GFH Financial Group B.S.C

On January 14, 2024, GFH Financial Group B.S.C. announced the appointment of Mr. Ayman Zaidan as Group Chief Treasury & Financial Institutions. He replaced Mr. Damian Philip White, who resigned due to personal reasons. Mr. Ayman has over 30 years of experience in the banking industry, having previously worked with First Energy Bank, National Bank of Kuwait, and most recently, Qatar First Bank. He holds a Bachelor of Science in Accounting and Business Administration from the University of Jordan.

On December 13, 2023, GFH Financial Group B.S.C. (trading code: GFH) announced the opening of Raffles Hotels & Resort and the launch of a new masterplan for its Areen project. The investment is expected to have a positive impact on the group's financials and increase its returns. Further details can be found in the attached press release. The announcement was made by Mariam Jowhary, the Head of Compliance & AML.

The GFH Financial Group B.S.C. has announced a board meeting scheduled for 13th February 2024 at 2 p.m. Kingdom of Bahrain's time. The agenda of the meeting will cover the financial results for the year ended 31st December 2023 and other internal matters. The announcement is signed by Mariam Jowhary, the Head of Compliance & AML.

On 07/12/2023, GFH Financial Group B.S.C. (trading code GFH) announced that its fully owned subsidiary, GFH Partners Ltd., has sold and exited from its first Diversified US Student Housing Portfolio. The financial impact of this transaction is expected to positively influence the Group's financials and increase its returns. For more details, reference is made to the attached release. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.

The GFH Financial Group B.S.C. has announced the appointment of Mr. Suryanarayanan Hariharan as the new Group CFO effective from November 30, 2023. The current Group CFO, Mr. Srinivasan Rathinam, will serve as an Advisor to the Group CEO.

The text provides the commercial registration, office address, contact details, and board directors of an Islamic wholesale bank registered with the Central Bank of Bahrain. The bank's registered office is in the Bahrain Financial Harbour, specifically on the 29th floor of Building 1398, East Tower. The board of directors include Ghazi Faisal Ebrahim Alhajeri as Chairman, Edris Mohammed Rafi Alrafi as Vice Chairman, and Hisham Ahmed Alrayes as the CEO. The bank's auditors are KPMG Fakhro. The text also mentions the GFH Financial Group BSC's condensed consolidated interim financial information as of 30 September 2023.

GFH Financial Group B.S.C. (Trading Code: GFH) announced the successful broadcast of its live webcast session on 14th November 2023. The webcast, which discussed the company's Q3 2023 financial results, was held at 1:00 p.m. Bahrain time. The company had earlier notified the market about the webcast on 9th November 2023. The announcement also included a presentation and the script of the live webcast.

The text provides information about GFH Financial Group BSC, a wholesale Islamic bank registered under the Central Bank of Bahrain with the commercial registration number 44136. The bank's registered office is located on the 29th floor of Building 1398, East Tower, in the Bahrain Financial Harbour, Manama, Kingdom of Bahrain. The board of directors includes Ghazi Faisal Ebrahim Alhajeri as Chairman and Edris Mohammed Rafi Alrafi as Vice Chairman, amongst others. The CEO is Hisham Ahmed Alrayes and the auditors are KPMG Fakhro. The text refers to condensed consolidated interim financial information as of 30 September 2023.

GFH Financial Group has reported a 19.14% year-on-year increase in net profit attributable to shareholders for the first nine months of 2023, totaling $78.92 million. The income for the third quarter of 2023 was $87.53 million, with a shareholders profit of $24.31 million. The group attributes its strong financial performance to effective strategy implementation and contributions from its core business lines. The company also generated $75.75 million of income from investment banking activities during Q3 2023 and closed three new transactions. The group's ratings were affirmed by Capital Intelligence Ratings, highlighting its sound liquidity, low refinancing risk, and diversified assets.