GFH Financial Group B.S.C.

GFH reported an 11.2% increase in net profit attributable to shareholders for the first half of 2024, totaling US$60.75 million. The total income for the first half of 2024 was US$332.23 million, reflecting a 53.7% year-on-year increase. Earnings per share (EPS) rose by 9.7% year-on-year to US cents 1.70. For the second quarter of 2024, total income was US$169.26 million, with a 52.3% year-on-year increase, and net profit attributable to shareholders was US$33.61 million, a 9.8% year-on-year rise. Significant highlights include the Group's early exit from its joint investment in Citrix with Carlyle, the addition of Al Qasimi as a major shareholder, and the appointment of BHM as a market maker for the Group’s shares in UAE markets. Income growth of 154.6% year-on-year was mainly driven by the sale of real estate assets, including the Group’s investment in Charthouse Bahrain. Fitch Ratings affirmed the Group’s Long- and Short-Term Issuer Default Ratings (IDR) at 'B', with a Stable outlook on the Long-Term IDR.

GFH Financial Group B.S.C. has announced a webcast for its second-quarter financial results of 2024, for the period ending June 30, 2024. The webcast is scheduled for Wednesday, August 14, 2024, at 01:00 pm Bahrain time. Shareholders and investors are invited to attend. The announcement was made by Mariam Jowhary, Head of Compliance & AML, and includes a web link for registration.

On August 7, 2024, GFH Financial Group B.S.C. disclosed its market-making activities for July 2024, in compliance with the Central Bank of Bahrain's requirements. The report details transactions conducted by GFH's market maker, SICO, on the Bahrain Bourse, and by liquidity provider BHM Capital on the Dubai Financial Market and Abu Dhabi Securities Exchange. For July 2024, SICO purchased a total of 1,198,959 securities and sold 198,109 securities on the Bahrain Bourse, with total money paid amounting to USD 389,680 and total money received amounting to USD 64,769. The securities balance was 1,000,850, and the cash balance was USD 5,521,961.

GFH Financial Group B.S.C. announced on July 22, 2024, that it has increased its stake in GFH Equities B.S.C. Closed (formerly known as GBCorp B.S.C. Closed) by 12.50%, raising its total ownership to 76.63%. This investment is expected to positively impact the Group's financials and increase its returns. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

GFH Financial Group B.S.C. announced on 21st July 2024 that it has received the necessary regulatory approvals to appoint SICO as the Market Maker for its shares listed on the Bahrain Bourse and BHM Capital as the Liquidity Provider for its shares listed on the Dubai Financial Market and Abu Dhabi Securities Exchange. These activities will commence on 22nd July 2024. The approval is valid until 11th July 2025, and any extension will require prior regulatory approval. In accordance with the Central Bank of Bahrain's regulations, SICO and BHM Capital can collectively hold no more than 3% of the total issued shares of GFH. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.

GFH Financial Group B.S.C. issued an announcement on July 11, 2024, to clarify statements made by the CEO of GFH Partners Limited, the group's global asset management arm. The clarification specifies that the mentioned total value of one billion dollars represents the expected total value of assets owned by funds that have been launched and will be launched throughout the rest of the year. This includes both equity and debt portions of the funds. The financial impact of this cannot be assessed at the current stage. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.

GFH Financial Group B.S.C. (GFH) announced that its global asset management arm, GFH Partners Limited (GFH P), based in the Dubai International Financial Centre, has successfully launched and closed its seventh investment fund focused on logistics and industrial assets in the United States. This investment is expected to positively impact the Group's financial statements and increase its returns. For more details, refer to the attached release. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

On 4th July 2024, GFH Financial Group B.S.C announced a substantial shareholder transaction involving Mr. Ahmad Bin Mohammad Al Qassimi. The transaction date was 4th July 2024, and it involved the purchase of 191,629,692 shares. Before the transaction, Mr. Al Qassimi did not hold any shares. After the transaction, he holds 191,629,692 shares, representing a 5% ownership in GFH Financial Group. The announcement was made to Bahrain Bourse, Dubai Financial Market, Boursa Kuwait, and Abu Dhabi Securities Exchange.

GFH Financial Group B.S.C. announced the sale of 191,629,692 treasury shares, representing 5% of its total issued shares, to Mr. Ahmad Bin Mohammad Al Qassimi. Following this transaction, the total number of treasury shares held by the group will be 58,800,890, representing 1.53% of the total shares. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

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.