Latest Threads on News from companies
Threads on regulatory news from companies
Amanat Holdings' subsidiary, Almasar Alshamil Education, has successfully begun trading on the Saudi Exchange after completing its initial public offering (IPO). The IPO involved listing 30% of its share capital and was met with strong investor demand, achieving an oversubscription rate of 103 times with an institutional order book of approximately SAR 62 billion. The shares were priced at the top of the announced range, raising around SAR 599 million. At the time of listing, Almasar Alshamil Education had a market capitalization of SAR 1,997 million, with Amanat remaining the majority shareholder. This listing follows Amanat's successful divestment of North London Collegiate School's real estate assets, which generated AED 453 million, marking a 1.7x cash-on-cash return. Amanat has raised over AED 1 billion in 2025 through various monetization efforts, contributing to a total of over AED 2.1 billion in proceeds. The IPO aligns with Amanat’s strategy of investing in leading businesses in the healthcare and education sectors to drive growth and shareholder value. Amanat reported a 15% increase in revenue and a 49% rise in EBITDA from continuing operations in the first nine months of 2025. The company's board will evaluate and recommend a capital allocation plan for the proceeds from the real estate sale and IPO.
Amanat Holdings PJSC announced a partial disposal of a 30% stake in its subsidiary, Almasar Alshamil Education Company, through an Initial Public Offering (IPO) on the Saudi Stock Exchange (Tadawul) on December 2, 2025. The book value of the disposed assets was AED 364 million, representing 14.6% of the company's capital, with the transaction yielding gross proceeds of SAR 599 million (AED 592 million). The sale aligns with the company's strategic goal to invest, grow, and monetize to create value for shareholders. The shares were allocated to public shareholders, and no related parties are involved in the transaction.
GFH Financial Group B.S.C. announced the purchase of 714,837 treasury shares, increasing its total treasury shares from 254,908,272 (6.651% of total issued shares) to 255,623,109 (6.670% of total issued shares) as of December 2, 2025. The board of directors decided on the purchase on March 2, 2025, and received approval from the relevant authority on October 20, 2025. The average purchase price was USD 0.587 per share, representing 0.019% of the issued capital. There are 127,636,274 shares remaining for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.
GFH Financial Group B.S.C. has announced the purchase of 119,393 treasury shares, increasing its total number of treasury shares from 254,788,879 (6.648% of total issued shares) to 254,908,272 (6.651% of total issued shares) as of December 1, 2025. The board of directors approved this purchase on March 2, 2025, and it received authority approval on October 20, 2025. The average purchase price was USD 0.589 per share, representing 0.003% of the issued capital. There are 128,351,111 shares remaining for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.
GFH Financial Group B.S.C. announced that it has purchased 1,060,000 treasury shares, increasing its total treasury shares from 253,728,879 (6.620% of total issued shares) to 254,788,879 (6.648% of total issued shares) as of November 30, 2025. The decision to purchase was made by the board of directors on March 2, 2025, and approved by the relevant authority on October 20, 2025. The average purchase price was USD 0.587 per share, and the purchased shares represent 0.028% of the issued capital. There are 128,470,504 shares remaining for purchase. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.
Al Salam Bank held an Extraordinary General Meeting where shareholders approved key governance and strategic resolutions. These included amendments to the Bank's Articles of Association to allow expansion into new activities, such as e-marketplaces and e-commerce platforms, subject to regulatory approval. Shareholders also approved new criteria for Board membership, requiring nominees to have a relevant degree and significant experience in financial services. Additionally, shareholders authorized the Bank to begin market making and liquidity providing activities to enhance share liquidity. The meeting also addressed Al Salam Bank's stake in Bank of Bahrain and Kuwait amidst merger developments, endorsing the merger in principle and directing the Board to evaluate the Bank's position and propose future actions.
Al Salam Bank B.S.C held an Extraordinary General Meeting (EGM) on November 27, 2025, with a 75.09% quorum at Al Sarra Ballroom, Royal Saray Hotel, Bahrain. The meeting approved several agenda items: ratification of previous EGM minutes from March 19, 2025; amendments to the bank's Articles of Association to include new activities such as e-marketplace operations, internet retail sales, and promotion of investment products, subject to Central Bank of Bahrain approval; changes to board membership qualifications requiring relevant academic qualifications and experience; and amendments to the Memorandum and Articles of Association to reflect these resolutions, pending approval from the Central Bank of Bahrain and the Ministry of Industry and Commerce. The Chairman, CEO Rafik Nayed, or a Keypoint representative is authorized to complete the necessary formalities.
On 28 November 2025, Ahmad Kilani resigned from his position as the Chief Executive Officer of Gulf Navigation Holding PJSC. He will continue to fulfill his responsibilities during the transition period as agreed with the Board of Directors. Additionally, he will maintain his role as a member of the company's Board of Directors. The letter is signed by Ali Abouda, the Chief Finance & Operation Officer of Gulf Navigation Holding PJSC.