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On 11/03/2024, GFH Financial Group B.S.C. announced the sale of 40,777,778 of its treasury shares, representing 1.06% of its total issued shares, to a strategic investor. As a result, the total number of treasury shares held by the company now stands at 57,969,050 shares, representing 1.51% of the total. The announcement was made by Mariam Jowhary, the Head of Compliance & AML of the company.
GFH Financial Group B.S.C. announced on 11/03/2024 that it has received approval from the Central Bank of Bahrain (CBB) to repurchase its shares. The repurchase is in line with the Ordinary General Meeting's resolution dated 14th October 2021, which approved the repurchase of up to 10% of the Group's total issued shares (treasury shares). The company will begin the share repurchase from 12th March 2024. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.
On March 6, 2024, the Abu Dhabi National Takaful Company - PSC -Takaful held a board meeting with all nine members present. The meeting approved the minutes of the previous board meeting and the company's financial statements for the period ending December 31, 2023. The board also approved the invitation to the general assembly meeting scheduled for April 16, 2024, and the meeting's agenda, pending necessary approvals from competent authorities. The board proposed cash dividends of AED 31,500,000.00, representing 30.00% of the paid capital or 31.50 fils per share, to be presented to the General Assembly. Additionally, the board approved the reformation of its committees and discussed and approved general operational issues. The meeting was signed off by the CEO, Osama Abdeen.
The text discusses an integrated report for the financial year that ended on December 31, 2022. The report is likely to provide a comprehensive view of a company's performance over the year, including financial results and other key metrics.