report on the quorum of the AGM, a voting report on the agenda items of the AGM, and observations received from shareholders or their representatives. This follows a previous disclosure made by the company on March 25, 2024. The announcement is signed by Mariam Jowhary, the Head of Compliance & AML.

On 1st April 2024, GFH Financial Group B.S.C. announced the sale of 157,815,208 of its treasury shares, representing 4.12% of its total issued shares, to Aljomaih Holding Company and other strategic investors. Following this sale, the total number of treasury shares held by GFH Financial Group will be 182,049,582 shares, representing 4.75% of the total issued shares. The announcement was made by Mariam Jowhary, the Head of Compliance & AML at GFH Financial Group.

The GFH Financial Group has announced the completion of investments totaling $450 million in the US real estate sector between Q4 2023 and Q1 2024. The company expects this investment to have a positive impact on its financials and increase returns for the group. For more details, refer to the attached release. The announcement was made by Mariam Jowhary, Head of Compliance & AML.