GFH Financial Group BSC Management

Management criteria checks 2/4

GFH Financial Group BSC's CEO is Hisham Al Rayes, appointed in Apr 2012, has a tenure of 12.58 years. directly owns 4.7% of the company’s shares, worth KWD17.44M. The average tenure of the management team and the board of directors is 4.8 years and 3.9 years respectively.

Key information

Hisham Al Rayes

Chief executive officer

US$382.7k

Total compensation

CEO salary percentage	n/a
CEO tenure	12.6yrs
CEO ownership	4.7%
Management average tenure	4.8yrs
Board average tenure	3.9yrs

Recent management updates

Recent updates

CEO

Hisham Al Rayes

12.6yrs

Tenure

US$382,677

Compensation

Mr. Hisham Ahmed Al Rayes serves as Group Chief Executive Officer at GFH Financial Group BSC since 2022 and also served as the Chief Executive Officer since 2021 until 2022. He serves as Director at GFH Fi...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Hisham Al Rayes	Group CEO & Director	12.6yrs	US$382.68k	4.7% KWD 17.4m
Edris Mohammad Rafi Mohammad Al Rafi	Executive Vice Chairman	3.9yrs	US$382.68k	no data
Suryanarayanan Hariharan	Group Chief Financial Officer	less than a year	no data	0.11% KWD 415.4k
Salah Sharif	Chief Operating Officer	3.7yrs	no data	0.18% KWD 681.4k
Osama Ali Nasr	Chief Technology Officer of GFH Financial Group & Khaleeji Bank	less than a year	no data	no data
Mariam Jowhary	Head of Compliance & AML	5.8yrs	no data	0.015% KWD 57.5k
Pietro Libero	Chief Legal Officer	2.7yrs	no data	0.017% KWD 62.8k
Hazim Yusuf Abdulkarim	Head of Corporate Communications	7.8yrs	no data	no data
Muneera Isa	Head of Human Resources	9yrs	no data	0.027% KWD 98.8k
Baha Al-Marzooq	Chief of Internal Audit	no data	no data	0.024% KWD 90.5k
Mohamed Yousif Abdulsalam	Head of Sharia & Company Secretary	no data	no data	0.029% KWD 107.0k
Salem Patel	Managing Director of Private Credit & Debt Markets	no data	no data	0.17% KWD 636.5k

4.8yrs

Average Tenure

Experienced Management: GFH's management team is considered experienced (4.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Hisham Al Rayes	Group CEO & Director	8.6yrs	US$382.68k	4.7% KWD 17.4m
Edris Mohammad Rafi Mohammad Al Rafi	Executive Vice Chairman	3.9yrs	US$382.68k	no data
Yousif Abdulla Taqi	Independent Director	2.4yrs	US$382.68k	no data
Abdulla bin Sulaiman Al-Menai	Chairman of Shariah Supervisory Board	no data	no data	no data
Ghazi Faisal Al Nasser Al Hajeri	Independent Chairman of the Board	7.7yrs	US$565.33k	no data
Rashid Nasser Al-Kaabi	Non-Executive Director	7.7yrs	US$332.67k	no data
Ali Murad	Independent Director	4.6yrs	US$382.68k	4.43% KWD 16.4m
Fawaz Al Tamimi	Independent Director	4.2yrs	US$332.67k	no data
Darwish Abdulla Al Ketbi	Independent Director	2.6yrs	US$332.67k	no data
Zayed Alzayani	Chairman of the Board of Roebuck	less than a year	no data	no data
Shaikha Bint Ali Bin Khalifa Al Khalifa	Independent Non-Executive Director	less than a year	no data	no data
Abdulla Alzain	Independent Non-Executive Director	less than a year	no data	no data

3.9yrs

Average Tenure

Experienced Board: GFH's board of directors are considered experienced (3.9 years average tenure).

GFH Financial Group BSC Management

Management criteria checks 2/4

Key information

Recent management updates

High number of new directors

GFH Financial Group Appoints Zayed R. Alzayani as the Chairman of the Board of Its Subsidiary Roebuck

GFH Financial Group BSC, Annual General Meeting, Mar 17, 2024

GFH Financial Group B.S.C. Announces Change in Group Chief Treasury & Financial Institutions

GFH Financial Group B.S.C. Announces Group CFO Changes

GFH Financial Group BSC, Annual General Meeting, Mar 19, 2023

Recent updates

Saudi Education Fund agreed to acquire Britus Education from GFH Financial Group BSC (KWSE:GFH).

Third quarter 2024 earnings released: EPS: US$0.007 (vs US$0.007 in 3Q 2023)

GFH Financial Group BSC to Report Q3, 2024 Results on Nov 07, 2024

Second quarter 2024 earnings released: EPS: US$0.009 (vs US$0.009 in 2Q 2023)

GFH Financial Group BSC (KWSE:GFH) acquired an additional 12.50% stake in GBCORP B.S.C. (c).

