GFH: Kepoint Trust increases its ownership in the group to 7.77%

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Arabian Business Egypt: GFH Financial Group, listed on the Dubai Financial Market, Bahrain Stock Exchange and Kuwait Stock Exchange, announced that Kepoint Trust Company raised its ownership in the group to 7.77%, from 7.24% of the paid-up capital.

And the group confirmed in a statement today, Sunday, to the “Dubai Financial Market”, that Kepoint Trust company currently owns up to 285.9 million shares of the group in the Bahrain Stock Exchange and Dubai Financial Market.

It is noteworthy that a few days ago, Kiponet Trust increased the ownership of GFH Financial Group (listed on the Bahrain and Dubai and Kuwait Stock Exchanges) from 6.61% to 7.24% of the paid-up capital.

This month, KIPONET Trust increased its ownership interest in GFH Financial Group (whose shares are listed on the Bahrain, Dubai and Kuwait stock exchanges) from 6.14% to 6.61% of the paid-up capital.

At the beginning of this month, Kiponet Trust increased the ownership of GFH Financial Group (whose shares are listed on the Bahrain, Dubai and Kuwait stock exchanges) to 6.14%.

During February 2020, GFH Financial Group revealed that Kepoint Trust raised its ownership interest in the group to 5.52%, from 5.03%, and about three weeks ago, GFH Financial Group announced that Kepoint Trust increased its ownership percentage in the group .

At the level of the financial results of the group, its profits attributable to shareholders’ equity decreased by 38.7%, to reach 6.5 million dollars at the end of the fourth quarter of last year, compared to 10.6 million dollars in the same period of 2018.

The group’s profits fell 29.8 percent to $ 80.1 million at the end of 2019, compared to $ 114.1 million in the year before last.







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