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01 january 2014
Home > Issuers > Listed Securities > Securities > Company Profile Page

GFH Financial Group B.S.C.

GFH
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0.060
3.090%
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  • Market: DFM
  • Symbol: GFH
  • ISIN: BH000A0CAQK6
  • Sector: Banks

Company Brief

Country of Origin: Kingdom of Bahrain

Since its establishment in 1999, Bahrain based Gulf Finance House (GFH) has been a key contributor in the development of regional Islamic financial institutions and infrastructure projects across the Middle East. Its shares are listed on the Kuwait Stock Exchange, the Bahraini Stock Exchange, the Dubai Financial Market and the London Stock Exchange in the form of a GDR. It has been responsible for the creation of leading Middle Eastern financial institutions such as First Energy Bank, QInvest, and Khaleeji Commercial Bank. In addition, GFH has created a wide range of significant economic infrastructure projects across the MENA region and beyond.

Key Facts

ESTABLISHED

Nov 6, 1999

AUDITOR

KPMG - ERNST & YOUNG

FISCAL YEAR END

DECEMBER

REGISTRAR

FAKHRO KARVY COMPUTERSHARE W.L.L.

Board Members

CHAIRMAN

Shaikh Ahmed Bin Khalifa Al Khalifa

DEPUTY

Mr. Ahmed Khalil Mohammad Samea Al Mutawa

MEMBERS

Mr. Jassim Mohamed Rafi Alseddiqi Alansaari

Mr. Kamal Abdullah Bahamdan

Mr. Mazen Bin Mohammed Al Saeed

Mr. Mosobah Saif Mosobah Al Mutairy

Mr. Rashid Nasser AlKaabi

Mr. Ghazi F. Alhajeri

Mr. Bashar Mohamed Ebrahim Al Lutawa

Mr. Hisham Ahmed AlRayes

Top Management

CEO

Mr. Hisham Al Rais

Chief Administrative Officer

Mr. Mohamed Ameen Hasan

Head of Investment Management

Mr. Salm Patel

CFO 

Mr. Chandan Gupta

General Counsel
Mr. Nicholas Polley

Head of Risk Management
Mr. Ajay Subramanian

Equity Profile

DATE OF LISTING:

May 14, 2006

SECTOR:

Banks

AUTHORIZED CAPITAL:

1,500,000,000.00 USD

ISSUED SHARES:

2,482,241,743.00

PER VALUE SHARE:

0.26 USD 

Subsidiaries


Gulf Finance House Commercial Bank Bahrain 100.00 %
Al-Sharq Limited Cayman Islands 84.00 %
GFH Sukuk Limited Cayman Islands 100.00 %
Legends Development Company LLC (“Legends”) UAE 100.00 %
G Capital Limited (formerly known as Injazat Capit UAE 100.00 %
KHCB Asset Company Cayman Islands 100.00 %
Harbour Real Estate S.P.C (x 9) Bahrain 100.00 %

Affiliates
Osoul House Ltd British Virgin Islands 23.00 %
Balexco House Ltd British Virgin Islands 76.00 %
Injazat Technology Fund E.C Bahrain 30.20 %
Mina Manama Inc Cayman Islands 50.00 %
First Leasing Bank BSC © Bahrain 22.50 %

Contact Details

Head Office:

Bahrain

Address:

Gulf Finance House BSC, Al Salam Tower, Diplomatic Area, PO Box 10006, Manama, Kingdom of Bahrain

Phone No.

+ 973 17 538 538

Fax No.

