The sukuk will be issued in one or more issuances, subject to the company obtaining relevant regulatory approvals, GFH said in a statement.
The Ministers of Finance of the Kingdom of Saudi Arabia, the United Arab Emirates, the State of Kuwait…960 | the publication reaches you by | Bahrain News
The meetingm which was presided over by the company’s CEO Hisham Alrayes, also received shareholder approval for the appointment of a market maker and to use up to 3 percent of GFH’s total issued shares for market making over the next three years.
With reference to GFH’s treasury shares held under the market making arrangement, shareholders approved and authorised the board of directors to use 140,000,000 shares, representing 3.8 percent of total issued shares of GFH, for the purpose of a strategic share acquisition in financial institutions, subject to Central Bank of Bahrain approval.
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