Thursday, September 19, 2019
Business

A Welcome Windfall

by BTM

Thu, 02 May 2019

A Welcome Windfall

GFH Financial Group (GFH) announced the conclusion of its Annual General Meeting (AGM) and Extraordinary General Meeting (EGM) for the financial year ended December 31, 2018, where the shareholders approved the distribution of cash dividends at a rate of 3.34 per cent of the nominal value of the group’s ordinary shares for a total amount of USD30 million (equating to USD0.0087 per share). The shareholders also approved the distribution USD55 million of bonus shares at a rate of 5.97 per cent of the nominal value of a share, equating to one bonus share for every 16.74 shares held on the ‘record date’, subject to the approval of the relevant authority.

#BAHRAIN BUSINESS BITES #BUSINESS BITES #BUSINESS NEWS BAHRAIN #BTM MAY 2019 #GFH FINANCIAL GROUP

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