GFH Financial Group B.S.C.

The GFH Financial Group has announced the acquisition of 10,923,830 of its own shares (treasury shares), increasing its total holding from 148,193,606 shares (3.87% of total issued shares) to 159,117,436 shares (4.15% of total issued shares) as of 15th March 2024. The decision to purchase was made in a board meeting in September 2021, and the purchase was approved by the Authority in March 2024. The shares were purchased at an average price of USD 8720 each.

On 14th March 2024, GFH Financial Group announced that it has purchased 40,163,773 of its own shares (treasury shares). This acquisition increases the company's total holding of treasury shares from 108,029,833 (representing 2.82% of the total issued shares) to 148,193,606 (representing 3.87% of the total issued shares). The decision to purchase was taken during the company's board meeting in September 2021 and received approval from the Authority in March 2024. The average purchase price was USD 9420 per share, representing 1.048% of the issued capital.

On 14/03/2024, GFH Financial Group B.S.C announced the nomination results for the Membership of the Board of Directors (BOD) for the period of 2024-2027. The updated list of nominees who meet all the nomination requirements includes 19 individuals. The company has attached files for further information on the nominees.

On 13th March 2024, GFH Financial Group B.S.C. announced the purchase of 35,934,348 of its own shares (treasury shares), increasing its total holding from 72,095,485 shares (1.88% of total issued shares) to 108,029,833 shares (2.82% of total issued shares). The decision to purchase was made by the company's board of directors in a meeting in September 2021 and received approval from the Authority in March 2024. The average purchase price was $8220 per share, representing 0.938% of the issued capital.

GFH Financial Group has announced the acquisition of 14,126,435 of its own shares (treasury shares), increasing its total holding from 57,969,050 (1.51% of total issued shares) to 72,095,485 (1.88% of total issued shares) as of March 12, 2024. The decision to purchase was taken by the company's board of directors in September 2021, with authority approval obtained in March 2024. The average purchase price was USD 7020 per share.

The GFH Financial Group B.S.C. has announced that it will begin repurchasing its shares (treasury shares) from March 12, 2024. This decision is in line with the resolution made during the Ordinary General Meeting on October 14, 2021, which approved the repurchase of up to 10% of the group's total issued shares. The company has obtained approval from the Central Bank of Bahrain (CBB) for this action. The announcement was signed by Mariam Jowhary, the Head of Compliance & AML.

On March 11, 2024, GFH Financial Group B.S.C. announced the sale of 40,777,778 of its treasury shares, which represents 1.06% of its total issued shares, to a strategic investor. This sale reduces the total number of treasury shares held by the company to 57,969,050, representing 1.51% of the total shares. The announcement was made by Mariam Jowhary, the Head of Compliance & AML.

The GFH Financial Group has announced that it has acted as a Joint Lead Manager and bookrunner for the successful issuance of a $500 million 5-year sukuk by Arabian Centers Company (Cenomi Centers), Saudi Arabia's largest shopping mall owner, developer, and operator. This investment is expected to positively impact the Group's financials and increase their returns.

The GFH Financial Group B.S.C. has announced that it is currently in discussions to acquire the financing and investment portfolios of Ithmaar Holding B.S.C. This transaction is subject to due diligence and regulatory approval. The financial impact of the acquisition is expected to be positive and significant, and it is anticipated to increase the returns for the group.

The GFH Financial Group B.S.C. has announced a board meeting scheduled for 14th May 2024. The meeting will start at 2 p.m. according to the Kingdom of Bahrain's time. The agenda of the meeting includes discussing the financial results for the first quarter of 2024 and other internal matters. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.