GFH Financial Group B.S.C.

GFH Financial Group has announced the acquisition of 28,556,375 of its own shares (treasury shares). This purchase increases the total holding of treasury shares from 240,009,090 (6.26% of total issued shares) to 268,565,465 (7.01% of total issued shares) as of 26th March 2024. The decision to purchase was taken in a board meeting in September 2021 and approved by the authority in March 2024. The average purchase price was USD 2980. The purchased shares represent 0.745% of the issued capital.

The GFH Financial Group B.S.C. has announced the purchase of 16,190,029 treasury shares, increasing its total holding from 223,819,061 (5.84% of total issued shares) to 240,009,090 shares (6.26% of total issued shares) as of 25th March 2024. The decision to purchase was made in a board meeting in September 2021 and approved by the authority in March 2024. The shares were bought at an average price of 1300 USD, representing 0.422% of the issued capital.

The GFH Financial Group held its Annual General Meeting (AGM) on 25th March 2024, where shareholders approved a 6.2% cash dividend on the nominal value of all ordinary shares, excluding treasury shares. An allocation of $3 million from retained earnings was approved for obligatory Zakat, with shareholders responsible for the remaining amount due. Other approvals included the minutes of the previous meeting, the Board of Directors' 2023 business report, the 2023 consolidated financial statements, the Sharia Supervisory Board's report, and the external auditor's report. The AGM also confirmed the appointment and reappointment of the group's external auditors for 2024 and authorized the group to repurchase up to a certain amount of shares.

The GFH Financial Group B.S.C. held its Annual General Meeting on 24th March 2024, with a quorum of 37.59%. The meeting was chaired by Mr. Ghazi Al Hajeri. The agenda items approved during the meeting included the minutes of the previous meeting, the Board of Directors' report, the Sharia Supervisory Board's report, the external auditor's report, and the consolidated financial statements for the year ended 31 December 2023. The Board recommended allocating the net profit of 2023 as follows: carrying forward $10,522,700 to the statutory reserve, allocating $3,000,000 from net value of the Zakat owed from retained earnings, distributing cash dividends of 6.2% of the nominal value of all the ordinary shares (excluding treasury shares), and transferring $26,340,300 to retained earnings.

On 24th March 2024, GFH Financial Group B.S.C. announced that it has purchased 235,000 of its own shares, known as treasury shares. This acquisition increases the total holding of treasury shares from 223,584,061 (representing 5.83% of the total issued shares) to 223,819,061 (representing 5.84% of the total issued shares). The decision to purchase the treasury shares was made during a board of directors meeting in September 2021 and received approval from the authority in March 2024. The average purchase price was 4300 USD per share. The purchased shares represent 0.06% of the issued capital.

GFH Financial Group announced on 22 March 2024 that it has acquired an additional 16,091,447 of its own shares (treasury shares), increasing its total treasury shares from 207,492,614 (5.41% of total issued shares) to 223,584,061 (5.83% of total issued shares). The decision to purchase was taken in a board meeting in September 2021, with authority approval given in March 2024. The shares were purchased at an average price of USD 0.0300.

On March 19, 2024, GFH Financial Group B.S.C. announced that it has purchased 4,504,430 of its own shares (treasury shares). This acquisition increases the total holding of treasury shares from 170,452,781 (representing 4.45% of the total issued shares) to 171,182,781 (representing 4.47% of total issued shares). The decision to purchase was made during the company’s board meeting in September 2021, and the authority approved the purchase in March 2024. The shares were purchased at an average price of 8820 USD each. The purchased shares represent 0.118% of the issued capital.

The GFH Financial Group B.S.C. has announced the acquisition of 11,335,345 of its own shares, also known as treasury shares, on 18th March 2024. This purchase has increased the total holding of treasury shares from 159,117,436 (4.15% of the total issued shares) to 170,452,781 (4.45% of total issued shares). The decision to purchase was taken in a board meeting in September 2021, and the authority approval for the purchase was given on 11th March 2024. The average purchase price was USD 5820 per share.

The Ordinary General Meeting of GFH Financial Group, scheduled for 17th March 2024, did not meet the required quorum as only 25.68% was achieved. Therefore, a second meeting has been scheduled for 24th March 2024 at 9:30 pm at GFH House, Bahrain Financial Harbour - Sea Front. Due to the postponement, the dividend distribution dates have been updated. The General Meeting Date is now 24th March 2024, Cum-Dividend Date is 1st April 2024, Ex-Dividend Date is 2nd April 2024, Record Date for Bahrain Bourse, Dubai Financial Market and Abu Dhabi Securities Exchange listed shares is 3rd April 2024, Record Date for Boursa Kuwait listed shares is 4th April 2024, and Payment Date is 16th April 2024. These dates are subject to the quorum being met on the meeting date. The acceptance of requests for share transfers across all financial markets will be suspended for a period of four days between the “Cum-Dividends Date” and the “Record Date at Boursa Kuwait”.

The GFH Financial Group has announced that the Ordinary General Meeting scheduled for 17th March 2024 did not meet the required quorum, with participation reaching only 25.68%. As a result, the meeting has been rescheduled for 24th March 2024. The updated dividend distribution dates, subject to the meeting quorum being met, are as follows: General Meeting Date on 24th March 2024, Cum-Dividend Date on 1st April 2024, Ex-Dividend Date on 2nd April 2024, Record Date for Bahrain Bourse, Dubai Financial Market and Abu Dhabi Securities Exchange listed shares on 3rd April 2024, Record Date for Boursa Kuwait listed shares on 4th April 2024, and Payment Date on 16th April 2024. The acceptance of requests for share transfers across all financial markets will be suspended for four days between the Cum-Dividend Date and the Record Date at Boursa Kuwait.