Reported Earnings • May 16
First quarter 2026 earnings released: EPS: US$1.01 (vs US$0.009 in 1Q 2025) First quarter 2026 results: EPS: US$1.01 (up from US$0.009 in 1Q 2025). Revenue: US$95.6m (down 54% from 1Q 2025). Net income: US$35.1m (up 17% from 1Q 2025). Profit margin: 37% (up from 15% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 13
GFH Bank B.S.C. (KWSE:GFH) proposed to acquire an additional minority stake in Seef Properties B.S.C. (BAX:SEEF). GFH Bank B.S.C. (KWSE:GFH) proposed to acquire an additional minority stake in Seef Properties B.S.C. (BAX:SEEF) on April 30, 2026.
The transaction is subject to regulatory approval and by the board shareholders and shareholders of Seef Properties B.S.C. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to د.إ2.23, the stock trades at a trailing P/E ratio of 17.5x. Average forward P/E is 16x in the Capital Markets industry in United Arab Emirates. Total returns to shareholders of 188% over the past three years. New Risk • Apr 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Emirian stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.1% average weekly change). Announcement • Mar 26
GFH Financial Group BSC Approves Dividend for the Financial Year Ended December 31, 2025, Payable on April 15, 2026 GFH Financial Group BSC at the Ordinary & Extraordinary General Meeting held on March 25, 2026 approve to distribute cash dividends of 10.11% of the nominal value of all the ordinary shares, net of treasury shares, up to USD
100 million, equivalent to USD 0.0268, BHD 0.0101, AED 0.0984 per share for the year ended December 31, 2025, this includes interim cash dividends of USD 0.0053 that were distributed to shareholders on 11 September, 2025. Ex-Dividend Date is March 31, 2026 and Record Date for Bahrain Bourse, Dubai Financial Market and Abu Dhabi Securities Exchange listed shares is April 1, 2026 and Record Date for Boursa Kuwait listed shares is April 2, 2026. The payment date is April 15, 2026. Announcement • Mar 19
GFH Financial Group BSC to Report Q1, 2026 Results on May 14, 2026 GFH Financial Group BSC announced that they will report Q1, 2026 results on May 14, 2026 Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to د.إ1.75, the stock trades at a trailing P/E ratio of 15.1x. Average forward P/E is 16x in the Capital Markets industry in United Arab Emirates. Total returns to shareholders of 138% over the past three years. New Risk • Feb 14
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 4.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Announcement • Feb 14
GFH Financial Group BSC, Annual General Meeting, Mar 16, 2026 GFH Financial Group BSC, Annual General Meeting, Mar 16, 2026. Reported Earnings • Feb 13
Full year 2025 earnings: EPS in line with expectations, revenues disappoint Full year 2025 results: EPS: US$0.039 (up from US$0.033 in FY 2024). Revenue: US$413.0m (down 51% from FY 2024). Net income: US$140.1m (up 18% from FY 2024). Profit margin: 34% (up from 14% in FY 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 10%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 12
GFH Financial Group BSC Recommends Dividend for the Year Ended 31 December 2025, Payable on April 15, 2026 The Board of Directors of GFH Financial Group B.S.C. resolved, on 11th February 2026, to recommend the distribution of dividend for the year ending 31st December 2025 to the shareholders whose names are registered on the Group's register on the Record Date. This is subject to the approval of the Group's shareholders on the upcoming Annual General Meeting. The proposed distribution is as follow: To distribute cash dividends for the year 2025 of up to $100 million (representing 10.11%, excluding treasury shares), corresponding to a distribution of $0.0268 per share. This includes the interim cash dividends of $0.0053 distributed to the shareholders on 11th September 2025. Shareholders' approval date is 16 March 2026; Ex-dividend date is 31 March 2026; Record Date for Bahrain Bourse, Dubai Financial Market and Abu Dhabi Securities Exchange listed shares is April 1, 2026; Record date for Boursa Kuwait listed shares is April 2, 2026. Payment date is 15 April 2026. Announcement • Feb 03
GFH Financial Group BSC (KWSE:GFH) acquired 60% stake in Byrne Equipment Rental LLC. GFH Financial Group BSC (KWSE:GFH) acquired 60% stake in Byrne Equipment Rental LLC on February 2, 2026. With GFH’s support, Byrne will focus on entering new verticals, enhancing its product range, and deepening its presence in priority markets. The partnership will also leverage the technical strength of Byrne’s operating partners to further reinforce the company’s competitive advantage.
