GFH Financial Group B.S.C

The GFH Financial Group has announced the acquisition of 17,453,610 of its own shares (treasury shares), increasing its total holding from 314,148,138 shares (8.20% of total issued shares) to 331,601,748 shares (8.65% of total issued shares). The decision to purchase was taken at a board meeting in September 2021, approved by authorities in March 2024 and executed on 28th March 2024. The average purchase price was USD 0.0630 and the purchased shares represent 0.455% of the issued capital.

GFH Financial Group has announced the purchase of 45,582,673 of its own shares, also known as treasury shares. This acquisition increases the company's total holding of treasury shares from 268,565,465 shares (representing 7.01% of the total issued shares) to 314,148,138 shares (representing 8.20% of the total issued shares) as of March 27, 2024. The decision to purchase these shares was made by the board of directors in September 2021 and approved by the authority in March 2024. The average purchase price was USD 3110 per share, representing 1.189% of the issued capital.

GFH Financial Group B.S.C. has announced the acquisition of 28,556,375 of its own shares (treasury shares) on 26th March 2024. This purchase increases the total holding of treasury shares from 240,009,090 (6.26% of total issued shares) to 268,565,465 (7.01% of total issued shares). The decision to purchase was taken in a board meeting in September 2021 and the Authority approved the purchase in March 2024. The average purchase price was USD 2980 per share.

The GFH Financial Group B.S.C. held their Annual General Meeting on the 24th of March, 2024. The meeting, chaired by Mr. Ghazi Al Hajeri, took place at the GFH House, Bahrain Financial Harbour, and had a total attendance quorum of 37.59%. The meeting approved several items on the agenda, including the minutes of the previous meeting, the Board of Directors' report on the Group's business activities for the year ended 31 December 2023, and the consolidated financial statements for the same year. The Board also recommended allocating the net profit of the year 2023 in various ways, including carrying forward an amount of US$ 10,522,700 to the statutory reserve, allocating US$ 3,000,000 from net value of the Zakat owed from retained earnings, distributing cash dividends of 6.2% of the nominal value of all the ordinary shares, and transferring an amount of US$ 26,340,300 to retained earnings.

On 24th March 2024, GFH Financial Group announced its acquisition of 235,000 treasury shares. This purchase increased the company's total holding of treasury shares from 223,584,061 (5.83% of total issued shares) to 223,819,061 (5.84% of total issued shares). The decision to purchase was made during the company's board of directors meeting in September 2021 and was approved by the Authority in March 2024. The shares were purchased at an average price of USD 4300, representing 0.06% of the issued capital.

The GFH Financial Group has concluded its Annual General Meeting, where shareholders approved a 6.2% cash dividend of the nominal value of all ordinary shares, excluding treasury shares. An amount of US$3 million was also allocated for obligatory Zakat from retained earnings. The minutes of the previous meeting, the Board of Directors' report, the consolidated financial statements for the year ended 31st December 2023, the Sharia Supervisory Board's report, and corporate governance reports were all approved. The Board members were released from liability for their actions during 2023, and the appointment and reappointment of external auditors for 2024 was confirmed. Shareholders authorized the Group to repurchase up to a certain amount of shares.

GFH Financial Group B.S.C. has announced the acquisition of 16,091,447 of its treasury shares, increasing its total holding from 207,492,614 shares (5.41% of total issued shares) to 223,584,061 shares (5.83% of total issued shares) as of 22nd March 2024. The decision to purchase was made in a board meeting in September 2021 and approved by the Authority in March 2024. The shares were purchased at an average price of $0.300 USD per share, representing 0.42% of the issued capital.

The GFH Financial Group B.S.C. has announced the updated list of nominees for the membership of the Board of Directors for a new term from 2024 to 2027. The nominees who have met all the requirements for the nomination include Ghazi Faisal Al Hajeri, Idris Mohammed Al Rifai, Hisham Ahmed Al Rais, Ali Murad Ali, Rashid Nasser Al Kaabi, Dervish Abdullah Al Ketbi, Abdullah Taqi, Fawaz Talal Al Tamimi, Abdulaziz Abdulhamid Al Basam, Abdullah Jihad Al Zain, Sheikha Manwa Bint Ali Bin Khalifa Al Khalifa, Dr. Zafer Rashid Al Jalahmah, Shaima Tahami Abdulmatlab, Dr. Nasser Salah Boresli, Sushil Kumar Rajmal Jain, Khalid Abdullah Hisham, Radhi Abdul Amir Mahmoud, Muneera Salim Al Buainain, and Abdul Mohsen Bin Rashid Al Rashid. Further information on the nominees can be found in the attached schedule.