GFH obtains regulatory approval on treasury share acquisition

GFH, previously known as Gulf Finance House, has received regulatory approval to acquire treasury shares, the company said in a statement on Thursday to Dubai Financial Market (DFM).

The acquisition can be completed within the next 90 days, while the purchase date will depend on market conditions.

The announcement comes after an approval from GFH’s shareholders at its extraordinary general meeting on April 12.

Bahrain-based GFH is an Islamic investment bank, which is listed on the DFM, Kuwait Stock Exchange (KSE), and Bahrain Bourse. The firm was previously traded on the London Stock Exchange (LSE).