GFH Financial Group would like to announce that the Board of Directors meeting held on Wednesday 9th February 2022 at 1:00 pm Kingdom of Bahrain time, discussed and resolved the following matters:

  1. Approved the annual audited financial statements for the financial year ended 31st December 2021;
  2. Propose to the general assembly to distribute dividends of US$ 60,000,000 at 6.07% of the par value of the share as per the below breakdown:
    • Cash dividends on all ordinary shares, excluding treasury shares, at a rate of 4.57% of the share par value, equivalent to USD 0.0121 (BHD 0.004562 / AED 0.0444 / KD 0.0036) per share amounting to US$ 45,000,000.
    • Stock dividends on all ordinary shares, at a rate of 1.5% of the share par value at 1 share for every 66.71 ordinary shares held equivalent to US$ 15,000,000.
  3. Other internal matters.

Enclosed are the dividend distribution announcement and approved annual audited financial results for the year ended 31st December 2021.