+973 17 540006

Email address:

info@gfhouse.com

Website:

http://www.gfh.com

Showing Last 10 Disclosures - GFH View all
GFH 28-06-2017 08:06 AM

BOD meeting

1 File(s)
GFH 28-06-2017 08:03 AM

Notification from the company

1 File(s)
GFH 21-06-2017 02:08 AM

Notification from the company

1 File(s)
GFH 07-06-2017 09:06 AM

Notification from the company

1 File(s)
GFH 05-06-2017 09:19 AM

Clarification of the news published in media

1 File(s)
GFH 31-05-2017 09:20 AM

Notification from the company

1 File(s)
GFH 18-05-2017 09:12 AM

Notification from the company

1 File(s)
GFH 11-05-2017 08:22 AM

Notification from the company

1 File(s)
GFH 08-05-2017 08:11 AM

Notification from the company

1 File(s)
GFH 03-05-2017 08:21 AM

Press release regarding financial results for the 1st QTR of 2017

1 File(s)
Showing Last 10 Issuer News - GFH View all
GFH 16-04-2017 08:02 AM

Notification from the company

1 File(s)
GFH 12-02-2017 08:11 AM

Notification from the company

1 File(s)
GFH 26-12-2016 02:23 AM

Clarification from the company

1 File(s)
GFH 26-12-2016 08:59 AM

Notification from the company

1 File(s)
GFH 20-11-2016 08:12 AM

Notification from the company

1 File(s)
GFH 27-09-2016 02:48 AM

Press release regarding a subsidiary of GFH

1 File(s)
GFH 02-06-2016 09:12 AM

Press release

1 File(s)
GFH 24-05-2016 08:51 AM

Notification from the company

1 File(s)
GFH 17-05-2016 08:38 AM

Press release

1 File(s)
GFH 02-02-2016 08:32 AM

Notification regarding a subsidiary of GFH

1 File(s)
Showing Last 10 Financial Reports - GFH View all
GFH 03-05-2017 07:34 AM

Financial statements for the 1st QTR of 2017

1 File(s)
GFH 31-12-2016 01:09 AM

Financial statements for the year of 2016

1 File(s)
GFH 30-09-2016 10:30 AM

Financial statements for the 3rd QTR of 2016

1 File(s)
GFH 30-06-2016 01:08 AM

Financial statements for the 2nd QTR of 2016

1 File(s)
GFH 01-05-2016 10:30 AM

Financial statements for the 1st QTR of 2016

1 File(s)
GFH 31-03-2016 03:40 AM

Financial statements for the year of 2015

1 File(s)
GFH 12-11-2015 03:58 AM

Financial statements for the 3rd QTR of 2015

1 File(s)
GFH 13-08-2015 03:47 AM

Financial statements for the 2nd QTR of 2015

1 File(s)
GFH 14-05-2015 03:30 AM

Financial statements for the 1st QTR of 2015

1 File(s)
GFH 23-02-2015 03:30 AM

Financial Statements for the year 2014

1 File(s)
Showing Last 10 General Meetings - GFH View all
Meeting Date/TimeMar 01, 2017 10:00:00 AMType of MeetingGeneral Assembly
Net Profit/Loss233048000Cash Dividend10
Bonus Share10
Announcements/Resolutions
  1. The minutes of the previous Ordinary General Meeting held on 5th April 2016 were approved.


  2. The Board of Directors’ report on the Group’s business activities for the year ended 31st December 2016 was discussed and approved.


  3. The Sharia Supervisory Board’s report on auditing the Group’s business activities for the year ended 31st December 2016 was discussed.


  4. The external auditors’ report about the consolidated audited financial statements for the year ended 31st December 2016 was discussed.


  5. The consolidated audited financial statements for the year ended 31st December 2016 was discussed and approved.


  6. The Board of Directors’ recommendation to allocate the net profits for the year 2016 as below was approved:

  1. Transfer of a sum of US$ 21,712,400 to the Statutory Reserve account.

  2. Allocation of an amount of US$ 2,000,000 to charities and civil society institutions and US$ 1,509,620 to Zakah Fund.

  3. Distribution of cash dividends to all ordinary shares as per the shareholders register on the date of the OGM at a rate of 10% of the par value at US$0.0265 per share with a total sum of US$ 59,799,460. The general assembly has recommended to increase the cash dividends rate to 12% subject to the Central Bank of Bahrain’s approval.

