The GFH Financial Group (“GFH” or “the Group”) announced the successful conclusion of its Annual General Meeting (AGM) by approving the Board of Directors’ recommendation for the distribution of a cash dividend of 6% of the nominal value of all the ordinary shares, save for treasury shares, equivalent to $0.0159 per share.
The group's shareholders also announced the appointment of Mr. Yousef Abdullah Taqi as a complementary independent director of the Board in its current term, the reappointment of the Group’s external auditors for 2023 and authorized the Board to appoint market maker(s) in any or all markets in which the Group’s shares are listed, subject to regulatory approvals, including the authority to determine the market maker(s), the duration of the contract and other relevant details.
Chairman of GFH Ghazi Al Hajeri said: “Following a year of strong financial results and progress, we continue to build on the support and confidence of our shareholders in the Group and our strategy. We are pleased to announce that shareholders have approved the distribution of another solid dividend as the Group continues to focus on creating value for our shareholders, investors and partners."
"We have been building on this momentum in 2023 and remain focused on further growth in the year ahead,” he added.
For his part, Hisham Alrayes, CEO of GFH, said: “We remain grateful to our shareholders for their continued support and confidence in GFH and our strategy, which saw us make further strides throughout the business in 2022 including delivering double digit growth in income, completing more than $1.2 billion of new investments across global markets, and the listing of our shares on the Abu Dhabi Securities Exchange (ADX), marking the Group’s fourth regional listing and a further broadening of our shareholder base to create even more liquidity.”
"In 2022, the Group established new offices in London and Riyadh and concluded the acquisition of two new specialty asset management businesses in the US. These acquisitions will support the further growth of our investment activities and the Group’s pipeline of well-performing, income-yielding investments in the healthcare and residential real estate sectors,” he added.
GFH has more than $17.6 billion of assets and funds under management including a global portfolio of investments in logistics, healthcare, education and technology in the MENA region, Europe and North America.
