The General Assembly of (GFH Financial Group), during its meeting yesterday, Wednesday, agreed to cancel the listing of the group's shares on the Kuwait Stock Exchange and transfer them to the Bahrain Stock Exchange and authorize the Board of Directors Take necessary action in this regard.
The General Assembly also agreed to amend the balance of the accumulated losses of the company by transferring an amount of $ 110.27 million from the legal reserve, subject to the approval of the regulatory authorities, restructuring the Khaleeji Commercial Bank in line with Article (189) of the Bahraini Companies Law.
On the other hand, Hisham Al Rayes, CEO and member of the Board of Directors of the group, revealed the intention of (GFH) to acquire two new schools in the Eastern Province and another in Jeddah, Kingdom of Saudi Arabia. Saudi Arabia.
Al Rayyes indicated that the group is currently focusing on investing in the Kingdom of Saudi Arabia, indicating that the focus is on managing schools and establishing new schools.
and he explained that the group started in many investments in the technology sector, and invested in a group of listings that recently took place in the United States, expecting that there will be more listings during the year. Next.
