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GFH Financial Group B.S.C. and Ithmaar Holding B.S.C. have announced ongoing discussions regarding GFH's potential acquisition of Ithmaar’s financing and investment portfolios. Ithmaar's shareholders approved the proposed transaction during an Extraordinary General Meeting on May 29, 2024, and authorized the Board of Directors to finalize the transaction's structure, terms, and documents. GFH is currently conducting due diligence and will provide periodic updates to shareholders.
On June 6, 2023, GFH Financial Group B.S.C. (trading code: GFH) announced that Arqaam Capital has issued an analyst coverage report on GFH shares. The report is attached to the announcement. Any recommendations, estimates, forecasts, or opinions provided by third-party analysts are for informational purposes only and represent the analysts' views. These recommendations do not constitute an endorsement, opinion, forecast, forward-looking statement, or financial advice 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 & AML.