  4. Transfer of the remaining sum amount of US$ 65,727,060 to the Retained Earnings account.

7. The Board of Directors’ recommendation to distribute 10% bonus shares of 1 share for each 10 shares held by the shareholder as on the OGM day, which amounts to 225,658,340 shares, was approved.

8. The Board of Directors’ recommendation to allocate US$2,500,000 as remuneration to the Board of Directors was approved.

9. The corporate governance report for the financial year ended 31st December 2016 was discussed and approved, and shareholders were informed of the Bank’s compliance with the Central Bahrain of Bahrain’s requirements with regards to the same.

10. The operations and transactions carried out during the past year with the related parties or major shareholders of GFH(as outlined in the Board of Directors report presented to the general assembly and consolidated audited financial statements) was authorized, ratified and approved in line with Article 189 of Bahraini Companies Law.

 

11. The Board of Directors were authorized to issue new shares up to 300,000,000 share for the GFH Employee Benefit Trust as per the internal remuneration framework.

 

12. After discussing the Board of Directors’ proposal regarding the feasibility of continuing listing of GFH’s shares on Boursa Kuwait or de-listing it, where by the obstacles faced by GFH during the past year were presented and discussed in addition to discussions of the resolutions presented in this regards, the general assembly has un-animiously resolved the following:

 

The continuation of listing of GFH’s shares in Boursa Kuwait was resolved.  The Board of directors were given absolute and unconditional authority to take all necessary measures and resolutions as per regulatory authorities’ requirements and internal procedures, regarding the continuation of listing or de-listing from Boursa Kuwait in consideration of future developments resultant from the management’s endeavors and attempts with the concerned regulatory authorities to avoid the same obstacles in the future.

 

13. The members of the Board were released from their liability in respect of the operation of the Group for the financial year ended 31st December 2016.

14. The appointment/reappointment of the auditors of GFH for the financial year ending in 31 December 2017 (subject to obtaining the approval of the CBB) and the authorization of the Board of Directors to fix their fees was approved.  

15. The appointment/reappointment of the Shari’a Supervisory Board for the financial year ending in 31 December 2017 was approved.

16. The below were appointed as members of the Board of Directors, subject to obtaining the approval of the Central Bank of Bahrain:

  1. HE Shaikh Ahmed Khalifa Al Khalifa

  2. Dr. Ahmed Khalil Al Mutawa

  3. Mr. Jassim Mohammed Al Seddiqi

  4. Mr. Kamal Abdullah Bahamdan

  5. Mr. Mazen Bin Mohammed Al Saeed

  6. Mr. Mosobah Saif Al Mutairy

  7. Mr. Rashid Nasser Al Kaabi

  8. Mr. Ghazi F. Alhajeri

  9. Mr. Bashar Mohamed Al Mutawa

  10. Mr. Hisham Ahmed Al Rayes


b) Extraordinary General Meeting 

  1. The minutes of the previous Extraordinary General Meeting held on 12th April 2015 was approved.

  2. The Board of Directors’ recommendation to increase the authorized capital of GFH from US$1,500,000,000 divided into 5,660,377,358 share to US$2,500,000,000 divided into 9,433,962,264 share at a nominal value of US$0.265 per share was discussed and approved.

  3. GFH’s new strategy to acquire financial institutions, infrastructure investments, and investment assets by swapping the shares of the investors and shareholders of those companies with GFH shares through issuance of new shares by increasing the issued and paid up-capital from US$ 597,994,604 to US$ 1,498,994,604 as below was discussed and approved,subject to obtaining all relevant authorities’ approvals:

     

  1. Increasing the capital up to US$450,500,000 by way of issuance of up to 1,700,000,000 new share at a nominal value of US$ 0.265 in addition to a share premium of US$ 0.688 (total share value of US$ 0.953 – equivalent to 0.36 Bahraini Dinar / Emirati Dirham 3.5/ Kuwaiti Dinar 0.29) allocated for the acquisition of a number of infrastructure projects and investment funds.

