Mubasher: GFH Financial Group has obtained the approval of the Central Bank of Bahrain (CBB) to repurchase treasury shares, which is set to commence from 24 October 2021.
This approval came after the ordinary general meeting (OGM) had agreed on the repurchase of the group’s treasury shares up to a maximum of 10% of the total issued shares, according to a bourse filing on Sunday.
On 21 April 2021, GFH has terminated the market-making and liquidity provision agreements with SICO for its shares on Bahrain Bourse and Dubai Financial Market (DFM), respectively.
As of 19 October 2021, SICO has liquidated the market-making portfolio, and GFH has recovered the remaining 6.865 million shares.
Source: Mubasher
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