GFH Financial Group BSC (KWSE:GFH) completed the acquisition of 60% stake in Byrne Equipment Rental LLC on February 2, 2026. Announcement • Dec 17
GFH Financial Group BSC to Report Fiscal Year 2025 Results on Feb 11, 2026 GFH Financial Group BSC announced that they will report fiscal year 2025 results on Feb 11, 2026 Reported Earnings • Nov 15
Third quarter 2025 earnings released: EPS: US$0.009 (vs US$0.007 in 3Q 2024) Third quarter 2025 results: EPS: US$0.009 (up from US$0.007 in 3Q 2024). Revenue: US$233.9m (up 18% from 3Q 2024). Net income: US$34.0m (up 25% from 3Q 2024). Profit margin: 15% (in line with 3Q 2024). Revenue is expected to decline by 22% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Asia are expected to grow by 4.2%. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Oct 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Emirian stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Sep 15
GFH Financial Group BSC to Report Q3, 2025 Results on Nov 13, 2025 GFH Financial Group BSC announced that they will report Q3, 2025 results on Nov 13, 2025 Reported Earnings • Aug 17
Second quarter 2025 earnings released: EPS: US$0.011 (vs US$0.009 in 2Q 2024) Second quarter 2025 results: EPS: US$0.011 (up from US$0.009 in 2Q 2024). Revenue: US$235.0m (up 18% from 2Q 2024). Net income: US$37.1m (up 10% from 2Q 2024). Profit margin: 16% (down from 17% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 21% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Asia are expected to grow by 7.4%. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 6% per year. Announcement • Aug 16
GFH Financial Group BSC Recommends Semi-Annual Interim Dividends for the year 2025, Payable on 11 September 2025 GFH Financial Group BSC resolved, on 13 August 2025, to recommend the distribution of interim cash dividends to the shareholders whose names are registered on the Group's register on the Record Date. This is subject to the approval of the regulatory authorities. The proposed distribution is as follow: To distribute cash dividends of 2% of the nominal value of all the ordinary shares, except for treasury shares (up to US$ 20 million), equivalent to US$ 0.0053 per share, BD 0.002, UAE dirhams 0.01946 and Kuwaiti Dinars 0.00163. Cum-Dividend Date: 25 August 2025, Ex-Dividend Date: 26 August 2025, Record Date for Bahrain Bourse, Dubai Financial Market and Abu Dhabi Securities Exchange listed shares: 27 August 2025, Record Date for Boursa Kuwait listed shares: 28 August 2025, Payment Date: 11 September 2025. Announcement • Jun 12
GFH Financial Group BSC to Report Q2, 2025 Results on Aug 13, 2025 GFH Financial Group BSC announced that they will report Q2, 2025 results on Aug 13, 2025 Announcement • May 28
GFH Financial Group BSC acquired 15.63% stake in Seef Properties B.S.C. (BAX:SEEF) from Al Salam Bank B.S.C. (BAX:SALAM). GFH Financial Group BSC acquired 15.63% stake in Seef Properties B.S.C. (BAX:SEEF) from Al Salam Bank B.S.C. (BAX:SALAM) on May 27, 2025. This transaction is expected to have a positive impact on the financials of the Group.
