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GFH has reported a 13.03% increase in net profit attributable to shareholders for Q1 2024, reaching a total of US$ 27.14 million. This growth was driven by contributions from the group's subsidiaries, associates, and investments. The company saw strong growth in investment banking, with income of US$ 46.2 million for the quarter, and made partial exits from its proprietary investments, including real estate. It also sold 25% of Khaleeji Bank to strategic investors. GFH was named "World's Best Islamic Investment Bank 2024" by the Global Finance Awards and extended its partnership with the FII Institute for another three years.
The text provides details about GFH Financial Group BSC, a company registered with the Central Bank of Bahrain as an Islamic wholesale bank. The registered office is located on the 2nd floor of Harbor House, Building Number 1436, Block 346, Road 4626, Manama, Kingdom of Bahrain. The current directors include Abdulmohsen Rashed Alrashed, Ghazi Faisal Ebrahim Alhajeri, Hisham Ahmed Alrayes, and others. Some directors will be leaving in March 2024, while others will be joining. The company's CEO is Hisham Ahmed Alrayes and its auditors are KPMG Fakhro. The text also mentions a condensed consolidated interim financial information report as of 31 March 2024.
GFH has reported a 13.03% increase in net profit attributable to shareholders for Q1 2024, totaling $27.14 million. The total income for Q1 2024 was $162.97 million, marking a 55.12% YoY increase. The group saw double-digit growth in income and profitability, supported by contributions from its subsidiaries, associates, and investments. The investment banking sector showed strong growth, with income of $46.2 million for the quarter. The group also made partial exits from proprietary investments, including real estate, and sold 25% of Khaleeji Bank to strategic investors. The group's Treasury and proprietary investments portfolio made significant contributions, showing strong YoY growth. GFH was named the "World's Best Islamic Investment Bank 2024" by the Global Finance Awards and extended its partnership with the FII Institute for another three years.
The GFH Financial Group announced that its Board of Directors met on 14th May 2024 to discuss and resolve the financial results for the first quarter of 2024, which ended on 31st March 2024, and other internal matters. The financial results for the first quarter of 2024 were attached to the announcement.
The GFH Financial Group held a Board of Directors meeting on 14th May 2024 to discuss and resolve the financial results for the first quarter of 2024, which ended on 31st March 2024, and other internal matters. The financial results for the first quarter of 2024 are attached.
The text refers to a review report and condensed interim financial information for Abu Dhabi National Takaful Company P.S.C. for the three-month period ended 31 March 2024.
The text provides the condensed consolidated interim financial information for INVEST BANK P.S.C. for the three-month period ending on 31 March 2024. The bank is registered at Al Zahra Street, P O Box 1885, Sharjah, United Arab Emirates.
The text provides contact details for Agthia Group PJSC, located in Abu Dhabi, UAE. It also mentions a Management Discussion & Analysis Report on the company's Q1 2024 results, released on 15 May 2024.