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Resolution No. (330) of 2024 concerns the temporary suspension of trading on the shares of Gulf Investment House Company. This decision is subject to Article No. (16) of the Regulations concerning the listing of securities on ADX. The suspension is due to a meeting of the Gulf Investment House Company Board of Directors taking place at the same time as the trading session at ADX. Trading will therefore be suspended from 09:00 on 20-Mar-2024 until ADX receives the meeting results. All department heads in ADX are to execute this resolution in their respective fields. The resolution will be circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was approved by the authorised person and issued on 18/03/2024.
The Ordinary General Meeting of GFH Financial Group, scheduled for 17th March 2024, did not meet the required quorum as only 25.68% was achieved. Therefore, a second meeting has been scheduled for 24th March 2024 at 9:30 pm at GFH House, Bahrain Financial Harbour - Sea Front. Due to the postponement, the dividend distribution dates have been updated. The General Meeting Date is now 24th March 2024, Cum-Dividend Date is 1st April 2024, Ex-Dividend Date is 2nd April 2024, Record Date for Bahrain Bourse, Dubai Financial Market and Abu Dhabi Securities Exchange listed shares is 3rd April 2024, Record Date for Boursa Kuwait listed shares is 4th April 2024, and Payment Date is 16th April 2024. These dates are subject to the quorum being met on the meeting date. The acceptance of requests for share transfers across all financial markets will be suspended for a period of four days between the “Cum-Dividends Date” and the “Record Date at Boursa Kuwait”.
The GFH Financial Group has announced that the Ordinary General Meeting scheduled for 17th March 2024 did not meet the required quorum, with participation reaching only 25.68%. As a result, the meeting has been rescheduled for 24th March 2024. The updated dividend distribution dates, subject to the meeting quorum being met, are as follows: General Meeting Date on 24th March 2024, Cum-Dividend Date on 1st April 2024, Ex-Dividend Date on 2nd April 2024, Record Date for Bahrain Bourse, Dubai Financial Market and Abu Dhabi Securities Exchange listed shares on 3rd April 2024, Record Date for Boursa Kuwait listed shares on 4th April 2024, and Payment Date on 16th April 2024. The acceptance of requests for share transfers across all financial markets will be suspended for four days between the Cum-Dividend Date and the Record Date at Boursa Kuwait.