GFH Financial Group B.S.C

The text provides information about the GFH Financial Group BSC, which is a Bahrain-based Islamic wholesale bank. The bank's commercial registration number is 44136, and it is registered with the Central Bank of Bahrain. Its registered office is located on the 2nd floor of Harbor House, Building Number 1436, Block: 346, Road: 4626 in Manama, Kingdom of Bahrain. Abdulmohsen Rashed Alrashed will serve as Chairman from March 2024, while Hisham Ahmed Alrayes is the current CEO. Other directors include Ghazi Faisal Ebrahim Alhajeri, Ali Murad, Darwish Al Ketbi, Fawaz Talal Al Tamimi, Rashid Nasser Al Kaabi, and several others serving terms until or beginning in March 2024. The auditors for the group are KPMG Fakhro.

On May 14, 2024, GFH Financial Group held a Board of Directors meeting at 2:00 pm, Bahrain time. The meeting focused on two key points: the financial results for the first quarter of 2024, ending on March 31st, and other internal matters. The financial results for Q1 2024 are attached.

On May 14, 2024, GFH Financial Group B.S.C. (trading code GFH) announced a webcast for the financial results of the first quarter of 2024 ending March 31. Shareholders and investors are invited to attend the webcast which is scheduled for May 15, 2024, at 01:00 pm Bahrain time. The announcement was signed by Mariam Jowhary, the Head of Compliance & AML.

The announcement made on 09/05/2024 by GFH Financial Group B.S.C. (GFH) informs shareholders that the company has acquired 12.346% of the shares of Seef Properties B.S.C. The transaction is expected to have a positive impact on the group's financials. The announcement was signed by Mariam Jowhary, Head of Compliance & AML. No previous relevant disclosures were mentioned.

On 09/05/2024, GFH Financial Group B.S.C. announced a reduction in its ownership of Khaleeji Bank B.S.C. The company sold 6.11% of its shares in the bank, bringing its total ownership down to 57.96%. The financial impact of this transaction is expected to be nil, and there were no previous relevant disclosures. The announcement was made by Mariam Jowhary, Head of Compliance & AML at GFH Financial Group B.S.C.

The GFH Financial Group has announced that it has purchased 2,000,000 of its own shares (treasury shares), increasing its total holding of treasury shares from 281,729,510 (7.35% of total issued shares) to 283,729,510 (7.40% of total issued shares) as of May 7, 2024. The decision to purchase was made by the company's board of directors in September 2021, with approval from the Authority in April 2024. The average purchase price was 0.283 USD, representing 0.052% of the issued capital. There are 99,529,873 shares remaining for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

On 06/05/2024, GFH Financial Group B.S.C. announced that it is in ongoing discussions to acquire Ithmaar Holding B.S.C.'s financing and investment portfolios. The transaction structure and definitive documents are being finalized. Ithmaar is arranging an Extraordinary General Meeting (EGM) for shareholder approval. The discussions are subject to due diligence and regulatory approvals, and shareholders will be regularly updated on any further developments.

GFH Financial Group has announced the acquisition of 1,100,000 of its own shares (treasury shares), increasing its total holding from 280,629,510 shares (7.32% of the total issued shares) to 281,729,510 shares (7.35% of the total issued shares) as of May 3, 2024. The decision to purchase was made by the company's board of directors in September 2021, with the Authority's approval granted in April 2024. The average purchase price was $0.302 USD per share, representing 0.029% of the issued capital. After this purchase, the number of shares remaining for purchase is 101,529,873.

GFH Financial Group announced on 1st May 2024 that it has acquired an additional 27,112,532 of its own shares (treasury shares), bringing its total holding of treasury shares from 253,516,978 (6.61% of total issued shares) to 280,629,510 (7.32% of total issued shares). The decision to purchase these shares 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 0.297 USD per share, representing 0.707% of the issued capital. The company still has the capacity to purchase an additional 102,629,873 shares.

GFH Financial Group B.S.C. has announced the purchase of 38,662,943 of its own shares (treasury shares) as of 30th April 2024. This acquisition increases the total holding of treasury shares from 214,854,035 (5.61% of total issued shares) to 253,516,978 (6.61% of total issued shares). The decision to purchase was made in a board meeting in September 2021, with approval from the Authority in April 2024. The average purchase price was 0.297 USD per share, representing 1.009% of the issued capital. There are still 129,742,405 shares remaining for purchase.