Latest Threads on News from companies

The International Holding Company PJSC (IHC) has issued a warning to the public about scammers using their company name, employee names, and logo to advertise fraudulent investment opportunities and tenders online. These scammers are asking individuals and entities to provide personal and business information, as well as credit card and bank details, to pay tender fees or invest in the company. IHC emphasizes that they never send requests for personal, business, or financial information via email or any other means, nor do they ask for any payments or investments in this manner. If such a request is received, it should be treated with caution and no sensitive information should be provided.

GFH Financial Group BSC, an Islamic wholesale bank established in 1999 in Bahrain, operates in accordance with Islamic Sharia principles. It transitioned from a closed shareholding company to a public shareholding company in 2004 and is listed on four major stock exchanges in the GCC. The Group manages over $21 billion in assets, has been recognized by Forbes as one of the Middle East's Top 30 Biggest Asset Managers, and was named Bahrain’s Investment Banking Market Leader by Euromoney. In 2022, GFH created Infracorp, issuing a $900 million green sukuk on the London Stock Exchange. In 2023, GFH entered a strategic partnership with FII and the World Economic Forum and expanded its regional portfolio to include logistics and healthcare assets in the GCC. GFH's corporate governance framework is based on guidelines issued by the Ministry of Industry, Commerce, and the Central Bank of Bahrain. The company's corporate governance philosophy emphasizes compliance with corporate governance principles and prioritizes transparency and accountability.

The Board of Directors of the RAPCO Investment PJSC will hold its first meeting of 2024 on March 6, 2024 at 9:30 am. The agenda includes reviewing and approving the minutes of the previous board meeting, reviewing and approving the audited financial statements for the year ended December 31, 2023, reviewing and approving the draft of the nomination invitation, and considering a proposed date for the Annual General Assembly Meeting for the financial year ended December 31, 2023, subject to regulatory approvals.

The Corporate Governance Manual's Article 40, Clauses 1 & 2, provides guidelines for shareholder representation at general assemblies. Shareholders can delegate someone other than company board members, staff, or employees of a securities brokerage company to represent them. The delegate, however, can represent no more than 5% of the company's issued capital. Legally incompetent individuals must be represented by their legal representatives. The shareholder's signature on the power of attorney must be approved by a Notary Public, Commercial chamber of economic department in the state, a licensed bank or company in the state, or any other entity licensed to perform attestation works. The Proxy form should include the shareholder's and the approving brokerage firm's contact details. The shareholder can issue the Proxy within the limits and powers they deem appropriate, as long as the signature is approved by one of the mentioned authorities.