GFH Financial Group B.S.C.

Logotype for GFH Financial Group B.S.C.
Ticker/ISIN
GFH
BH000A0CAQK6
Market/Country
Dubai Financial Market
United Arab Emirates

About GFH Financial Group B.S.C.

Country of Origin: Kingdom of Bahrain

GFH Financial Group B.S.C. has been establishment in 1999 in the Kingdom of Bahrain as an Islamic Wholesale Bank licensed by Central Bank of Bahrain. GFH is a well renowned financial group in the GCC region, with a diversified offering and pioneering track record in Investment Management;  Commercial Banking; and Treasury & Proprietary Investments across the GCC, with strategic investment in the US, Europe and UK. Headquartered in Bahrain, GFH’s innovative approach to Islamic investment banking services has been recognized internationally for over a decade. GFH is listed on four stock exchanges in the GCC, including the Bahrain Bourse, Boursa Kuwait, Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX).

Latest Pressrelease Summaries from GFH Financial Group B.S.C.

GFH Financial Group B.S.C. announced that it purchased 3,490,000 treasury shares, increasing its total treasury shares from 169,324,950 (4.42% of total issued shares) to 172,814,950 (4.51% of total issued shares) as of April 2, 2025. The board of directors made the purchase decision on March 24, 2025, and it was approved by the relevant authority on February 16, 2025. The average purchase price was USD 0.3025 per share. There are 210,444,433 shares remaining available for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.
GFH Financial Group announced that it has purchased 1,550,000 of its own treasury shares, increasing its total treasury shares from 167,774,950 (4.38% of total issued shares) to 169,324,950 (4.42% of total issued shares) as of March 28, 2025. The decision to purchase was made by the board of directors on March 24, 2025, and received approval from the relevant authority on February 16, 2025. The shares were bought at an average price of 0.2998 USD. There are 213,934,433 shares remaining available for purchase. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.
GFH Financial Group B.S.C. announced on March 27, 2025, details related to the Ordinary and Extraordinary General Meetings held earlier. The announcement includes the minutes of the meetings, which had a quorum of 46.42%, a report on the quorum, a voting report on the agenda items, and observations from shareholders or their representatives. The announcement was made by Mariam Jowhary, the Head of Compliance and Anti-Money Laundering, and was sealed with the company stamp.
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.
GFH Financial Group announced the purchase of 1,045,000 treasury shares, increasing its total treasury shares from 165,048,547 (4.31% of total issued shares) to 166,093,547 (4.33% of total issued shares) as of March 26, 2025. The decision was made during a board meeting on March 24, 2025, with regulatory approval received on February 16, 2025. The average purchase price was 2200.3 USD per share. The remaining shares available for purchase total 17,165,836. The announcement was made by Mariam Jowhary, Head of Compliance & AML.
GFH Financial Group announced that it has purchased 8,315,000 treasury shares, increasing its total treasury shares from 156,733,547 (4.09% of total issued shares) to 165,048,547 (4.31% of total issued shares) as of March 25, 2025. The decision to purchase was made by the board of directors on March 24, 2025, with the approval granted on February 16, 2025. The average purchase price was USD 3.0650 per share. There are 218,210,836 shares remaining available for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.
GFH Financial Group announced the sale of 95,814,846 treasury shares, which represent 2.5% of its total issued shares, to Massarah Investment Company, a firm owned by the Al Mutlaq Family and based in Riyadh, Saudi Arabia. As a result of this transaction, the Group's total treasury shares will amount to 156,733,547, representing 4.09% of the total issued shares, after accounting for the bank's incentive program allocation. The announcement was made by Mariam Jowhary, Head of Compliance and Anti-Money Laundering.
GFH Financial Group B.S.C. announced the purchase of 2,095,936 treasury shares, increasing its total treasury shares from 346,267,303 (9.03% of total issued shares) to 348,363,239 (9.09% of total issued shares) as of March 21, 2025. The decision to purchase was made by the company's board of directors on March 24, 2024, and approved by the authority on February 16, 2025. The average purchase price was USD 0.31, and 34,896,144 shares remain available for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

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News Update From GFH Financial Group B.S.C.

Disclosure: Post share buyback announcement

GFH Financial Group B.S.C. announced the purchase of 2,922,680 of its own shares, increasing its total treasury shares from 340,394,623, which represented 8.88% of the total issued shares, to 343,317,303, representing 8.96% as of March 19, 2025. The decision to purchase was made during a board meeting on March 24, 2024, and received regulatory approval on February 16, 2025. The average purchase price was USD 0.3157 per share, and the purchased shares represent 0.07% of the issued capital. There are 39,942,080 shares remaining for purchase. Mariam Jowhary, Head of Compliance & AML, is the contact person for this announcement.