     

  2. Increasing the capital up to US$450,500,000 by way of issuance of up to 1,700,000,000 new shares at a nominal value of US$ 0.265 in addition to a share premium to be determined by the Board of Directors as per market conditions, to be allocated for the acquisition of a number of financial institutions and strategic assets.

4. Waiver of the current shareholders’ pre-emption right to the new ordinary shares that shall be issued as per Clause (3) of the agenda was discussed and approved.

5) The Board of Directors were authorized to impose any other provisions or conditions related to the referred acquisitions as per Clause (3) of the agenda.

6) The Chairman and/or Chief Executive Officer or the person acting on his behalf were approved and authorized to take all necessary measures needed to carry out the above mentioned actions, including and not limited to, representing GFH in the final negotiations for the acquisitions as mentioned above and to take all necessary steps with any related parties,related regulatory authorities inside or outside of the Kingdom of Bahrain and all the markets in which GFH’s shares are listed.  In addition, to signing all the papers and the final contracts of the acquisition, and to carry out and sign any other documents or amendments to the Memorandum of Association and the Articles of Association of GFH Group on behalf of shareholders of GFH before the Notary in the Kingdom of Bahrain in relation to the agenda.

7) The amendments to the Memorandum of Association and Articles of Association of GFH in line with the requirements of Law No. (50) of 2014 amending certain provisions of the Commercial Companies Law issued under Law No. (21) of 2001, and to add the necessary amendments as per the agenda by redrafting the Memorandum of Association and Articles of Association to include all these amendments was  discussed and approved.

 


Last Date For Dividend EntitlementWednesday, March 01, 2017Ex-Dividend DateThursday, March 02, 2017
Register Closing (Settlement) DateSunday, March 05, 2017Trading Suspension Date
Trading Resuming DateDividends Payment DateSaturday, March 11, 2017
Payment EntityMeeting VenueGFH premises
1 File(s)
Meeting Date/TimeApr 05, 2016 11:00:00 AMType of MeetingAnnual General Meeting
Net Profit/Loss12,025,000Cash Dividend
Bonus Share
Announcements/Resolutions

1.       The minutes of the previous year AGM which was held on 12th April 2015, were approved.

 

2.       The Board of Directors’ report on the bank’s business activities for the year ended 31 December 2015 was discussed and approved.

 

3.       The Sharia Supervisory Board’s report on the bank’s business activities for the year ended 31 December 2015 was discussed.

 

4.       The auditor’s report on the accounts of the financial year ended 31 December 2015 was discussed.

 

5.       The closing of accounts of the financial year ended 31 December 2015 was discussed and approved.

 

6.       The corporate governance report for the financial year ended 31 December 2015 was discussed and approved, and shareholders were informed of the Bank’s compliance the Central Bahrain of Bahrain’s requirements with regards to the same.

 

7.       The members of the Board were released from their liability in respect of the Bank for the financial year ended 31 December 2015.

 

8.       The appointment/reappointment of the auditors of GFH for the financial year ending in 31 December 2016 (subject to obtaining the approval of the CBB) and the authorization of the Board of Directors to fix their fees was approved.

 

9.       The appointment/reappointment of the Shari’a Supervisory Board for the financial year ending in 31 December 2016 was approved.

 

10.   The increase in the number of the Board of Directors members to ten members was approved.

 

11.   Mr. Jassim Alseddiqi has been appointed as the 9th Board member for the remaining period of the current Board of Directors (subject to obtaining the approval of the Central Bank of Bahrain).

 

12.   Mr. Hisham Alrayes was elected by acclamation as the 10th Board member for the remaining period of the current Board of Directors (subject to obtaining the approval of the Central Bank of Bahrain).

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueBahrain Financial Harbour, East Tower, 28th floor
1 File(s)
Meeting Date/TimeApr 12, 2015 11:00:00 AMType of MeetingAGM & EGM
Net Profit/Loss17,034,000Cash Dividend
Bonus Share
Announcements/Resolutions

AGM Resolutions:

1.     The minutes of the previous year AGM which was held on 14th April 2014, were approved.

2.     The Board of Directors’ report on the bank’s business activities for the year ended 31 December 2014 was discussed and approved.

