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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 announced on 22 March 2024 that it has acquired an additional 16,091,447 of its own shares (treasury shares), increasing its total treasury shares from 207,492,614 (5.41% of total issued shares) to 223,584,061 (5.83% of total issued shares). The decision to purchase was taken in a board meeting in September 2021, with authority approval given in March 2024. The shares were purchased at an average price of USD 0.0300.
The Board of Directors of United Foods Company (PJSC) is inviting shareholders to attend a general assembly meeting on April 17, 2024, at the company's main office or via a visual communication app. The agenda includes reviewing and approving the company's activities, financial position, and auditors' report for 2023, discussing the proposals for cash dividends totaling 18,150,000 UAE Dirhams, considering the discharge or dismissal of directors and auditors, approving board members' remunerations, and appointing external auditors for 2024. A special resolution will be discussed regarding Modern Bakery (LLC), a client worth approximately AED 125,000 per month. Shareholders are also reminded to update their contact details with Dubai Financial Market for dividend receipt.
The text refers to the consolidated financial statements of Sharjah Cement & Industrial Development Co. (PJSC) and its subsidiary as of December 31, 2023.