Mubasher: The ordinary general meeting (OGM) of GFH Financial Group approved the board’s recommendation to distribute 8.71% of the capital as cash dividend and bonus shares for fiscal year 2018.
GFH, listed on Bahrain Bourse (BHB), Boursa Kuwait, and the Dubai Financial Market (DFM), will pay $30 million cash dividend and $55 million worth of bonus shares for FY18, a total of $85 million, according to a bourse disclosure on Thursday.
The Bahraini group has a capital of $975.637 million distributed on 3.681 billion shares at a par value of $0.27 each.
Furthermore, GFH’s shareholders also approved reducing the 207.54 million treasury shares accounting for 5.637% of the total issued shares.
During FY18, GFH achieved a growth of 11.4% in profits to $115 million compared to FY103.19 million in FY17.