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Dubai Financial Market News

News Update From GFH Financial Group B.S.C.

Disclosure: Assignment of Acting Chief Financial Officer

On March 19, 2025, GFH Financial Group B.S.C. announced the appointment of Mr. Bhaskar Mehta, the Chief Risk Officer, as the Acting Chief Financial Officer. This appointment follows the departure of Mr. Surya Hariharan from the position of Group Chief Financial Officer. Mr. Mehta will serve as Acting CFO until a permanent replacement is found. The announcement was made by Mariam Jowhary, Head of Compliance and AML.

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News Update From GFH Financial Group B.S.C.

Disclosure: Assignment of Board Secretary

GFH Financial Group B.S.C. announced the appointment of Mr. Pietro De Libero as the Board Secretary in addition to his responsibilities as the Chief Legal Officer.

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Dubai Financial Market News

News Update From GFH Financial Group B.S.C.

Disclosure: Post share buyback announcement

On March 18, 2025, GFH Financial Group announced the purchase of 2,794,000 treasury shares, increasing its total treasury shares from 337,600,623 (8.81% of issued shares) to 340,394,623 (8.88% of issued shares). The decision to purchase was made by the company's board of directors on March 24, 2024, and received authority approval on February 16, 2025. The average purchase price was USD 0.3146 per share, and the purchased shares represent 0.07% of the issued capital. There are 42,864,760 shares remaining for purchase. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.

1. Attached Document

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Dubai Financial Market News

News Update From GFH Financial Group B.S.C.

Disclosure: Post share buyback announcement

GFH Financial Group announced that it has purchased 2,840,000 of its own treasury shares, increasing its total treasury shares from 334,760,623 (8.73% of total issued shares) to 337,600,623 (8.81% of total issued shares) as of March 17, 2025. The decision to purchase these shares was made at a board meeting on March 24, 2024, and approved by the relevant authority on February 16, 2025. The average purchase price was 0.3151 USD per share, representing 0.074% of the issued capital. There are 45,658,760 shares remaining for potential purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

1. Attached Document

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Dubai Financial Market News

News Update From GFH Financial Group B.S.C.

Disclosure: Post share buyback announcement

GFH Financial Group B.S.C. announced that it has purchased 1,000,000 of its own treasury shares, increasing its total holding of treasury shares from 333,760,623 (8.71% of total issued shares) to 334,760,623 (8.73% of total issued shares) as of March 16, 2025. The decision to purchase was made during a board meeting on March 24, 2024, and received approval from the relevant authority on February 16, 2025. The average purchase price was 0.3139 USD per share, and the shares purchased represent 0.026% of the issued capital. There are 48,498,760 shares remaining for purchase. The announcement was signed by Mariam Jowhary, Head of Compliance and AML.

1. Attached Document

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News Update From GFH Financial Group B.S.C.

Disclosure: Post share buyback announcement

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.

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News Update From GFH Financial Group B.S.C.

Disclosure: Postponing General Assembly

On 13th March 2025, GFH Financial Group announced that the Ordinary and Extraordinary General Meetings scheduled for that day did not achieve the required quorum, with only 39.03% attendance. As a result, the meetings have been rescheduled for 20th March 2025 at 9:30 p.m. at the same location. The company also provided updated dividend distribution dates, contingent on the quorum being met on the new meeting date. The key dates include the General Meeting on 20th March, the Cum-Dividend Date on 24th March, the Ex-Dividend Date on 25th March, and the Payment Date on 9th April 2025. The record dates vary for different stock exchanges. Mariam Jowhary, Head of Compliance & AML, signed the announcement.

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News Update From GFH Financial Group B.S.C.

Disclosure: Arqam Capital and First Abu Dhabi Securities Coverage report on GFH

Arqaam Capital and First Abu Dhabi Securities have issued an analyst coverage report on GFH Financial Group B.S.C. shares. The report, which is attached, includes recommendations, estimates, forecasts, and opinions provided by third-party analysts for informational purposes only. These recommendations do not represent an endorsement or financial advice from GFH Financial Group and are subject to continuous review and change. There is no expected financial impact from this announcement. The announcement is signed by Mariam Jowhary, Head of Compliance & AML, and includes the company seal.

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News Update From GFH Financial Group B.S.C.

Disclosure: Post share selling announcement

GFH Financial Group announced that it has purchased 15,400,300 of its own treasury shares, increasing its total treasury shares from 313,630,323 (8.18% of total issued shares) to 329,030,623 (8.59% of total issued shares) as of March 13, 2025. The decision to purchase these shares was made during a board of directors meeting on March 24, 2024, and received approval from the relevant authority on February 16, 2025. The average purchase price was 0.3138 USD per share, representing 0.402% of the issued capital. There are 54,228,760 shares remaining for potential future purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

1. Attached Document