3.     The auditor’s report about the accounts of the financial year ended 31 December 2014 was discussed.

4.     The Sharia Supervisory Board’s report on the bank’s business activities for the year ended 31 December 2014 was discussed.

5.     The closing of accounts of the financial year ended 31 December 2014 was discussed and approved.

6.     The Board of Directors’ recommendation to allocate the net profit for the year as per below was approved:

a.     To transfer a sum of US$1,105,867 to the Statutory Reserve account.

b.     To transfer the remaining amount of US$9,952,805 to the Retained Earnings account.

7.     The corporate governance report for the financial year ended 31 December 2014 was discussed.

8.     The internal remuneration system in accordance with the requirements of the Central Bank of Bahrain was approved. In addition, the Board of Directors was authorized to set out the policies and procedures pertaining to the implementation of this system and, whenever required from time to time, make the changes that it deems fit, subject to the CBB’s approval, was approved.

9.     The members of the Board were released from their liability in respect of their management of GFH for the financial year ended 31 December 2014.

10.   The appointment/reappointment of the auditors of GFH for the year 2015 and authorize the Board of Directors to fix their fees (upon obtaining the approval of the CBB).

11.   The appointment/reappointment of the Shari’a Supervisory Board of GFH for the year 2015 was approved.

 

EGM Resolutions:

1.        The minutes of the previous meeting held on 14th February 2014, were approved.

2.        The Board of Directors’ proposal on the elimination of the accumulated losses to allow for distribution of dividends in future through reducing the company’s issued and paid-up capital from US$1,494,986,505 divided into 5,641,458,509 shares of a nominal value of US$0.265 each to US$597,994,604, divided into 2,256,583,403 shares of a nominal value of US$0.265 per share (at a rate of reduction of 6 shares for each 10 shares held approximately) was approved.

3.        The Board of Directors’ proposal whereby GFH will own up to                10% of its capital as treasury shares to support the market price of the share was approved.

4.        The Board of Directors’ proposal to change the commercial name of the Company from “Gulf Finance House” to “GFH Financial Group B.S.C.” was approved.

5.        The Board of Directors’ resolution to amend the Memorandum of Association and Articles of Association in accordance with the provisions of Law No. (50) of 2014 with respect to the amendment of some provisions of the Commercial Companies Law promulgated by Legislative Decree No. 20 of 2001 was approved.

6.        The Board of Directors’ resolution to amend the Memorandum of Association and Articles of Association of the Company to be in compliance with the remuneration regulations issued by the CBB, whereby Clauses (c) and (e) of Article (6) in both the Memorandum and Articles of Association of the Company shall be deleted as well as Clause (a.2.) of Article 65 of the Articles of Association, was approved.

7.        The amendment of the Memorandum and Articles of Association to reflect the changes indicated in this Agenda was approved.

8.        The Chairman or the person acting on his behalf was authorized to sign amendment to the Memorandum and Article of Association on behalf of the shareholders before the Notary Public to reflect the above changes to the capital.

 

Other Matters:

1.        The Board of Directors was authorized to perform an analysis of the continuation of GFH’s shares listing in London Stock Exchange (GDR) and Kuwait Stock Exchange and adopt the necessary resolutions in this respect, subject to receiving the necessary regulatory approvals if required.

Last Date For Dividend EntitlementThursday, April 16, 2015Ex-Dividend Date
Register Closing (Settlement) DateMonday, April 20, 2015Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueGFH’s premises, Bahrain Financial Harbour, East Tower, 28th floor - Bahrain
1 File(s)
Meeting Date/TimeApr 04, 2013 11:00:00 AMType of MeetingAnnual General Meeting
Net Profit/Loss10,027,000.00Cash Dividend0%
Bonus Share0%
Announcements/Resolutions

