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The GFH Financial Group has announced that it has purchased 40,163,773 of its own shares (treasury shares). This acquisition increases the total holding of treasury shares from 108,029,833 (representing 2.82% of the total issued shares) to 148,193,606 (representing 3.87% of the total issued shares) as of 14th March 2024. The decision to purchase the shares was taken in a company board of directors meeting in September 2021, and the purchase was approved by the authority in March 2024. The average purchase price was USD 9420. The purchased shares represent 1.048% of the issued capital.
On 14/03/2024, GFH Financial Group B.S.C. (Trading Code: GFH) announced the nomination results for the membership of its Board of Directors (BOD) for the period 2024-2027. The list of nominees who fulfilled all nomination requirements includes Ghazi Faisal Al Hajeri, Idris Mohammed Al Refai, Hisham Ahmed Al Rayes, Ali Murad Ali, Rashid Naser Al Kaabi, Darwish Abdulla Al Ketbi, Abdullah Taqi Yousif, Fawaz Talal Al Tamimi, Abdalaziz Abdalhamid Al Basam, Abdullah Jihad Al Zain, Sheikha Manwa Bint Ali Bin Khalifa Al Khalifa, Dr. Zafer Rashad Al Jalahma, Shaima Tahami Abdalmotleb, Dr. Naser Salah Boresly, Sushil Kumar Rajmal Jain, Khalid Abdullah Hasham, Radhi Abdul Amir Mahmoud, Muneera Ansa Salem Al Buainain, and Abdulmohsen Bin Rashad Al Rashad. Further details about the nominees can be found in the attached schedules.
The Management Discussion and Analysis (MD&A) report for Q4, 2023 from ARAM Group Company is a comprehensive document that covers the company's performance for the period ending 31st December 2023. The report provides detailed insights into the company's financial position, operational performance, and strategic initiatives.
Ali Musmar, the Chief Executive Officer of ARAM Group Company PJSC, has informed the Abu Dhabi Securities Exchange about the results of their Board of Directors' meeting held on March 14, 2024. The board approved the audited financial statements for the fiscal year ended on December 31, 2023. They also approved the agenda for the General Assembly and scheduled the meeting for April 8, 2024. Other administrative and operational subjects were also discussed. The meeting concluded at 12:30 PM. A copy of this information was also sent to the Securities and Commodities Authority (SCA) in Abu Dhabi, UAE.
The Corporate Governance Report 2023 discusses the governance of the Aram Group Company. It outlines the corporate compliance, board regulations, and the roles of committees and auditors. It also provides information about the Annual General Meeting (AGM).
The ESG Report 2023 discusses various topics related to environmental, social, and governance (ESG) issues. The report emphasizes the importance of sustainability, clean energy, green building, and renewable sources. It also addresses the role of stakeholders and the impacts of carbon emissions and climate change. The report further highlights the potential of solar energy for a better future.