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On 16th February 2025, GFH Financial Group B.S.C. successfully conducted a live webcast to present its financial results for the year ending 31st December 2024. The webcast was held at 2:00 p.m. Bahrain time. This event followed a previous announcement made on 10th February 2025, inviting shareholders and investors to participate. The presentation and script from the session are available as attachments. The announcement was made by Mariam Jowhary, Head of Compliance and AML, and was officially sealed by the company.
GFH Financial Group B.S.C. announced the suspension of its market-making operations starting from February 17, 2025, to initiate a buyback of treasury shares, with a maximum limit of 10% of the Group's total issued shares. The Group has obtained approval from the Central Bank of Bahrain to commence the share buyback on February 24, 2025. The announcement was made by Mariam Jowhary, Head of Compliance and AML.
GFH Financial Group announced that its Board of Directors has approved an increase in the proposed cash dividend from 5.5% to 6.2% of the par value, which is equivalent to US$0.0164 per share, excluding treasury shares. This increase is subject to approval by the General Assembly. Additionally, the Board recommended implementing a semi-annual interim dividend distribution policy starting this year, pending regulatory approvals. The announcement was made by Mariam Jowhary, the Head of AML & Compliance.
The document is the consolidated financial statements of United Foods Company (PSC) and its subsidiaries for the year ending on December 31, 2024.