GFH Financial Group Shares Witness Unusual Trading Activity on Boursa Kuwait

GFH Financial Group B.S.C., a leading Islamic investment bank in the GCC region, has recently announced unusual trading activity of its shares on Boursa Kuwait. The company has assured shareholders that no additional material information has been withheld from the markets.

GFH Financial Group Shares Witness Unusual Trading Activity on Boursa Kuwait

Summary

GFH Financial Group B.S.C. experienced unusual trading activity on Boursa Kuwait. The company has confirmed that no additional material information has been withheld from shareholders and the markets.

GFH Financial Group B.S.C., a prominent Islamic investment bank headquartered in the Kingdom of Bahrain, recently reported unusual trading activity of its shares on Boursa Kuwait. The announcement, dated July 2, 2024, comes in response to the directives from Boursa Kuwait and in compliance with the Capital Markets Authority (CMA) of Kuwait's Executive Regulations.

GFH Financial Group, established in 1999, is a well-known financial entity in the GCC region, offering a diversified portfolio that includes Investment Management, Commercial Banking, and Treasury & Proprietary Investments. The company has a significant presence not only in the GCC but also in strategic markets such as the US, Europe, and the UK. GFH's innovative approach to Islamic investment banking has garnered international recognition over the past decade.

According to the press release, the unusual trading activity was observed on Tuesday, July 2, 2024. GFH Financial Group has assured its shareholders and the market that there is no additional material information that has not been disclosed. This transparency aligns with Article 4-5 of Module 10 (Disclosures and Transparency) of the CMA's Executive Regulations of Law No. 7 of 2010.

The announcement was signed by Mariam Jowhary, Head of Compliance & AML at GFH Financial Group. The company reiterated its commitment to maintaining transparency and keeping its shareholders well-informed.

GFH Financial Group's shares are listed on four stock exchanges in the GCC, including the Bahrain Bourse, Boursa Kuwait, Dubai Financial Market (DFM), and Abu Dhabi Securities Exchange (ADX). This wide-ranging presence underscores the company's robust financial standing and its strategic importance in the region.

Considering the company's strong track record, diversified portfolio, and commitment to transparency, investors might find GFH Financial Group's shares to be a promising long-term investment. The unusual trading activity could be a result of market speculations or external factors, but the company's reassurance provides a level of confidence for existing and potential investors.

In conclusion, GFH Financial Group remains a significant player in the GCC's financial sector. The recent unusual trading activity, while noteworthy, does not indicate any undisclosed material information. Investors are advised to consider the company's strong fundamentals and strategic market positioning when making investment decisions.

Source

Clarification from the company

Summary

GFH Financial Group B.S.C. announced that following unusual trading activity of its shares in Boursa Kuwait on Tuesday, July 2, 2024, and in accordance with Boursa Kuwait's instructions and Article 4-5 of Module 10 (Disclosures and Transparency) of the Capital Markets Authority (Kuwait) Executive Regulations of Law No. 7 of 2010, there is no additional material information to disclose beyond what has already been recently announced. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.

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