GFH Financial Group yesterday announced the successful conclusion of its annual general meeting (AGM) for the financial year ended December 31, 2025, with shareholders also able to participate via virtual attendance.
During the AGM, held at GFH House in Bahrain Financial Harbour, 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 per cent of the nominal value of all ordinary shares, excluding treasury shares, amounting to up to $100 million (equivalent to $0.0268 per share) including the interim cash dividend of $0.0053 that was distributed to shareholders on September 11, 2025.
Shareholders also ratified the minutes of the previous AGM held on March 20, 2025, in addition to approving the board of directors’ report on the group’s activities for the financial year ended December 31, 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 $14.011m to the statutory reserve, the allocation of $7m to GFH Foundation and payment of the zakat due on the group’s shares, and the carry forward of approximately $19.099m as retained earnings for the coming year.
Other approvals included $3m 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 Industry and Commerce Ministry and the Central Bank of Bahrain, in addition to the disclosure and approval of transactions conducted with related parties or major shareholders pursuant to Article (189) of Bahrain’s Commercial Companies Law.
Shareholders also approved the repurchase of treasury shares not exceeding 10pc 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 December 31, 2026, authorising the board to determine their fees, in addition to discharging the board from liability for their actions during the financial year ended December 31, 2025, and considering any other matters in accordance with Article (207) of the Commercial Companies Law.
Commenting on the outcomes of the meetings, Hisham Alrayes, chief executive officer and board member of GFH Financial Group, said: “The outcomes of this year’s AGM reflect the continued confidence of our shareholders in GFH’s strategy and long-term growth trajectory. The approval of a strong cash dividend reflects the group’s financial performance and its continued ability to deliver sustainable value to shareholders, while we continue to evolve our banking and investment model, and strengthen our presence across regional and global markets.”
He added: “We remain committed to strengthening our financial and governance framework while broadening our base of strategic shareholders and enhancing the liquidity of our shares in the market. Our share-based incentive programmes also play a key role in attracting top talent and driving institutional performance. Through these initiatives, we look forward to building on our achievements and further expanding our investment portfolio across key sectors to support the group’s growth in the years ahead.”
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