GFH Financial Group would like to announce that its Board of Directors has approved the annual audited financial statements for the financial year ending 31st December 2020 and proposed to the general assembly to distribute dividends of US$ 42,000,000 for all ordinary shares, excluding treasury shares, at 4.60% of the par value of the share as per the below breakdown:

  1. Cash dividends on all ordinary shares, excluding treasury shares, at a rate of 1.86% of the share par value, equivalent to USD 0.0049 (BHD 0.001859 / AED 0.0181) per share amounting to US$ 17,000,000.
  2. Stock dividends on all ordinary shares, excluding treasury shares, at a rate of 2.74% of the share par value at 1 share for every 36.54 ordinary shares held equivalent to US$ 25,000,000.

The Board of Directors also resolved to terminate the market making/liquidity providing agreement and extinguish treasury shares amounting to 94,339,623 shares used for the purpose of market making/liquidity providing, subject to obtaining the relevant regulatory approvals.

Enclosed are the dividend distribution announcement and approved annual audited financial results for the year ended 31st December 2020.