On Wednesday, September 23, GFH Financial Group's ordinary general meeting will discuss adjusting the balance of accumulated losses by transferring $ 110.27 million from the statutory reserve.
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The group said in a statement to the Dubai Financial Market today, Wednesday, that the general assembly will also discuss the restructuring of Khaleeji Commercial Bank, according to the agreements, the first of which is the group signing an agreement to exchange financial and investment assets With a value of BD 46.4 million with Khaleeji Commercial Bank.
and the second of these agreements is that the group signed an agreement with the bank to guarantee coverage of the subscription in the bank's first-class capital bonds worth 60 million Bahraini dinars at a premium of 12 million dinars Bahraini, and the group obtained a subscription fee of BD 12.1 million.
The group indicated that the General Assembly will discuss the governance report for the fiscal year ending on December 31, 2019 after adding the item related to the remuneration strategy, and appointing Ali Murad and Ahmed Al-Ahmadi to the Group's Board of Directors Election of the bank’s board of directors for the next three years.
The group noted that if the quorum is not completed, the second meeting will be on September 30, 2020, and the third meeting will take place if necessary on October 7, 2020.
(Amazon Fun Knowledge)
