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

GFH Financial Group B.S.C. announced that it has purchased 4,934,447 of its own shares, increasing its treasury shares from 247,955,206 (6.47% of total issued shares) to 252,889,653 (6.60% of total issued shares) as of February 26, 2025. The decision to purchase these shares was made by the company's board of directors on March 24, 2024, and received approval from the relevant authority on February 16, 2025. The average purchase price was USD 0.3225 per share, and the purchased shares represent 0.129% of the issued capital. There are 130,369,730 shares remaining for purchase. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.

GFH Financial Group has announced the purchase of 4,219,289 of its own treasury shares, increasing its total treasury shares from 243,735,917 (6.36% of total issued shares) to 247,955,206 (6.47% of total issued shares) as of February 25, 2025. The decision to purchase these shares was made during a board meeting on March 24, 2024, and received approval from the relevant authority on February 16, 2025. The average purchase price was 0.3243 USD per share, and the purchased shares represent 0.110% of the issued capital. There are 135,304,177 shares remaining for potential purchase. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.

GFH Financial Group announced the acquisition of 7,448,120 treasury shares, increasing its total treasury shares from 236,287,797 (6.17% of total issued shares) to 243,735,917 (6.36% of total issued shares) as of February 24, 2025. The decision was made at a board meeting on March 24, 2024, and approved by the relevant authority on February 16, 2025. The purchase was completed at an average price of 0.3220 USD per share, representing 0.194% of the issued capital. There are 139,523,466 shares remaining for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

GFH Financial Group B.S.C. is inviting its shareholders to the Annual and Extraordinary General Meeting on March 13, 2025, at GFH House, Bahrain Financial Harbour. If a quorum is not met, subsequent meetings are scheduled for March 20 and March 27, 2025. The agenda includes ratifying previous meeting minutes, discussing reports on the group's business activities, and approving the financial statements for 2024. The board recommends allocating profits, including transferring funds to reserves and distributing dividends. The meeting will also address remuneration for the board, corporate governance, transactions with related parties, share buybacks, and the appointment of external auditors. The Extraordinary General Meeting will focus on approving the issuance of financial instruments to improve capital ratios. Shareholders are advised to follow specific procedures to attend, including submitting proxy forms in advance. Special accommodations are available for individuals with special needs. For inquiries, shareholders can contact the Investor Relations Department.

On 16th February 2025, GFH Financial Group B.S.C. successfully conducted a live webcast to present its financial results for the year ending 31st December 2024. The webcast was held at 2:00 p.m. Bahrain time. This event followed a previous announcement made on 10th February 2025, inviting shareholders and investors to participate. The presentation and script from the session are available as attachments. The announcement was made by Mariam Jowhary, Head of Compliance and AML, and was officially sealed by the company.

GFH Financial Group B.S.C. announced the suspension of its market-making operations starting from February 17, 2025, to initiate a buyback of treasury shares, with a maximum limit of 10% of the Group's total issued shares. The Group has obtained approval from the Central Bank of Bahrain to commence the share buyback on February 24, 2025. The announcement was made by Mariam Jowhary, Head of Compliance and AML.

GFH Financial Group announced that its Board of Directors has approved an increase in the proposed cash dividend from 5.5% to 6.2% of the par value, which is equivalent to US$0.0164 per share, excluding treasury shares. This increase is subject to approval by the General Assembly. Additionally, the Board recommended implementing a semi-annual interim dividend distribution policy starting this year, pending regulatory approvals. The announcement was made by Mariam Jowhary, the Head of AML & Compliance.

GFH Financial Group B.S.C. has announced a webcast for its financial results for the year ending December 31, 2024. The webcast is scheduled for Sunday, February 16, 2025, at 1:00 pm Bahrain time. Shareholders and investors are invited to attend. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

GFH Financial Group B.S.C. announced details of its liquidity providing activities for January 2025, in accordance with the Central Bank of Bahrain's requirements for monthly disclosures by listed companies. The activities were conducted by liquidity providers SICO in the Bahrain Bourse, and BHM Capital in the Dubai Financial Market and Abu Dhabi Securities Exchange. As of the announcement date, GFH held 242,473,941 treasury shares, representing 6.33% of the Group’s total outstanding shares. In the Bahrain Bourse, SICO purchased 813,540 securities and sold 261,023 securities, with total payments amounting to USD 258,297 and total receipts totaling USD 82,946.