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GFH officially rebranded ‘GFH Financial Group’

GFH officially rebranded ‘GFH Financial Group’
Photo Credit: Arabianeye - Reuters
GFH
GFH
-2.68% 1.09 -0.03

Dubai – Mubasher: Gulf Finance House, which is listed on Bahrain, Dubai and Kuwait bourses, announced that, upon the approval of its extraordinary general meeting on 12 April, it has completed all official procedures related to changing its name.

Accordingly, the company’s name has officially been changed to ‘GFH Financial Group BSC’, starting 30 July.

The company’s EGM also endorsed changes to the articles of incorporation to reflect the rebranding.

Shareholders gave a nod to offsetting accumulated losses through a capital decrease to $598 million, from $1.495 billion.

GFH Group board of directors will convene a meeting on 12 August to discuss financial statements for the second quarter of 2015.