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Bahrain

Bahrain’s GFH Financial Group posts $60.75 million in H1 2024

Earnings per share for the January-June period rose to $1.70, up from $1.55 in H1 2023, marking a 9.7% increase

Gulf International Bank posts $41 million in Q2 2024

The bank’s total assets at the end of the first half were $45.7 billion, a 3% decrease from $47.1 billion in December 2023

Al Ansari to acquire Bahrain’s BFC Group Holdings for $200 million

The strategic acquisition will allow Al Ansari to expand its geographic presence and become the largest remittance and exchange in the GCC region

Bahrain’s GFH Financial Group posts 13.03% jump in Q1 profit

Earnings per share for the quarter was $0.77 compared with $0.72 in the first quarter of 2023

BENEFIT records $77.1 billion in electronic transactions in 2023

All Fawri+ transactions reached a volume of nearly 335 million, a 37% increase from the previous year

AFS, Xpence partner to innovate SME finance in Bahrain

The alliance is poised to deliver unparalleled financial control and efficiency to Bahrain’s burgeoning SME sector

Central Bank of Bahrain issues new ESG reporting framework

The framework provides listed companies with guidelines on the reporting requirements for ESG factors

GFH Financial Group posts $78.9 million in nine-month profit

The group’s total assets increased by nearly 8% to reach $10.54 billion in the nine months to September 30 from $9.76 billion in December 2022

BENEFIT acquires Bahrain Fintech Bay to foster robust fintech ecosystem

The partnership brings together Bahrain’s leading fintech market players to develop a more systematic and institutional framework

Bahrain issues new licenses to expand scope of family offices

The regulations were developed to suit the business models of family offices that provide services to multiple wealthy families

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