Latest Threads
Check out what has been happening in the community
Ithmaar Holding B.S.C. has announced an invitation for its shareholders to attend the Annual Ordinary General Meeting on March 26, 2025, at The Westin City Centre Bahrain Hotel. If the quorum is not met, subsequent meetings are scheduled for April 6 and April 13, 2025, at the same location. The agenda includes approving the minutes from the previous meeting, discussing and approving various reports and the company's consolidated financial statements for the year ending December 31, 2024. Also on the agenda are the approval of financial allocations, reporting transactions with related parties, discussing corporate governance compliance, and discharging the Board of Directors from liabilities for the year 2024.
Tabreed held its Annual General Assembly where shareholders approved a cash dividend payout of AED 441 million for the fiscal year 2024, reflecting strong financial performance. The company reported record revenues and a 32% increase in net profit for 2024, achieving a total shareholder return of 96% over the past five years. The assembly confirmed new board members, Mansoor Al Hamed and Janis Rey Lozada. Chairman Dr. Bakheet Al Katheeri highlighted the company's consistent performance and strategic investments, noting its resilience and promising future opportunities. In 2025, Tabreed has already raised $700 million through a green sukuk and entered a joint venture with Dubai Holding. The company expanded its operations in 2024 by completing two new plants and increasing connections across several countries, with a 5% growth in consumption volumes.
GFH Financial Group announced that it has purchased 8,315,000 treasury shares, increasing its total treasury shares from 156,733,547 (4.09% of total issued shares) to 165,048,547 (4.31% of total issued shares) as of March 25, 2025. The decision to purchase was made by the board of directors on March 24, 2025, with the approval granted on February 16, 2025. The average purchase price was USD 3.0650 per share. There are 218,210,836 shares remaining available for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.