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Title: GFH GENERAL ASSEMBLY APPROVES 6.2% CASH DIVIDEND AND STRATEGIC CAPITAL ENHANCEMENTS

GFH Financial Group (“GFH” or “the Group”) today announced the successful conclusion of its Annual General Meeting (AGM) and Extraordinary General Meeting (EGM), held at GFH House, Bahrain Financial Harbour, for the financial year ended 31st December 2024. During the meeting, shareholders approved key decisions aimed at reinforcing the Group’s strategic position within the financial sector.The AGM resulted in shareholders endorsing the Board of Directors’ recommendations, which included allocating a dividend of 6.2% of the nominal value of all ordinary shares, except treasury shares, equating to USD 0.0164 per share. Shareholders also ratified the minutes of the previous AGM held on October 9, 2024, alongside the approval of the Board’s report highlighting the Group’s business activities, the external auditor’s report, and the consolidated financial statements for the year ended 31 December 2024. Additional approvals included the corporate governance report, along with the allocation of USD 2.4 million as remuneration for the Board of Directors. Shareholders also authorized the Group to repurchase up to 10% of the total issued shares, subject to Central Bank approval.Subsequently, the Extraordinary General Meeting convened, where important resolutions were approved, including the issuance of Tier 1 Financial Instruments and/or Sukuk (Additional Tier 1 Capital) valued at up to BD 200 million. These capital enhancement measures are designed to fortify the Group’s financial position and support long-term strategic objectives. Additionally, shareholders authorized the Chairman and the CEO to take necessary actions and sign related documents to implement the previously approved recommendations, ensuring swift execution of the Group’s growth strategy.Commenting on t...

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