GFH Financial Group Increases Treasury Share Holdings
GFH Financial Group B.S.C. has announced the purchase of additional treasury shares, further solidifying its market position.
Summary
GFH Financial Group has acquired 1,681,403 treasury shares, increasing its total holding to 4.38% of issued shares. This strategic move indicates confidence in its financial stability.
In a strategic move that underscores its confidence in its financial robustness, GFH Financial Group B.S.C., a prominent Islamic Wholesale Bank headquartered in the Kingdom of Bahrain, has announced the acquisition of an additional 1,681,403 treasury shares. This acquisition raises its total treasury shareholding from 166,093,547, accounting for 4.33% of the total issued shares, to 167,774,950, representing 4.38% of the total issued shares as of March 27, 2025.
The decision to increase its treasury shares was made during a board of directors meeting on March 24, 2025, following approval from the relevant authority on February 16, 2025. The average purchase price for these shares was 0.3022 USD, reflecting a calculated investment in its own equity.
Treasury shares are often seen as a vote of confidence by a company in its own future prospects. By repurchasing shares, GFH Financial Group not only signals its strong financial health but also aims to optimize its capital structure. This move may lead to an increase in earnings per share (EPS) and potentially enhance shareholder value over time.
As GFH Financial Group continues to expand its strategic investments across the GCC, the US, Europe, and the UK, this acquisition aligns with its long-term vision of growth and stability. The financial group, listed on four major stock exchanges in the GCC, including the Bahrain Bourse, Boursa Kuwait, Dubai Financial Market (DFM), and Abu Dhabi Securities Exchange (ADX), remains a key player in the financial sector.
Considering the current market conditions and GFH Financial Group's strategic maneuvers, it would be prudent for investors to hold their positions. The company's decision to increase its treasury shares is a positive indicator of its confidence in its financial trajectory, making it a potentially rewarding investment in the long run.
Source
Summary
GFH Financial Group announced that it has purchased 1,681,403 treasury shares, increasing its total treasury shares from 166,093,547 (4.33% of total issued shares) to 167,774,950 (4.38% of total issued shares) as of March 27, 2025. The decision to purchase was made during a board meeting on March 24, 2025, and was approved by the relevant authority on February 16, 2025. The average purchase price was 0.3022 USD per share. There are 215,484,433 shares remaining for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.
