GFH FINANCIAL GROUP BSC CMP/OCT/2022/0004
ف | |||||||||
ئﺎﻤﺘﺋإ ﻒ�نﺼﺗ ﻦﻋ حﺎﺼﻓإ | |||||||||
ي | |||||||||
Announcement on Credit Rating | |||||||||
Date | 10/10/2022 | ﺦﯾرﺎﺗﻟا | |||||||
Name of Listed | .ب .م .ش ﺔﯾﻟﺎﻣﻟا شﺗإ فإ ﻲﺟ ﺔﻋوﻣﺟﻣ | ﺔﺟردﻣﻟا ﺔﻛرﺷﻟا مﺳإ | |||||||
Company | GFH Financial Group B.S.C. | ||||||||
Trading Code | GFH | لوادﺗﻟا زﻣر | |||||||
Name of the Credit | ﺔﯾﻧﺎﻣﺗﺋﻻا تﺎﻔﯾﻧﺻﺗﻠﻟ سﻧﺟﯾﻠﺗﻧا لﺎﺗﯾﺑﺎﻛ | / فﯾﻧﺻﺗﻟا ﺔﮭﺟ مﺳا | |||||||
Rating Agency | Capital Intelligence Ratings | ﻲﻧﺎﻣﺗﺋﻻا فﯾﻧﺻﺗﻟا ﺔﻟﺎﻛو | |||||||
Credit Rating | ىوﺗﺳﻣﻟﺎﺑ ﺔﯾﺑﻧﺟﻷا تﻼﻣﻌﻠﻟ ﺔﺑﺳﻧﻟﺎﺑ ﺔﻋوﻣﺟﻣﻠﻟ لﺟﻷا رﯾﺻﻗو لﺟﻷا لﯾوط فﯾﻧﺻﺗﻟا | ||||||||
ةرﻘﺗﺳﻣ ﺔﯾﻠﺑﻘﺗﺳﻣ ةرظﻧ ﻊﻣ ﻲﻟاوﺗﻟا ﻰﻠﻋ (B) و (BB-) | |||||||||
Classification | فﯾﻧﺻﺗﻟا تﺎﺋﻓ | ||||||||
Long-Term and Short-Term Foreign Currency Ratings at (BB-) and | |||||||||
Categories | |||||||||
(B) Respectively with a Stable Long Term Outlook | |||||||||
"سﻧﺟﯾﻠﺗﻧا لﺎﺗﯾﺑﺎﻛ" نأ قاوﺳﻷاو نﯾﻣھﺎﺳﻣﻟا ةدﺎﺳﻟا مﻼﻋإ ﺔﯾﻟﺎﻣﻟا شﺗإ فإ ﻲﺟ ﺔﻋوﻣﺟﻣ دوﺗ | |||||||||
ﻰﻟإ ﺔﻓﺎﺿﻹﺎﺑ ،"ةرﻘﺗﺳﻣ" ـﻛ ﺔﻋوﻣﺟﻣﻠﻟ ﺔﯾﻠﺑﻘﺗﺳﻣﻟا ةرظﻧﻟا دﯾﻛﺄﺗﺑ تﻣﺎﻗ دﻗ ﻲﻧﺎﻣﺗﺋﻻا فﯾﻧﺻﺗﻠﻟ | |||||||||
ﻰﻠﻋ B و BB- ىوﺗﺳﻣﺑ ﺔﯾﺑﻧﺟﻷا تﻼﻣﻌﻠﻟ لﺟﻷا رﯾﺻﻘﻟاو لﯾوطﻟا ﺎﻧﻔﯾﻧﺻﺗ دﯾﻛﺄﺗ ةدﺎﻋإ | |||||||||
.ﻲﻟاوﺗﻟا | |||||||||
ً | |||||||||
قﺎﻘﺣﺗﺳا فﻠﻣو ﺔﯾﺿرﻣﻟا ﺔﻟوﯾﺳﻟﺎﺑ ﺔﻣوﻋدﻣ تﺎﻔﯾﻧﺻﺗﻟا لازﺗ ﻻ ،سﻧﺟﻠﺗﻧا لﺎﺗﯾﺑﺎﻛﻟ ﺎﻘﻓو | |||||||||
وھ تﺎﻔﯾﻧﺻﺗﻟا مﻋد نإ لﯾﻗ ﺎﻣﻛ .ﺎﯾﻓارﻐﺟً ﺔﻋوﻧﺗﻣﻟا ﺔﯾﻣوﻣﻌﻟا ﺔﯾﻧازﯾﻣﻟاو دﺗﻣﻣﻟا نوﯾدﻟا | |||||||||
نﯾﺳﺣﺗو ، نﯾدﻟا ﺔﻣدﺧ ﻰﻠﻋ ﺔﯾﺿرﻣ ةردﻗو ، لﯾوﻣﺗﻟا ةدﺎﻋإ رطﺎﺧﻣ ﻲﻓ لوﻘﻌﻣ ضﺎﻔﺧﻧا | |||||||||
A simple | .تادارﯾﻹا ردﺎﺻﻣ ﻊﯾوﻧﺗ | ||||||||
explanation of the | GFH Financial Group would like to advise its shareholders and the | فﯾﻧﺻﺗﻠﻟ طﺳﺑﻣ حرﺷ | |||||||
Credit Rating | |||||||||
markets | that Capital Intelligence Ratings (CI) has affirmed our | ﮫﺗﻻﻻدو ردﺎﺻﻟا | |||||||
Classification issued | |||||||||
outlook as 'Stable' - in addition to reaffirming our Long and Short- | |||||||||
and its implications | |||||||||
term Foreign Currency Rating as "BB-B", respectively. | |||||||||
According to the CI, the ratings remain underpinned by GFH's | |||||||||
satisfactory liquidity, extended debt maturity profile and | |||||||||
geographically diversified balance sheet. Also supporting the ratings | |||||||||
was said to be reasonably low refinancing risk, satisfactory debt | |||||||||
service capacity and improved diversification of revenue streams. | |||||||||
The expected | |||||||||
financial impact of | ﻊﻗوﺗﻣﻟا ﻲﻟﺎﻣﻟا رﺛﻷا | ||||||||
the Credit Rating | |||||||||
ﻖﺑطﻧﯾ ﻻ | ﺞﺋﺎﺗﻧ ﻰﻠﻋ فﯾﻧﺻﺗﻠﻟ | ||||||||
Classification on the | |||||||||
Not applicable | ﻲﻟﺎﻣﻟا زﻛرﻣﻟاو لﺎﻣﻋأ | ||||||||
company's business | |||||||||
ﺔﻛرﺷﻠﻟ | |||||||||
and financial | |||||||||
position | |||||||||
Future outlook (as | ةرﻘﺗﺳﻣ | ﺔﻛرﺷﻠﻟ ﺔﯾﻠﺑﻘﺗﺳﻣﻟا ةرظﻧﻟا | |||||||
فