GFH Financial BSC : Update on the Progress of the Discussions to Acquire Ithmaar’s Financing and Investment Portfolios

	CMP/May/2024/0006
						نﻼﻋإ
						Announcement
	Date					06/05/2024			ﺦﯾرﺎﺗﻟا
	Company Name				.ب.م.ش ﺔﯾﻟﺎﻣﻟا شﺗإ فإ ﻲﺟ ﺔﻋوﻣﺟﻣ			ﺔﻛرﺷﻟا مﺳإ
				GFH Financial Group B.S.C.
	Trading Code				GFH			لوادﺗﻟا زﻣر
			لﯾوﻣﺗﻠﻟ ﺔﻀﺑﺎﻘﻟا رﺎﻤﺛﻹا ﺔﻛﺮﺷ ظﻓﺎﺣﻣ ﻰﻠﻋ ذاوﺣﺗﺳﻺﻟ تﺎﺛدﺎﺣﻣﻟا تاروطﺗو تادﺟﺗﺳﻣ
	Subject					رﺎﻣﺛﺗﺳﻹاو
		Update on the Progress of the Discussions to Acquire Ithmaar's		عوﺿوﻣﻟا
					Financing and Investment Portfolios
			ﺔﻛرﺷ و ( "شﺗأ فإ ﻲﺟ" ـﺑ ﺎﮭﯾﻟإ رﺎﺷﯾو) .ب.م.ش ﺔﯾﻟﺎﻣﻟا شﺗإ فإ ﻲﺟ ﺔﻋوﻣﺟﻣ دوﺗ
			ﺔﯾرارﻣﺗﺳﺈﺑ نﯾﻣھﺎﺳﻣﻟا ةدﺎﺳﻟا مﻼﻋإ ("رﺎﻣﺛﻹا"ـﺑ ﺎﮭﯾﻟإ رﺎﺷﯾو) .ب.م.ش ﺔﺿﺑﺎﻘﻟا رﺎﻣﺛﻹا
			تﺎﺷﻗﺎﻧﻣﻟا نأ ثﯾﺣ رﺎﻣﺛﺗﺳﻹاو لﯾوﻣﺗﻠﻟ رﺎﻣﺛﻹا ظﻓﺎﺣﻣ ﻰﻠﻋ ذاوﺣﺗﺳﻹﺎﺑ ﺔﻘﻠﻌﺗﻣﻟا تﺎﺛدﺎﺣﻣﻟا
			نﺈﻓ ،كﻟذ ﻰﻠﻋ ةوﻼﻋ .ﺎﮭﯾﻠﻋ قﺎﻔﺗﻻاو ﺔﻘﻔﺻﻟا لﻛﯾھ ﻰﻠﻋ ةرﯾﺧﻷا تﺎﺳﻣﻠﻟا ﻊﺿوﻟ ﺔﯾرﺎﺟ
			ﺔﻘﻓاوﻣ	ﻰﻠﻋ	لوﺻﺣﻟا ضرﻐﺑ	ﺔﯾدﺎﻋ رﯾﻏ ﺔﻣﺎﻋ ﺔﯾﻌﻣﺟ دﻘﻌﻟ بﯾﺗرﺗﻟا ددﺻﺑ رﺎﻣﺛﻹا
							.نﯾﻣھﺎﺳﻣﻟا
			غﻼﺑإ	مﺗﯾﺳو	ﺎﻣﻛ ،نﯾﻓرطﻟا ﻼﻛﻟ	ﺔﯾﺑﺎﻗرﻟا تﺎﻘﻓاوﻣﻟاو ﺔﺑﺟاوﻟا ﺔﯾﺎﻧﻌﻠﻟ	تﺎﺷﻗﺎﻧﻣﻟا ﻊﺿﺧﺗ
						.يرود لﻛﺷﺑ ددﺻﻟا اذھ ﻲﻓ تاروطﺗﻟﺎﺑ نﯾﻣھﺎﺳﻣﻟا
	Information		GFH Financial Group B.S.C. ("GFH") and Ithmaar Holding B.S.C.		ﺔﻣوﻠﻌﻣﻟا
		("Ithmaar") would like to update the shareholders that they are
			continuing discussions for GFH to acquire Ithmaar's financing and
			investment portfolios.
			Discussions are in progress to finalize and agree on the transaction
			structure and definitive documents. Further, Ithmaar is in process
			of arranging an Extraordinary General Meeting (EGM) for purpose
			of shareholders' approval. The discussions are subject to due
			diligence and regulatory approvals. Shareholders will be informed
			of any further developments on regular basis.

				دﺋاوﻋ دﯾزﺗو ﺔﯾﻟﺎﻣﻟا تﺎﻧﺎﯾﺑﻟا ﻰﻠﻋ رﺛؤﻣ و ﻲﺑﺎﺟﯾا رﯾﺛﺄﺗ ﺔﯾﻠﻣﻌﻟا هذﮭﻟ نوﻛﯾ نأ ﻊﻗوﺗﻣﻟا نﻣ
	Expected Financial				.ﺔﻋوﻣﺟﻣﻟا		ﻊﻗوﺗﻣﻟا ﻲﻟﺎﻣﻟا رﺛﻷا
	Impact			This transaction is expected to have a positive and significant impact
				on the financials and increase the returns for the Group.
				سرﺎﻣ 6 ﺦﯾرﺎﺘﺑ ردﺎﺼﻟا رﺎﻤﺜﺘﺳﻹاو ﻞﯾﻮﻤﺘﻠﻟ رﺎﻤﺛإ ﻆﻓﺎﺤﻣ ﻰﻠﻋ ذاﻮﺤﺘﺳﻺﻟ تﺎﺛدﺎﺤﻣ ءاﺮﺟإ
				.2024 ﻞﯾﺮﺑأ 7 ﺦﯾرﺎﺘﺑ تاﻮﻄﺘﻟا نﻼﻋإ ﻦﻣ ﺎﮭﻌﺒﺗ ﺎﻣ و 2024
	Previous relevant			Discussions to Acquire Ithmaar's Financing and Investment		ﺔﻠﺻ تاذ ﺔﻘﺑﺎﺳ تﺎﺣﺎﺻﻓإ
	disclosures (if any)				(تدﺟوُ نإ)
			Portfolios dated 6th March 2024, and the follow up announcement
				on progress dated 7th April 2024.
	Name		Mariam Jowhary	يﺮھﻮﺟ ﻢﯾﺮﻣ		ﻢﺳﻹا
	Title		Head of Compliance & AML	لاﻮﻣﻻا ﻞﯿﺴﻏ ﺔﺤﻓﺎﻜﻣو ماﺰﺘﻟﻹا ﺲﯿﺋر		ﻲﻔﯿظﻮﻟا ﻰﻤﺴﻤﻟا
	Company Seal ﺔﻛﺮﺸﻟا ﻢﺘﺧ	Signature ﻊﯿﻗﻮﺘﻟا