GFH Financial Group Reschedules Ordinary General Meeting

GFH Financial Group B.S.C., a leading Islamic investment banking firm, has announced the rescheduling of its Ordinary General Meeting due to insufficient quorum.

GFH Financial Group Reschedules Ordinary General Meeting

Summary

The GFH Financial Group's Ordinary General Meeting, initially scheduled for 17th March 2024, has been postponed due to a lack of quorum. The meeting has been rescheduled for 24th March 2024, with updated dividend distribution dates set.

GFH Financial Group B.S.C., a renowned financial group in the GCC region, recently announced that its Ordinary General Meeting, originally scheduled for 17th March 2024, did not meet the required quorum. With participation reaching only 25.68%, the meeting has now been postponed to 24th March 2024.

This rescheduling has led to changes in the dividend distribution dates. Subject to the meeting quorum being met, the updated dates 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.

Moreover, 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.

GFH Financial Group has a market cap of 3,610,303,395 and a consistent 3-month and 1-month yield of 0.06%. Despite the rescheduling of the general meeting, the financial stability of the company remains intact. With its diversified offering and pioneering track record in Investment Management, Commercial Banking, and Treasury & Proprietary Investments across the GCC, the company is expected to continue its steady performance.

Given these factors, investors are advised to maintain a neutral stance towards the company's shares, closely monitoring the outcomes of the rescheduled meeting and the subsequent dividend distribution.

Source

Postponing General Assembly for the lack of quorum

Summary

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.

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