GFH Financial Group BSC completed the acquisition of 15.63% stake in Seef Properties B.S.C. (BAX:SEEF) from Al Salam Bank B.S.C. (BAX:SALAM) on May 27, 2025. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: US$0.009 (vs US$0.008 in 1Q 2024) First quarter 2025 results: EPS: US$0.009 (up from US$0.008 in 1Q 2024). Revenue: US$206.5m (up 2.7% from 1Q 2024). Net income: US$30.1m (up 11% from 1Q 2024). Profit margin: 15% (up from 14% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is expected to decline by 16% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Asia are expected to grow by 6.5%. Announcement • Mar 21
GFH Financial Group BSC Approves Dividend for the Financial Year Ended December 31, 2024, Payable on April 14, 2025 GFH Financial Group BSC at its Annual General Meeting and Extraordinary General Meeting held on March 20, 2025, for the financial year ended December 31, 2024, approved distribute cash dividends of 6.2% of the nominal value of all the ordinary shares, net of treasury shares, up to USD 61 million, equivalent to USD 0.0164, BHD 0.0062, AED 0.0602 per share. Cum-Dividend Date: March 24, 2025, Ex-Dividend Date: March 25, 2025, Record Date for Bahrain Bourse, Dubai Financial Market and Abu Dhabi Securities: March 26, 2025, Record Date for Boursa Kuwait listed shares: March 27, 2025 and Payment Date: April 14, 2025. Declared Dividend • Mar 17
Dividend of US$0.016 announced Shareholders will receive a dividend of US$0.016. Ex-date: 25th March 2025 Payment date: 9th April 2025 Dividend yield will be 1.4%, which is lower than the industry average of 2.6%. Sustainability & Growth The dividend has decreased over the past 86 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Upcoming Dividend • Mar 11
Upcoming dividend of US$0.016 per share Eligible shareholders must have bought the stock before 18 March 2025. Payment date: 07 April 2025. Payout ratio is a comfortable 50% but the company is not cash flow positive. Trailing yield: 5.3%. Lower than top quartile of Emirian dividend payers (6.5%). In line with average of industry peers (5.0%). Announcement • Mar 09
GFH Financial Group BSC to Report Q1, 2025 Results on May 14, 2025 GFH Financial Group BSC announced that they will report Q1, 2025 results on May 14, 2025 Announcement • Feb 18
GFH Financial Group BSC, Annual General Meeting, Mar 13, 2025 GFH Financial Group BSC, Annual General Meeting, Mar 13, 2025. Announcement • Feb 17
GFH Financial Group BSC Recommends Dividend or the Year Ended 31 December 2024, Payable on 7 April 2025 The board of directors of GFH Financial Group B.S.C. resolved, on 13 February 2025, to recommend the distribution of dividend for the year ended 31 December 2024 to the shareholders whose names are registered on the Group's register on the record date. This is subject to the approval of the Group's shareholders on the upcoming Annual General Meeting. The proposed distribution is as follow: To distribute cash dividends of 6.2% of the nominal value of all the ordinary shares, except for treasury shares, (USD 0.0164 per share, BHD 0.0062 per share, AED 0.0602 per share). Shareholders' approval date is 13 March 2025; Ex-dividend date is 18 March 2025; Record Date for Bahrain Bourse, Dubai Financial Market and Abu Dhabi Securities Exchange listed shares is 19 March 2025; Record date for Boursa Kuwait listed shares is 20 March 2025. Payment date is 7 April 2025. Reported Earnings • Feb 17
Full year 2024 earnings released: EPS: US$0.033 (vs US$0.029 in FY 2023) Full year 2024 results: EPS: US$0.033 (up from US$0.029 in FY 2023). Revenue: US$841.6m (up 44% from FY 2023). Net income: US$118.5m (up 15% from FY 2023). Profit margin: 14% (down from 18% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 18% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Asia are expected to grow by 6.5%. Announcement • Dec 15
GFH Financial Group BSC to Report Fiscal Year 2024 Results on Feb 13, 2025 GFH Financial Group BSC announced that they will report fiscal year 2024 results on Feb 13, 2025 Announcement • Nov 19
Saudi Education Fund agreed to acquire Britus Education from GFH Financial Group BSC (KWSE:GFH). Saudi Education Fund agreed to acquire Britus Education from GFH Financial Group BSC (KWSE:GFH) on November 18, 2024.
