GFH Financial Group Boosts Treasury Shares
GFH Financial Group announces the acquisition of 400,000 treasury shares, increasing its total holdings.
Summary
GFH Financial Group has increased its treasury shares by purchasing 400,000 additional shares, raising its total holdings to 7.77% of issued shares.
On March 10, 2025, GFH Financial Group B.S.C. announced the acquisition of 400,000 treasury shares, increasing its total treasury holdings from 297,324,647 shares to 297,724,647 shares. This move elevates their treasury shares from 7.76% to 7.77% of the total issued shares.
This strategic decision, approved by the company’s board of directors on February 16, 2025, and executed at an average purchase price of 0.3122 USD per share, reflects GFH’s commitment to enhancing shareholder value. The acquisition represents 0.010% of the issued capital, indicating a calculated approach to strengthening its financial position.
GFH Financial Group, established in 1999, is a prominent player in the GCC region's financial sector, with a diversified portfolio spanning investment management, commercial banking, and treasury and proprietary investments. The group is listed on major GCC stock exchanges, including the Bahrain Bourse, Boursa Kuwait, Dubai Financial Market, and Abu Dhabi Securities Exchange.
The purchase of treasury shares can be interpreted as a signal of confidence from the company's management in its future prospects. By reducing the number of shares available in the market, GFH potentially increases the value of remaining shares, benefiting existing shareholders.
However, investors should consider the broader market conditions and GFH’s strategic plans before making any investment decisions. While the buyback indicates a positive outlook, it is essential to analyze other financial metrics and market trends.
Given the current information, holding GFH shares could be a prudent decision for investors. The company’s strategic moves and established presence in the financial sector suggest stability, but market dynamics and future announcements should be monitored closely.
Source
Summary
GFH Financial Group announced on March 10, 2025, that it has purchased 400,000 treasury shares, increasing its total treasury shares from 297,324,647 (7.76% of total issued shares) to 297,724,647 (7.77% of total issued shares). The decision to purchase these shares was made during a board meeting on March 24, 2024, and received authority approval on February 16, 2025. The average purchase price was 0.3122 USD per share, and the purchased shares represent 0.010% of the issued capital. There are 85,534,736 shares remaining for future purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.
