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On April 24, 2024, GFH Financial Group B.S.C. announced that, following the Ordinary General Meeting’s resolution on March 24, 2024, it has received approval from the Central Bank of Bahrain (CBB) to repurchase up to 10% of its total issued shares (treasury shares). The repurchasing process will commence on April 25, 2024. The announcement was made by Mariam Jowhary, the Head of Compliance & AML of the company.
The Board of Directors of United Arab Bank P.J.S.C. has announced a board meeting on 25th April 2024, at 1:00 PM. The purpose of the meeting is to approve the Interim Financial Statements for the period ended 31st March 2024 and to disclose and publish them accordingly. The outcome of the meeting will be shared immediately after its conclusion.
On 23rd April 2024, Al Wathba National Insurance Company (PJSC) held a meeting from 12 PM to 12.45 PM. The meeting was chaired by the Vice Chairman, Mr. Rashed Darwish AlKetbi, and had a quorum of 87.44%. The attendees participated both in person and through electronic voting. The General Assembly approved all decisions and resolutions, including the appointment of the meeting secretary and the vote collector. They also approved the Board of Directors' report on the company's activities and financial position for the fiscal year ended 31/12/2023, the Auditors' report, and the balance sheet and P&L accounts for the same period. The Board's recommendation for a 25% cash dividend distribution from the company's capital, amounting to AED 51,750,000 (AED 0.25 per share), was also approved. The proposed AED 4.5 M remuneration for the Board of Directors was reviewed.