The transaction is subject to approval by regulatory board / committee.
PricewaterhouseCoopers Saudi Arabia acted as accountant for Saudi Education Fund. White & Case acted as legal advisor for Saudi Education Fund. Reported Earnings • Nov 13
Third quarter 2024 earnings released: EPS: US$0.007 (vs US$0.007 in 3Q 2023) Third quarter 2024 results: EPS: US$0.007 (in line with 3Q 2023). Revenue: US$198.5m (up 44% from 3Q 2023). Net income: US$27.2m (up 12% from 3Q 2023). Profit margin: 14% (down from 18% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 18% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Asia are expected to grow by 8.7%. Announcement • Sep 24
GFH Financial Group BSC to Report Q3, 2024 Results on Nov 07, 2024 GFH Financial Group BSC announced that they will report Q3, 2024 results on Nov 07, 2024 Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: US$0.009 (vs US$0.009 in 2Q 2023) Second quarter 2024 results: EPS: US$0.009 (in line with 2Q 2023). Revenue: US$199.2m (up 38% from 2Q 2023). Net income: US$33.6m (up 9.8% from 2Q 2023). Profit margin: 17% (down from 21% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 13% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Asia are expected to grow by 7.9%. Announcement • Jul 22
GFH Financial Group BSC (KWSE:GFH) acquired an additional 12.50% stake in GBCORP B.S.C. (c). GFH Financial Group BSC (KWSE:GFH) acquired an additional 12.50% stake in GBCORP B.S.C. (c) in July 2024. After completion, GFH Financial Group holds 76.63% stake in GBCORP B.S.C.
GFH Financial Group BSC (KWSE:GFH) completed the acquisition of an additional 12.50% stake in GBCORP B.S.C. (c) in July 2024. Announcement • Jun 13
GFH Financial Group BSC to Report Q2, 2024 Results on Aug 12, 2024 GFH Financial Group BSC announced that they will report Q2, 2024 results on Aug 12, 2024 New Risk • May 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (3.7% increase in shares outstanding). Reported Earnings • May 16
First quarter 2024 earnings released: EPS: US$0.008 (vs US$0.007 in 1Q 2023) First quarter 2024 results: EPS: US$0.008 (up from US$0.007 in 1Q 2023). Revenue: US$201.1m (up 36% from 1Q 2023). Net income: US$27.1m (up 13% from 1Q 2023). Profit margin: 14% (down from 16% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 11% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Asia are expected to grow by 8.9%. New Risk • Apr 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Board Change • Apr 04
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Chairman of the Board of Roebuck Zayed Alzayani was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 26
Upcoming dividend of US$0.016 per share Eligible shareholders must have bought the stock before 02 April 2024. Payment date: 22 April 2024. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 5.8%. Lower than top quartile of Emirian dividend payers (7.2%). Higher than average of industry peers (2.4%). Announcement • Mar 25
GFH Financial Group Appoints Zayed R. Alzayani as the Chairman of the Board of Its Subsidiary Roebuck GFH Financial Group announced the appointment of Zayed R. Alzayani as the Chairman of the Board of its subsidiary Roebuck, a Pan European real estate logistics investor and asset manager headquartered in London. Alzayani brings to Roebuck's Board nearly four decades of experience spanning senior leadership roles in the public and private sectors. He is a former Minister of Industry, Commerce & Tourism of the Kingdom of Bahrain, and former Minister in Charge of the Bahrain Bourse. This comes in addition to more than 25 years of experience in private holdings and enterprise, leading some of the GCC region's most successful operating companies across sectors. Alzayani is also the Chairman of multiple Boards including Alzayani Investments, Euro Motors, Zayani Leasing, Zayani Industries, Zayani Properties, and Gulf Air Holding Company, among others. He holds a BSC in Business Administration from the University of Bahrain and an MBA Finance from Boston University, Boston, Massachusetts, US. Upcoming Dividend • Mar 19
