Latest Threads on News from companies

GFH Financial Group B.S.C. announced on June 6, 2024, that it has received significant recognition for its exceptional performance in the financial sector. The company secured the 5th position in Forbes' Top 30 Asset Managers 2024 list and was named the World's Best Islamic Investment Bank by Global Finance for the second consecutive year. The announcement was made by Mariam Jowhary, Head of Compliance and AML, with no expected financial impact reported.

On June 6, 2023, GFH Financial Group B.S.C. announced that Arqaam Capital has issued an analyst coverage report on GFH shares. The report, which is attached to the announcement, includes recommendations, estimates, forecasts, and opinions provided by third-party analysts. These recommendations are for informational purposes only and represent the analysts' views. They do not constitute financial advice or endorsements by GFH Financial Group. The recommendations are subject to continuous review and may change. There is no expected financial impact from this announcement. The announcement was signed by Mariam Jowhary, Head of Compliance and AML.

Ithmaar Holding B.S.C. has announced an update regarding ongoing discussions for GFH Financial Group B.S.C. to acquire Ithmaar’s financing and investment portfolios. The proposed transaction was approved by Ithmaar’s shareholders during an Extraordinary General Meeting on May 29, 2024. The shareholders have also authorized the Board of Directors to negotiate and finalize the structure, terms, and documents of the transaction. Shareholders will receive periodic updates on the progress.