GFH Financial Group B.S.C

GFH Financial Group B.S.C. and Ithmaar Holding B.S.C. have announced that they are still in the process of negotiating GFH's acquisition of Ithmaar's financing and investment portfolios, which is subject to regulatory approvals. Shareholders will be regularly updated on any developments. The expected financial impact will be disclosed in due course. Previous announcements regarding these discussions were made on 6th March, 7th April, 6th May, 6th June, and 19th September 2024. The announcement was made by Mariam Jowhary, Head of Compliance and AML.

On October 14, 2024, GFH Financial Group B.S.C. announced the results of its Ordinary General Meeting. The meeting, held with a quorum of 39.14%, included the minutes of the meeting, 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, Head of Compliance & AML, and was accompanied by the company seal.

The ordinary general meeting of GFH Financial Group B.S.C. was held on October 9, 2024, from 11:00 am to 11:40 am Bahrain time, via visual communication means. The meeting was chaired by Mr. Hisham Alrayes, with a quorum attendance of 39.14%. The following agenda items were approved: 1. The minutes of the previous meeting held on March 24, 2024. 2. The Board of Directors' recommendation to establish a Sukuk Programme valued at up to USD 500 million through a Special Purpose Vehicle, pending necessary regulatory approvals. Shareholders also approved the issuance of Sukuk worth USD 500 million in one or more tranches. 3. Modifications to the terms and conditions of the existing USD 500 million Sukuk due in 2025, including an offer for early redemption. 4. Delegation of authority to the Board of Directors to execute the Sukuk Programme and Offer, including obtaining necessary approvals, concluding agreements, and taking actions deemed essential.

The Ordinary General Meeting of GFH Financial Group B.S.C. was held on October 9, 2024, via visual communication, chaired by Mr. Hisham Alrayes. The meeting achieved a quorum of 39.14% attendance. During the meeting, the following agenda items were approved: 1. The minutes of the previous meeting held on March 24, 2024. 2. The Board of Directors' recommendation to establish a Sukuk Programme valued at up to USD 500 million through a Special Purpose Vehicle, contingent on obtaining necessary regulatory approvals. Shareholders also approved issuing Sukuk worth USD 500 million in one or more tranches through the SPV. 3. Modifications to the terms of the existing USD 500 million Sukuk due in 2025, issued in 2020, including an offer for early redemption of the certificates. 4. Delegation of authority to the Board of Directors or their delegates to execute the Sukuk Programme and Offer, including obtaining necessary approvals, concluding agreements, and taking essential actions as per the agreements related to the Sukuk Programme and Offer.

GFH Financial Group B.S.C. announced that it has increased its stake in Khaleeji Bank B.S.C. from 57.95% to 82.95%, effective from September 30, 2024. This represents a 25% increase in their ownership. The investment is expected to have a positive impact on the group's financial statements and increase its returns. The announcement was made by Mariam Jowhary, Head of Compliance and AML.

GFH Financial Group announced that the Ordinary General Meeting scheduled for Wednesday, October 2, 2024, did not meet the required quorum, as only 41.58% was achieved. Consequently, a second meeting is scheduled for Wednesday, October 9, 2024, at 11:00 a.m., to be held via modern visual communication methods.

Resolution No. 482 of 2024 announces the temporary suspension of trading for GFH Financial Group B.S.C shares on the Abu Dhabi Securities Exchange (ADX). This suspension will occur on October 9, 2024, starting at 12:00, coinciding with the company's Annual General Meeting (AGM). Trading will resume once ADX receives the AGM results. The resolution mandates that all ADX department heads implement this decision in their respective areas. It also requires the resolution to be distributed to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. The resolution has been approved by the authorized person and was issued on October 3, 2024.

GFH Financial Group announced that the Ordinary General Meeting scheduled for Wednesday, October 2, 2024, did not achieve the required quorum, with only 41.58% attendance. Consequently, a second meeting is scheduled for Wednesday, October 9, 2024, at 11:00 a.m. via modern visual communication methods. The announcement was made by Mariam Jowhary, Head of Compliance & AML, and included the company seal.

GFH Financial Group B.S.C. announced its market making activities and treasury share positions for September 2024, complying with the Central Bank of Bahrain's requirements for monthly disclosures by listed companies. The liquidity provider SICO conducted market making transactions in the Bahrain Bourse, while BHM Capital did so in the Dubai Financial Market and Abu Dhabi Securities Exchange. As of September 30, 2024, GFH held 84,186,563 treasury shares, representing 2.20% of the group's total outstanding shares. In the Bahrain Bourse, SICO purchased 2,887,408 securities and sold 1,253,127 securities, with total payments amounting to $984,520 and total receipts of $427,304.

GFH Financial Group B.S.C. announced that a Board of Directors meeting is scheduled for Thursday, November 7, 2024, at 2 p.m. Bahrain time. The agenda includes discussing the financial results for the third quarter of 2024 and other internal matters. The announcement was made by Mariam Jowhary, Head of Compliance and AML.