GFH Financial Group B.S.C.

About GFH Financial Group B.S.C.
Country of Origin: Kingdom of Bahrain
GFH Financial Group B.S.C. has been establishment in 1999 in the Kingdom of Bahrain as an Islamic Wholesale Bank licensed by Central Bank of Bahrain. GFH is a well renowned financial group in the GCC region, with a diversified offering and pioneering track record in Investment Management; Commercial Banking; and Treasury & Proprietary Investments across the GCC, with strategic investment in the US, Europe and UK. Headquartered in Bahrain, GFH’s innovative approach to Islamic investment banking services has been recognized internationally for over a decade. GFH is listed on four stock exchanges in the GCC, including the Bahrain Bourse, Boursa Kuwait, Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX).
Latest Pressrelease Summaries from GFH Financial Group B.S.C.
Threads
GFH Financial Group has announced the acquisition of 9,890,113 of its own shares (treasury shares) as of May 31, 2024. This purchase increases their total treasury shares from 199,863,664 (5.21% of the total issued shares) to 209,753,777 (5.47% of the total issued shares). The decision was made by the board of directors on March 24, 2024, and approved by the relevant authority on May 29, 2024. The average purchase price was 0.3050 USD per share. There are 173,505,606 shares remaining available for purchase. Mariam Jowhary, Head of Compliance & AML, signed the announcement.
GFH Financial Group B.S.C. announced the purchase of 11,949,000 treasury shares, increasing its total treasury shares from 187,914,664 (4.90% of total issued shares) to 199,863,664 (5.21% of total issued shares) as of May 30, 2024. The board of directors decided on the purchase on March 24, 2024, and it was approved by the relevant authority on May 29, 2024. The average purchase price was 0.2989 USD per share, and the purchased shares represent 0.312% of the issued capital. There are 183,395,719 shares remaining for purchase. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.
GFH Financial Group B.S.C. announced on May 29, 2024, that it has received approval from the Central Bank of Bahrain to repurchase up to 10% of its total issued shares as treasury shares. This decision follows a resolution passed by the company's Ordinary General Meeting on March 24, 2024. The share repurchase will commence on May 30, 2024. The announcement was made by Mariam Jowhary, the Head of Compliance & AML.
On 23rd May 2024, GFH Financial Group B.S.C. announced the sale of 95,814,846 of its treasury shares, equivalent to 2.5% of its total issued shares, to Mr. Abdulmohsen Rashed Al rashed and Mr. Salah Rashed Alrashed. Following this sale, the total number of treasury shares held by the company will be 187,914,664 shares, representing 4.9% of the company's shares. The announcement was made by Mariam Jowhary, the Head of Compliance & AML at GFH Financial Group B.S.C.
The GFH Financial Group B.S.C. has announced on 19/05/2024, under trading code GFH, that it is halting the purchase of its treasury shares. The company has decided to stop buying back its shares in order to execute a sale transaction with a strategic buyer. The company stated that there is no expected financial impact from this decision. The announcement was made by Mariam Jowhary, the Head of Compliance & AML.