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FinancialNews
28-03-18
Bahraini GFH to start USD85m dividend distribution
(MENAFN) Bahrain's GFH Financial Group has had its shareholders vote for handing out USD85 million in cash dividends.
The dividend distribution was revealed to be launched in 10 days, as it makes out for 8.72 percent of the ordinary shares' nominal value.
"We are pleased with the strong performance and dividends that GFH has delivered for 2017. We have entered 2018 in an excellent position to grow and to further unlock value from our diverse portfolio of financial and infrastructure assets," GFH's chairman Jassim Al Seddiqi declared.
GFH's CEO Hisham Alrayes also explained "our strategy and efforts in 2017 have resulted in continued growth and ensured our ability to deliver strong returns to our shareholders again this year. With the momentum and progress of the past year, we move ahead in 2018 ready to embark upon a new era of expansion which will see GFH increase our transaction capacity, both in terms of deal numbers and size, pursue further profitable exists and maximise the value of our existing portfolios."
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