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The GFH Financial Group has announced the acquisition of 14,126,435 of its own shares, also known as treasury shares. This purchase has increased the total holding of treasury shares from 57,969,050 (representing 1.51% of the total issued shares) to 72,095,485 (representing 1.88% of total issued shares) as of 12th March 2024. The decision to buy these shares was made in a company board meeting in September 2021 and the purchase was approved by the Authority in March 2024. The average purchase price for the shares was USD 7020.
On 12th March 2024, the Al Yah Satellite Communications Company PJSC disclosed the results of a written resolution. Seven directors approved two decisions: the approval of the Shareholders’ Circular and the agenda for the Annual General Assembly Meeting, with an invitation for the General Assembly to convene on 25th April 2024 or another agreed date. The second decision approved other general matters related to the company's activities and projects. The authorized signatory for this resolution is Clint Irwin Fransquinho de Barros, the Board Secretary.
The provided text refers to the unaudited condensed interim financial information for Methaq Takaful Insurance P.S.C. for the three-month period ending on 31st March 2023.
The Board of Directors of Bayanat AI PLC issued a written resolution on 12 March 2024 approving the following: the invitation for the Company’s Annual General Assembly meeting to be held on 25 April 2024, the shareholders’ circular related to the company's merger with Al Yah Satellite Communications Company PJSC ("Yahsat”), and the change of Bayanat’s legal name from ‘Bayanat AI PLC’ to ‘Space42 PLC’. The changes are subject to obtaining the approval of the relevant authorities on the merger agreement terms and conditions.
Investcorp Capital has secured a $800m refinancing through a revolving credit facility from an international consortium of banks. This facility will enable the company to repay an existing $600m facility to Investcorp Group. The new facility was arranged by five banks and exceeded its $600m target due to strong interest from regional and international banks, allowing Investcorp Capital to secure an additional $200m. The funds will be used to expand the Capital Financing Services line of Investcorp Capital's business. The company's first half 2024 earnings showed a 47% increase in revenues year-on-year from its Capital Financing Services business. The successful refinancing indicates a strong belief in Investcorp Capital's business and strategy.