GFH Financial Group BSC to Report Q2, 2024 Results on Aug 12, 2024

New minor risk - Shareholder dilution

First quarter 2024 earnings released: EPS: US$0.008 (vs US$0.007 in 1Q 2023)

GFH Financial Group BSC (KWSE:GFH) acquired 12.3% stake in Seef Properties B.S.C. (BAX:SEEF).

New minor risk - Shareholder dilution

High number of new directors

Upcoming dividend of US$0.016 per share

GFH Financial Group Appoints Zayed R. Alzayani as the Chairman of the Board of Its Subsidiary Roebuck

Upcoming dividend of US$0.016 per share

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).

GFH Financial Group BSC to Report Q1, 2024 Results on May 14, 2024

New minor risk - Shareholder dilution

Dividend of US$0.016 announced

Dividend of US$0.016 announced

Full year 2023 earnings released: EPS: US$0.03 (vs US$0.026 in FY 2022)

GFH Financial Group BSC Proposes Distribution of Dividend for the Year Ending 31 December 2023, Payable on 9 April 2024

GFH Financial Group BSC, Annual General Meeting, Mar 17, 2024

GFH Financial Group B.S.C. Announces Change in Group Chief Treasury & Financial Institutions

GFH Financial Group BSC to Report Fiscal Year 2023 Results on Feb 13, 2024

GFH Financial Group B.S.C. Announces Group CFO Changes

Third quarter 2023 earnings released: EPS: US$0.007 (vs US$0.007 in 3Q 2022)

Big SKY Funds, LLC and GFH Financial Group BSC (KWSE:GFH) acquired Three Single-tenant Medical Outpatient Buildings in the Houston, Texas.

GFH Financial Group BSC to Report Q3, 2023 Results on Nov 14, 2023

Second quarter 2023 earnings released: EPS: US$0.009 (vs US$0.007 in 2Q 2022)

GFH Financial Group BSC to Report Q2, 2023 Results on Aug 10, 2023

Upcoming dividend of US$0.016 per share at 6.4% yield

Upcoming dividend of US$0.016 per share at 6.8% yield

GFH Financial Group BSC Recommends Dividend for the Year Ending 31 December 2022, Payable on 12 April 2023

Full year 2022 earnings released: EPS: US$0.027 (vs US$0.025 in FY 2021)

GFH Financial Group BSC, Annual General Meeting, Mar 19, 2023

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.

GFH Financial Group BSC to Report Fiscal Year 2022 Results on Feb 09, 2023

High number of new directors

GFH Financial Group BSC Announces the Resignation of Alia Alfalasi as Director

Third quarter 2022 earnings released: EPS: US$0.007 (vs US$0.007 in 3Q 2021)

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.

GFH Financial Group BSC to Report Q3, 2022 Results on Nov 09, 2022

Gfh Financial Group Bsc Announces Appointment of Mr. Bhaskar Mehta as Chief Risk Officer

Gfh Financial Group Bsc Announces Appointment of Mr. Bhaskar Mehta as Chief Risk Officer

GFH Financial Group BSC Announces Resignation of Abesh Chatterjee as Head of Risk Management

Second quarter 2022 earnings released: EPS: US$0.007 (vs US$0.007 in 2Q 2021)

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 to Report Q2, 2022 Results on Aug 10, 2022

GFH Financial Group BSC Announces Board Changes

First quarter 2022 earnings released: EPS: US$0.005 (vs US$0.005 in 1Q 2021)

GFH Financial Group BSC (KWSE:GFH) agreed to acquire majority stake in SQ Asset Management.

High number of new directors

GFH Financial Group BSC Announces the Resignation of the Board Member Jassim Alseddiqi, Effective April 4, 2022

GFH Financial Group BSC Approves Cash Dividend

Upcoming dividend of US$0.012 per share

Upcoming dividend of US$0.012 per share

Upcoming dividend of US$0.012 per share

GFH Financial Group BSC Appoints Pietro De Libero as Chief Legal Officer

GFH Financial Group BSC Recommends to Distribute Cash Dividends

GFH Financial Group BSC Recommends the Distribution of Dividend for the Year Ending December 31, 2021, Payable on April 13, 2022

GFH Financial Group BSC (KWSE:GFH) completed the acquisition of additional 12.11% stake in Khaleeji Commercial Bank BSC (BAX:KHCB) for BHD 7.8 million.

GFH Financial Group BSC (KWSE:GFH) and Wafra International Investment Company agreed to acquire portfolio US-based blue chip logistics assets.

GFH Financial Group BSC (KWSE:GFH) acquired Portfolio of Medical Offices in the US for approximately $200 million.

Third quarter 2021 earnings released: EPS US$0.007 (vs US$0.002 in 3Q 2020)

Second quarter 2021 earnings released: EPS US$0.007 (vs US$0.003 in 2Q 2020)

GFH Financial Group BSC (KWSE:GFH) entered into a letter of intent to acquire remaining 30.95% stake in Khaleeji Commercial Bank BSC (BAX:KHCB).

GFH Financial Group BSC (KWSE:GFH) acquired an additional 9.76% stake in Khaleeji Commercial Bank BSC (BAX:KHCB) from Goldilocks Fund, a fund managed by Integrated Capital PJSC.