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GFH Financial Group B.S.C. announced the purchase of 714,837 treasury shares, increasing its total treasury shares from 254,908,272 (6.651% of total issued shares) to 255,623,109 (6.670% of total issued shares) as of December 2, 2025. The board of directors decided on the purchase on March 2, 2025, and received approval from the relevant authority on October 20, 2025. The average purchase price was USD 0.587 per share, representing 0.019% of the issued capital. There are 127,636,274 shares remaining for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.
GFH Financial Group B.S.C. has announced the purchase of 119,393 treasury shares, increasing its total number of treasury shares from 254,788,879 (6.648% of total issued shares) to 254,908,272 (6.651% of total issued shares) as of December 1, 2025. The board of directors approved this purchase on March 2, 2025, and it received authority approval on October 20, 2025. The average purchase price was USD 0.589 per share, representing 0.003% of the issued capital. There are 128,351,111 shares remaining for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.
GFH Financial Group B.S.C. announced that it has purchased 1,060,000 treasury shares, increasing its total treasury shares from 253,728,879 (6.620% of total issued shares) to 254,788,879 (6.648% of total issued shares) as of November 30, 2025. The decision to purchase was made by the board of directors on March 2, 2025, and approved by the relevant authority on October 20, 2025. The average purchase price was USD 0.587 per share, and the purchased shares represent 0.028% of the issued capital. There are 128,470,504 shares remaining for purchase. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.
Al Salam Bank held an Extraordinary General Meeting where shareholders approved key governance and strategic resolutions. These included amendments to the Bank's Articles of Association to allow expansion into new activities, such as e-marketplaces and e-commerce platforms, subject to regulatory approval. Shareholders also approved new criteria for Board membership, requiring nominees to have a relevant degree and significant experience in financial services. Additionally, shareholders authorized the Bank to begin market making and liquidity providing activities to enhance share liquidity. The meeting also addressed Al Salam Bank's stake in Bank of Bahrain and Kuwait amidst merger developments, endorsing the merger in principle and directing the Board to evaluate the Bank's position and propose future actions.
Al Salam Bank B.S.C held an Extraordinary General Meeting (EGM) on November 27, 2025, with a 75.09% quorum at Al Sarra Ballroom, Royal Saray Hotel, Bahrain. The meeting approved several agenda items: ratification of previous EGM minutes from March 19, 2025; amendments to the bank's Articles of Association to include new activities such as e-marketplace operations, internet retail sales, and promotion of investment products, subject to Central Bank of Bahrain approval; changes to board membership qualifications requiring relevant academic qualifications and experience; and amendments to the Memorandum and Articles of Association to reflect these resolutions, pending approval from the Central Bank of Bahrain and the Ministry of Industry and Commerce. The Chairman, CEO Rafik Nayed, or a Keypoint representative is authorized to complete the necessary formalities.
On 28 November 2025, Ahmad Kilani resigned from his position as the Chief Executive Officer of Gulf Navigation Holding PJSC. He will continue to fulfill his responsibilities during the transition period as agreed with the Board of Directors. Additionally, he will maintain his role as a member of the company's Board of Directors. The letter is signed by Ali Abouda, the Chief Finance & Operation Officer of Gulf Navigation Holding PJSC.
Gulf Navigation Holding PJSC has successfully closed a AED 613 million (USD 167 million) three-year senior secured Sukuk, arranged and underwritten by HSBC, to refinance the outstanding bonds of Brooge Petroleum & Gas Investment Company FZE. This financing will also support further investment in expanding storage facilities in Fujairah. The transaction marks a significant step following Gulf Navigation's acquisition of BPGIC, enhancing the financial and operational capabilities of the combined entity. The Sukuk issuance aligns with the company's strategy to create a more integrated and sustainable energy logistics platform. HSBC's Private Credit and Debt Capital Markets teams facilitated the transaction, with legal advice from A&O Shearman for HSBC and Hogan Lovells for the issuer. The refinancing is part of Gulf Navigation's broader capital optimization program aimed at improving liquidity, financial flexibility, and long-term shareholder value.
On November 28, 2025, Gulf Navigation Holding PJSC addressed a request from the Dubai Financial Market for clarification regarding the movement in the company's share price from November 24 to November 26, 2025. After an internal review, the company stated it is unaware of any undisclosed information, updates, or developments that could have affected the share price during that period. It affirmed that all material information had been disclosed according to legal and market requirements, and no pending events or decisions remain unannounced. The company reiterated its commitment to transparency and regulatory compliance, promising to disclose any future material developments promptly. The statement was signed by Ali Abouda, Chief Finance & Operation Officer of Gulf Navigation Holding PJSC.
On November 28, 2025, a board meeting for Taaleem Holdings PJSC was held from 4:30 PM to 5:00 PM with full attendance of all nine board members. During the meeting, Mr. Khalid Ahmed Humaid Matar Al Tayer was elected as Chairman of the Board of Directors, and Mr. Adel Mohammed Saleh Al Zarouni was elected as Vice Chairman. The board approved the constitution and appointment of its committees, and Mrs. Marine Aoudi was re-appointed as Secretary to the Board. Routine business matters were also discussed. The meeting's resolutions were authorized by Alan Williamson, the Chief Executive Officer.