MANAMA: Bahrain-based GFH on Wednesday reiterated its position to its shareholders and the markets that it does not have any intentions to amend the agenda of the Extraordinary General Meeting (EGM) with regards to discussing the proposal to reduce its capital, which is now under the authority of the shareholders to approve or reject.
The bank was referring to the news that has been circulated on social media regarding GFH’s intention to withdraw its intention to reduce its capital as proposed. Therefore, the bank added, any news which depicts otherwise should be disregarded.