GFH’s board terminates market making/liquidity providing agreement

GFH’s board terminates market making/liquidity providing agreement

Mubasher: The board of GFH Financial Group has decided to terminate the market making/liquidity providing agreement, according to the company's disclosure to the Dubai Financial Market (DFM).

The board also agreed to extinguish treasury shares amounting to 94.339 million shares used for the purpose of market-making/liquidity.

This decision is subject to obtaining the relevant regulatory approvals.

It is noteworthy to mention that in 2020, the group's net profits attributable to the shareholders plunged by 31.7% to $45.1 million, compared to $66.033 million in 2019.

GFH is listed on Bahrain Bourse (BHB), Boursa Kuwait, and the Dubai Financial Market (DFM).