“GFH” decides to cancel the listing of its shares on the...

“GFH” decides to cancel the listing of its shares on the...
“GFH” decides to cancel the listing of its shares on the...

The general assembly of the “GFH” Financial Company, listed on the , Bahrain and Kuwait Stock Exchanges, approved the cancellation of the listing of the Group’s shares on the Kuwait Stock Exchange and transfer them to the Bahrain Stock Exchange and authorizes the Board of Directors to take the necessary action in this regard.

The company said in a statement today to the Dubai Financial Market that the General Assembly approved during its meeting held yesterday in Bahrain, through live virtual participation, to amend the balance of accumulated losses by transferring an amount of $ 110.27 million from the legal reserve, subject to the approval of the regulatory authorities.

The general assembly approved the restructuring of the Khaleeji Commercial Bank in line with Article (189) of the Bahraini Companies Law.

It also agreed to appoint Ali Murad and Ahmed Al-Ahmadi as concerned members of the group’s board of directors, and to elect the bank’s board of directors for the next three years, consisting of ten seats, subject to the approval of the Central Bank of Bahrain and the elected members, they are: Jassim Al-Siddiqi, Alia Al Falasi, Sheikh Ahmed Al Khalifa, Hisham Al Rayyes, Rashid Al Kaabi, Ghazi Al Hajri, Mustafa Khuraiba, Ahmed Abdul Hamid Al Ahmadi, Ali Murad, and Fawaz Al Tamimi

On his part, Hisham Al Rayes, CEO of GFH Financial, said: “We continue to focus on the effective implementation of our strategy. “.

Al-Rayyes added: “The shareholders’ approval of the agreements that we entered into with our commercial banking subsidiary, Khaleeji Commercial Bank, enhances its financial position and its ability to achieve greater contributions for the group during the coming periods. ”


Follow the economic statement via Google News

Print
Email

Twitter
LinkedIn
Pin Interest
Whats App

These were the details of the news “GFH” decides to cancel the listing of its shares on the... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Saudi-Chinese financial ties to strengthen as top officials meet in Beijing
NEXT Saudi Arabia, China discuss collaboration in urban development during Beijing meeting