Approved the minutes of the meeting of the previous AGM held on 29/03/2012
The ratification of the report of the Governing Council on the work of the Bank for the financial year ended 31/12/2012
Discuss the auditors' report for the financial year ended 31/12/2012
Discuss the Sharia Supervisory Board report on the audit work in the bank for the financial year ended 31/12/2012
The ratification of the final accounts for the financial year ended 31/12/2012
  Adopt the recommendation of the Board of Directors not to distribute any dividend for the financial year ended 31/12/2012
To approve the transfer of U.S. $ 1,002,700 to the legal reserve
Discuss the Corporate Governance Report for the fiscal year ended 31/12/2012
 Discharge of the members of the Board of Directors and auditors for the financial year ended 31/12/2012
 New members were elected complementary membership of the Governing Council so that the number of members of eight
Approved re-appointment of Messrs. KPMG auditors for 2013 and to authorize the Board of Directors to determine their remuneration
Has to approve the re-appointment of Sharia Supervisory Board for 2013

 

 

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension DateThursday, April 04, 2013
Trading Resuming DateSunday, April 07, 2013Dividends Payment Date
Payment EntityMeeting VenueMeeting Room of the Bank
1 File(s)
Meeting Date/TimeMar 29, 2012 11:00:00 AMType of MeetingAnnual General Meeting
Net Profit/Loss381,000.00 USDCash DividendN/A
Bonus ShareN/A
Announcements/ResolutionsRatify the minutes of the Ordinary General Meeting held on 08/05/2011 former. Discuss the report of the Board of Directors on the work of the Bank for the financial year finished in 31/12/2011 and approval. Listen to the auditors' report on the accounts of the financial year ended 31/12/2011. Discussion and adoption of the final accounts for the financial year finished in 31/12/2011 and ratified. Aatma Board's recommendation not to distribute the allocations for the financial year ended 31/12/2011. Listen to the report of the Sharia Supervisory Board of the bank in the Audit for the financial year ended 31/12/2011. The report of governance for the financial year finished on 31/12/2011. Discharge of the members of the Board of Directors of the responsibility for their actions during the financial year ended 31/12/2011. Approve the appointment / re-appointment of auditors for Mrach bank accounts for the year 2012 and authorize the Board of Directors to fix their fees (sub
Last Date For Dividend EntitlementN/AEx-Dividend DateN/A
Register Closing (Settlement) DateN/ATrading Suspension Date29/03/2012
Trading Resuming Date29/03/2012Dividends Payment Date
Payment EntityMeeting VenueMeeting room of the Bank - level 28- East Tower- Bahrain Financial Harbour
1 File(s)
Meeting Date/TimeMay 08, 2011 12:00:00 AMType of MeetingAnnual General Meeting
Net Profit/Loss$ (349,401,000)Cash Dividend-
Bonus Share-
Announcements/ResolutionsالعربيةالإنجليزيةالإسبانيةAlpha - Inform the gentlemen to contribute to the activities of the bank and its financial performance during 2010 in light of current market conditions Measures taken by the bank to keep pace with the economic environment and return to profitability and growth Shareholders informed on all the items on its agenda, including the corporate governance report, the board report on the activities of the Bank's business and details of audited financial statements for the year ended December 31, 2010 and approved all A number of decisions regarding the formation of new Board of Directors of the Bank to take over the duties of the next three years (2011-2014) taking into account the approval of the Central Bank of Bahrain
Last Date For Dividend Entitlement-Ex-Dividend Date-
Register Closing (Settlement) Date-Trading Suspension Date-
Trading Resuming Date-Dividends Payment Date-
Payment Entity-Meeting VenueBank Meeting Room
Meeting Date/TimeNov 14, 2010 10:00:00 AMType of MeetingExtraordinary Meeting
Net Profit/LossUSD $ -728,379,000Cash Dividend
Bonus Share
Announcements/Resolutions- Approved casing changes on Memorandum of Association and Article of Association - Approved the minutes of the meeting held previously - Decrease Company’s paid up capital by combining the shares at the ratio of 4:1 – Approved issuing convertible bonds valued to USD$ 500,000,000
Last Date For Dividend Entitlement14/10/2010Ex-Dividend Date17/10/2010
Register Closing (Settlement) Date18/10/2010Trading Suspension Date17/10/2010
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueAl Arin Palace & Resort
Meeting Date/TimeNov 14, 2010 10:00:00 AMType of MeetingAnnual General Meeting
Net Profit/LossUSD $ -728,379,000Cash Dividend
Bonus Share
Announcements/Resolutions- Approved the minutes of the meeting held previously – Approved exchange the shares between the company and the chairman – Approved updating the share book to an electronic type
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date17/10/2010
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueAl Arin Palace & Resort
Meeting Date/TimeMar 24, 2010 11:00:00 AMType of MeetingAnnual General Meeting
Net Profit/LossUS$ -728,379,000Cash Dividend
Bonus Share
Announcements/Resolutions- Approved the minutes of the last AGM held on 10/09/2009 - Approved BOD report – Approved auditor’s report and the financial statements for the year ended 31/12/2009 – Approved Sharia’s supervisory board report - Approved releasing BOD and auditors from liability – Approved the resignation of some BOD members – Approved Appointing Auditors for the financial year 31/12/2010 – Approved appointing of the Sharia’ Supervisory Board for the year 2010
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date24/03/2010
Trading Resuming Date25/03/2010Dividends Payment Date
Payment EntityMeeting VenueBanyan Tree Hotel
Meeting Date/TimeSep 10, 2009 11:00:00 AMType of MeetingExtraordinary Meeting
Net Profit/LossUS$ 291,885,000Cash Dividend
Bonus Share
Announcements/Resolutions- Approved increasing the Authorized capital from USD 500 million to USD 1.5 Billion - Approved Icreaseing the paid up capital from USD 315,375,117 to USD 615,375,117
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueGULF Hotel, Bahrain
Top ShareholdersLast Refreshed at: 28 June 2017

Individual Investors

ShareholdersPercentage
شركه المتكامله كابيتال ش .م.خ 12.54%
ADEL ABDULHAMMED IBRAHIM A ALHOSANI 5.89%

No data could be found.
Foreign Investments View all
National GCC Arab Other Nationalities
Country of Origin Actual Permitted Actual Permitted Actual Permitted Actual Permitted As of Date:
Kingdom of Bahrain 7.41% 100% 80.84% 100% 6.51% 100% 5.24% 100% 28-06-2017
Showing Last 10 Corporate Governance Reports - GFH View all
No data could be found.
Showing Corporate Actions - GFH View all
Year2017Corporate Action TypeCash dividends & Bonus Shares
Last Date For Action Entitlement3/1/2017Ex-Dividend Date3/2/2017
Register Closing (Settlement) Date3/5/2017Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 10% cash dividends & Bonus Shares as agreed at the GA held on 01/03/2017
Year2015Corporate Action TypeCapital Reduction
Last Date For Action Entitlement4/16/2015Ex-Dividend DateNot Available
Register Closing (Settlement) Date4/20/2015Trading Suspension Date4/19/2015
Trading Resuming Date4/20/2015Run (Effective) DateNot Available
Corporate Action DetailsCapital reduction as agreed at the EGM held on 12/04/2015 for 60%
Year2010Corporate Action TypeCapital Decrease
Last Date For Action Entitlement10/14/2010Ex-Dividend Date10/17/2010
Register Closing (Settlement) Date10/18/2010Trading Suspension Date10/17/2010
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsEGM decision dated 14/11/2010, by combing the shares at the ratio of 4:1
Year2009Corporate Action TypeCash Dividends
Last Date For Action Entitlement2/18/2009Ex-Dividend Date2/19/2009
Register Closing (Settlement) Date2/22/2009Trading Suspension Date2/18/2009
Trading Resuming Date2/19/2009Run (Effective) Date3/1/2009
Corporate Action DetailsDistribute 20% cash dividends as agreed at the AGM held on 18/2/2009.
Year2009Corporate Action TypeBonus Shares
Last Date For Action Entitlement2/18/2009Ex-Dividend Date2/19/2009
Register Closing (Settlement) Date2/22/2009Trading Suspension Date2/18/2009
Trading Resuming Date2/19/2009Run (Effective) Date2/23/2009
Corporate Action DetailsIssue 20% bonus shares as agreed at the AGM held on 18/2/2009 leading the number of shares reaches 955,682,172
Year2008Corporate Action TypeBonus Shares
Last Date For Action Entitlement2/17/2008Ex-Dividend Date2/18/2008
Register Closing (Settlement) Date2/19/2008Trading Suspension Date2/17/2008
Trading Resuming Date2/18/2008Run (Effective) Date2/18/2008
Corporate Action DetailsIssue bonus shares in the ratio of (10%) activated as agreed at the Annual General Meeting and Extra Ordinary Meeting held on 17/02/2008. Number of shares becomes 793,983,303.00
Year2008Corporate Action TypeCash Dividends
Last Date For Action Entitlement2/17/2008Ex-Dividend Date2/18/2008
Register Closing (Settlement) Date2/19/2008Trading Suspension Date2/17/2008
Trading Resuming Date2/18/2008Run (Effective) DateNot Available
Corporate Action DetailsDistribute 85% cash dividends as agreed in their AGM held on17/02/2008.
Year2007Corporate Action TypeBonus Shares