Upcoming dividend of US$0.016 per share Eligible shareholders must have bought the stock before 26 March 2024. Payment date: 09 April 2024. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 6.0%. Lower than top quartile of Emirian dividend payers (7.1%). Higher than average of industry peers (2.3%). Announcement • Mar 11
Investrade Company B.S.C.(C) acquired 53% stake in Areen Park Hotel and The land of Paradise Waterpark from GFH Financial Group BSC (KWSE:GFH). Investrade Company B.S.C.(C) acquired 53% stake in Areen Park Hotel and The land of Paradise Waterpark from GFH Financial Group BSC (KWSE:GFH) on March 10, 2024.Investrade Company B.S.C.(C) completed the acquisition of 53% stake in Areen Park Hotel and The land of Paradise Waterpark from GFH Financial Group BSC (KWSE:GFH) on March 10, 2024. New Risk • Mar 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (6.2% increase in shares outstanding). Declared Dividend • Feb 16
Dividend of US$0.016 announced Shareholders will receive a dividend of US$0.016. Ex-date: 26th March 2024 Payment date: 9th April 2024 Dividend yield will be 1.7%, which is lower than the industry average of 2.6%. Sustainability & Growth The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 1.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 15
Full year 2023 earnings released: EPS: US$0.03 (vs US$0.026 in FY 2022) Full year 2023 results: EPS: US$0.03 (up from US$0.026 in FY 2022). Revenue: US$590.8m (up 38% from FY 2022). Net income: US$102.9m (up 14% from FY 2022). Profit margin: 17% (down from 21% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 19% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Asia are expected to grow by 11%. Announcement • Feb 14
GFH Financial Group BSC Proposes Distribution of Dividend for the Year Ending 31 December 2023, Payable on 9 April 2024 The Board of Directors of GFH Financial Group B.S.C. resolved, on 13 February 2024, to recommend the distribution of dividend for the year ending 31 December 2023 to the shareholders whose names are registered on the Groups register on the Record Date. This is subject to the approval of the Groups shareholders on the upcoming Annual General Meeting. The proposed distribution is as follow: To distribute cash dividends of 6.2% of the nominal value of all the ordinary shares, except for treasury shares, (USD 0.0164 per share, BD 0.0062, UAE dirhams 0.06023). Ex-Dividend Date is 26 March, 2024. Payment Date is 9 April 2024. Announcement • Jan 26
GFH Financial Group BSC, Annual General Meeting, Mar 17, 2024 GFH Financial Group BSC, Annual General Meeting, Mar 17, 2024. Announcement • Jan 15
GFH Financial Group B.S.C. Announces Change in Group Chief Treasury & Financial Institutions GFH Financial Group B.S.C. announced the appointment of Mr. Ayman Zaidan as Group Chief Treasury & Financial Institutions following the resignation of Mr. Damian Philip White due to personal reasons, effective from 14th January 2024. Mr. Ayman has more than 30 years of experience in the banking industry. He has previously worked with First Energy Bank, National Bank of Kuwait and most recently with Qatar First Bank. Mr. Ayman holds a Bachelor of Science in Accounting and Business Administration from the University of Jordan. Announcement • Dec 12
GFH Financial Group BSC to Report Fiscal Year 2023 Results on Feb 13, 2024 GFH Financial Group BSC announced that they will report fiscal year 2023 results on Feb 13, 2024 Announcement • Dec 01
GFH Financial Group B.S.C. Announces Group CFO Changes GFH Financial Group B.S.C. announced the appointment of Mr. Suryanarayanan Hariharan as Group CFO following the appointment of Mr. Srinivasan Rathinam, the Current Group CFO, as Advisor to the Group CEO, effective from 30 November 2023. Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: US$0.007 (vs US$0.007 in 3Q 2022) Third quarter 2023 results: EPS: US$0.007 (in line with 3Q 2022). Revenue: US$138.2m (up 28% from 3Q 2022). Net income: US$24.3m (up 1.0% from 3Q 2022). Profit margin: 18% (down from 22% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 13% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Asia are expected to grow by 11%. Announcement • Oct 06
