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On March 19, 2024, GFH Financial Group B.S.C. announced that it has purchased 4,504,430 of its own shares (treasury shares). This acquisition increases the total holding of treasury shares from 170,452,781 (representing 4.45% of the total issued shares) to 171,182,781 (representing 4.47% of total issued shares). The decision to purchase was made during the company’s board meeting in September 2021, and the authority approved the purchase in March 2024. The shares were purchased at an average price of 8820 USD each. The purchased shares represent 0.118% of the issued capital.
The Arabian Scandinavian Insurance Company, also known as Sukoon Takaful, had a board of directors meeting on 19th March 2024. The meeting was held at the company's head office in Dubai at 12.15 pm, with some participants joining via video conferencing. The main agenda of the meeting was a general review of the company's business. The company's executive chief officer, Mr. Hamed Ahmad Ali, and the deputy CEO for Licensing, Supervision, Enforcement Affairs at the Securities and Commodities Authority, Mrs. Maryam Butti Al Suwaidi, were informed about the meeting.