Last Date For Action Entitlement2/18/2007Ex-Dividend Date2/19/2007
Register Closing (Settlement) Date2/20/2007Trading Suspension Date2/18/2007
Trading Resuming Date2/19/2007Run (Effective) Date2/20/2007
Corporate Action DetailsIssue 12% bonus shares as agreed at the AGM held on 18/2/2007, leading the number of outstanding shares reaches 23,989,373.
Year2007Corporate Action TypeCash Dividends
Last Date For Action Entitlement2/18/2007Ex-Dividend Date2/19/2007
Register Closing (Settlement) Date2/20/2007Trading Suspension Date2/18/2007
Trading Resuming Date2/19/2007Run (Effective) Date2/20/2007
Corporate Action DetailsDistribute 63% cash dividends as agreed at the AGM held on 18/2/2007.
Disclaimer
  • Ownership percentage is subject to change based on several reasons including the following:
    1. Trading activity.
    2. Off-Market Transactions such as family and inheritance transfers.
    3. Changes in the nationality status of investors.
    4. Securities deposits and withdrawals to and from DFM for Dual listed companies.
    5. Capital increase by issuing new shares to a strategic investor.
    6. Converting Bonds into shares.
    7. Equity added to the equity of the associated group.
    8. Direct Deals.

 

Percentages are updated daily after 4 pm
Disclaimer
The above published Ownership Percentages:
  • Are updated daily at the end of every trading day based on date of trade and not settlement date.

  • The ownership percentages are rounded off to 2 decimal places

  • Ownership percentages are subject to change due to the following:

    1. Trading activities.

    2. Off-Market Transactions such as family and inheritance transfers.

    3. Changes in the nationality status of investors.

    4. Securities deposits and withdrawals to and from DFM for Dual listed companies.

    5. Capital increases, by issuing new shares to Strategic investor

    6. Converting bonds or Sukuk into shares.

    7. Changes of associated group’s ownership.

    8. Direct Deals. (The ownership percentage is changed immediately after the execution of the deal).

    9. Failed trade settlement.


DISCLAIMER

The information provided in this document is only available in Arabic due to the (Dubai court attestations only being in Arabic herein after referred thereto as (“Information”) is provided by way of general information and comment only. While reasonable care has been taken in producing this Information, changes in circumstances may occur at any time and may impact on the accuracy of the Information. The Information does not constitute professional advice or provision of any kind of services and should not be relied upon as such.  Dubai Financial Market (“DFM”) and/or its affiliates, officers or employees,  does not give any warranty or representation as to the accuracy, reliability, timeliness or completeness of the Information now or in the future. DFM shall not be liable for any loss suffered, directly or indirectly by any person acting in reliance upon the Information contained herein. 


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