Big SKY Funds, LLC and GFH Financial Group BSC (KWSE:GFH) acquired Three Single-tenant Medical Outpatient Buildings in the Houston, Texas. Big SKY Funds, LLC and GFH Financial Group BSC (KWSE:GFH) acquired Three Single-tenant Medical Outpatient Buildings in the Houston, Texas on October 4, 2023. Big SKY Funds, LLC and GFH Financial Group BSC (KWSE:GFH) completed the acquisition of Three Single-tenant Medical Outpatient Buildings in the Houston, Texas on October 4, 2023. Announcement • Sep 20
GFH Financial Group BSC to Report Q3, 2023 Results on Nov 14, 2023 GFH Financial Group BSC announced that they will report Q3, 2023 results at 12:40 PM, BT-Baghdad on Nov 14, 2023 Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: US$0.009 (vs US$0.007 in 2Q 2022) Second quarter 2023 results: EPS: US$0.009 (up from US$0.007 in 2Q 2022). Revenue: US$144.0m (up 50% from 2Q 2022). Net income: US$30.6m (up 33% from 2Q 2022). Profit margin: 21% (down from 24% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 13% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Asia are expected to grow by 10%. Announcement • Jun 14
GFH Financial Group BSC to Report Q2, 2023 Results on Aug 10, 2023 GFH Financial Group BSC announced that they will report Q2, 2023 results on Aug 10, 2023 Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to د.إ1.11, the stock trades at a trailing P/E ratio of 10.5x. Average forward P/E is 15x in the Capital Markets industry in United Arab Emirates. Total returns to shareholders of 9.5% over the past year. Announcement • Feb 13
GFH Financial Group BSC Recommends Dividend for the Year Ending 31 December 2022, Payable on 12 April 2023 GFH Financial Group BSC recommends to distribute cash dividends of 6% of the nominal value of all the ordinary shares, except for treasury shares, (USD 0.0159 per share, BHD 0.0060, AED 0.05840) for the year ending 31 December 2022. This is subject to the approval of the Group's shareholders on the upcoming Annual General Meeting. The dividend will payable on 12 April 2023 with record date of 29 March 2023 and ex-dividend date is 28 March 2023. Reported Earnings • Feb 12
Full year 2022 earnings released: EPS: US$0.027 (vs US$0.025 in FY 2021) Full year 2022 results: EPS: US$0.027 (up from US$0.025 in FY 2021). Revenue: US$438.4m (up 29% from FY 2021). Net income: US$90.3m (up 7.2% from FY 2021). Profit margin: 21% (down from 25% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 3.7% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Asia are expected to grow by 14%. Announcement • Feb 10
GFH Financial Group BSC, Annual General Meeting, Mar 19, 2023 GFH Financial Group BSC, Annual General Meeting, Mar 19, 2023. Announcement • Jan 05
GFH Financial Group BSC acquired a majority share in Big Sky Asset Management LLC. GFH Financial Group BSC acquired a majority share in Big Sky Asset Management LLC on January 3, 2023. Following the transaction, the company will be owned by GFH alongside the founders.
GFH Financial Group BSC completed the acquisition of a majority share in Big Sky Asset Management LLC on January 3, 2023. Announcement • Dec 22
GFH Financial Group BSC to Report Fiscal Year 2022 Results on Feb 09, 2023 GFH Financial Group BSC announced that they will report fiscal year 2022 results on Feb 09, 2023 Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Director Yousif Abdulla Taqi was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 10
GFH Financial Group BSC Announces the Resignation of Alia Alfalasi as Director The Board of Directors of GFH Financial Group B.S.C. announced the resignation of the board member Ms. Alia Alfalasi due to personal reasons effective from 9 November 2022. Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: US$0.007 (vs US$0.007 in 3Q 2021) Third quarter 2022 results: EPS: US$0.007 (in line with 3Q 2021). Revenue: US$108.0m (up 26% from 3Q 2021). Net income: US$24.1m (up 3.3% from 3Q 2021). Profit margin: 22% (down from 27% in 3Q 2021). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Capital Markets industry in Asia. Announcement • Oct 13
GFH Financial Group BSC (KWSE:GFH) and Big SKY Funds, LLC acquired Portfolio of 11 assets located in California, Texas, Maryland and Louisiana for approximately $400 million. GFH Financial Group BSC (KWSE:GFH) and Big SKY Funds, LLC acquired Portfolio of 11 assets located in California, Texas, Maryland and Louisiana for approximately $400 million on October 11, 2022.
