Business
ZAWYA: GFH general assembly approves 10.11% cash dividend
ZAWYA: GFH general assembly approves 10.11% cash dividend
About this update from Gfh Bank B.s.c.
Manama, Bahrain: GFH Financial Group (“GFH” or “the Group”) today announced the successful conclusion of its Annual General Meeting (AGM), held at GFH House, Bahrain Financial Harbour, for the financial year ended 31st December 2025, with shareholders also able to participate via virtual attendance.During the Annual General Meeting, shareholders approved a number of key resolutions reflecting the Group’s strong performance and supporting its strategic growth trajectory. Shareholders endorsed the Board of Directors’ recommendation to distribute cash dividends of 10.11% of the nominal value of all ordinary shares, excluding treasury shares, amounting to up to US$100 million (equivalent to US$0.0268 / BD0.0101 / AED0.0984 per share) including the interim cash dividend of US$0.0053 that was distributed to shareholders on 11 September 2025.Shareholders also ratified the minutes of the previous Annual General Meeting held on 20th March 2025, in addition to approving the Board of Directors’ report on the Group’s activities for the financial year ended 31st December 2025, the Sharia Supervisory Board report, the external auditors’ report and the consolidated financial statements for the year 2025.In addition, shareholders approved the transfer of US$14.011 million to the statutory reserve, the allocation of US$7 million to GFH Foundation and payment of the zakat due on the Group’s shares, and the carry forward of approximately US$19.099 million as retained earnings for the coming year. Other approvals included US$3 million as remuneration for the Board of Directors, as well as the ratification of the corporate governance report and the Group’s compliance with governance requirements issued by the Ministry of Industry and Commerce and the Central Bank of Bahrain, in addition to the disclosure and approval of transactions conducted with related parties or major shareholderspursuant to Article (189) of Bahrain’s Commercial Companies Law.Shareholders also approved the repurchase of treasury shares not exceeding 10% of the total issued shares, subject to the approval of the Central Bank of Bahrain. The share buyback aims to attract strategic shareholders, enhance market liquidity and support the Group’s employee share incentive programme.Furthermore, shareholders approved the appointment or reappointment of the Group’s external auditors for the financial year ending 3...