GFH Financial Group Expands Treasury Shares
GFH Financial Group B.S.C. has announced the acquisition of additional treasury shares, reflecting a strategic move in their investment approach.
Summary
GFH Financial Group has increased its treasury shares by acquiring 4.73 million shares, raising its total holding to 8.71% of issued shares.
In a strategic move aimed at strengthening its financial position, GFH Financial Group B.S.C., a leading financial institution in the GCC region, has announced the acquisition of 4,730,000 of its own shares, known as treasury shares. This purchase increases the company's total treasury shares to 333,760,623, representing 8.71% of the total issued shares, up from 8.59%.
The decision, approved by the board of directors on February 16, 2025, and executed on March 14, 2025, was made at an average purchase price of 0.3124 USD per share. This move is part of GFH's broader strategy to enhance shareholder value and optimize its capital structure.
Treasury shares are often acquired by companies to reduce the number of outstanding shares on the market, which can improve earnings per share and return on equity. For GFH, this acquisition is a testament to its robust financial health and confidence in its long-term growth prospects.
Headquartered in Bahrain, GFH has a diversified portfolio spanning investment management, commercial banking, and proprietary investments, with strategic interests in the US, Europe, and the UK. The company's innovative approach to Islamic investment banking has garnered international recognition, making it a prominent player on the Bahrain Bourse, Boursa Kuwait, Dubai Financial Market, and Abu Dhabi Securities Exchange.
Looking forward, GFH's decision to increase its treasury shares is a positive indicator of its financial stability and growth potential. For investors, this move suggests a potential increase in shareholder value and a strong commitment to delivering long-term returns.
Given these developments, investors might consider holding their positions in GFH Financial Group. The company's strategic initiatives and solid financial footing provide a promising outlook for future growth.
Source
Summary
GFH Financial Group has announced the purchase of 4,730,000 treasury shares, increasing its total treasury shares from 329,030,623 (8.59% of total issued shares) to 333,760,623 (8.71% of total issued shares) as of March 14, 2025. The decision was made at a board meeting on February 24, 2025, with approval from the relevant authority on February 16, 2025. The average purchase price was 0.3124 USD per share, and the purchased shares represent 0.123% of the issued capital. There are 49,498,760 shares remaining for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.