GFH Financial Group BSC (KWSE:GFH) and Big SKY Funds, LLC completed the acquisition of Portfolio of 11 assets located in California, Texas, Maryland and Louisiana on October 11, 2022. Announcement • Sep 20
GFH Financial Group BSC to Report Q3, 2022 Results on Nov 09, 2022 GFH Financial Group BSC announced that they will report Q3, 2022 results on Nov 09, 2022 Announcement • Sep 07
Gfh Financial Group Bsc Announces Appointment of Mr. Bhaskar Mehta as Chief Risk Officer GFH Financial Group B.S.C. announced the appointment of Mr. Bhaskar Mehta as Chief Risk Officer effective from 1st September 2022. Mr. Mehta has almost 15 years of experience in the financial service industry with expertise in enterprise risk management. He has previously worked with UBS India and most recently with Waha Capita Abu Dhabi. Mr. Mehta is a certified Financial Risk Manager (FRM) and holds an MBA in International business & finance. Announcement • Aug 16
GFH Financial Group BSC Announces Resignation of Abesh Chatterjee as Head of Risk Management GFH Financial Group B.S.C. announced the resignation of Mr. Abesh Chatterjee from his position as Head of Risk Management due to personal reasons effective 14th August 2022. Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: US$0.007 (vs US$0.007 in 2Q 2021) Second quarter 2022 results: EPS: US$0.007 (vs US$0.007 in 2Q 2021). Revenue: US$96.2m (up 17% from 2Q 2021). Net income: US$23.1m (up 10% from 2Q 2021). Profit margin: 24% (down from 26% in 2Q 2021). Over the next year, revenue is expected to shrink by 23% compared to a 13% growth forecast for the industry in United Arab Emirates. Announcement • Jul 07
GFH Financial Group BSC (KWSE:GFH) and Student Quarters Blue Sky LP acquired Student Housing Portfolio in Texas, Michigan and Missouri. GFH Financial Group BSC (KWSE:GFH) and Student Quarters Blue Sky LP acquired Student Housing Portfolio in Texas, Michigan and Missouri on July 6, 2022. $300 million student housing portfolio affiliated to select top-rated universities located in Texas, Michigan and Missouri in the United States. The five assets acquired include facilities near Texas A&M University, Michigan State University and Missouri State University.GFH Financial Group BSC (KWSE:GFH) and Student Quarters Blue Sky LP completed the acquisition of Student Housing Portfolio in Texas, Michigan and Missouri on July 6, 2022. Announcement • Jun 24
GFH Financial Group BSC to Report Q2, 2022 Results on Aug 10, 2022 GFH Financial Group BSC announced that they will report Q2, 2022 results on Aug 10, 2022 Announcement • Jun 08
GFH Financial Group BSC Announces Board Changes GFH Financial Group BSC announced that it has approved assignment of Mr. Yousif Taqi, subject to Central Bank of Bahrain's final approval, to replace Mr. Ahmed Al Ahmadi who resigned from the Board, to focus on his career,effective from 7th June 2022. Mr. Yousif Taqi has over 35 years of experience In Banking, Audit and Advisory. He was the CEO of Al Salam Bank Bahrain since its inception until April 2018 in addition to the Deputy General Manager at Kuwait Finance House Bahrain. He serves as an independent Board Member in KFH and Eskan Bank. He is also a non-executive director on the Board of Aluminum Bahrain ("ALBA") and Bahrain Petroleum Company ("BAPCO"). Board Change • Jun 06
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Independent Director Darwish Abdulla Al Ketbi was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. 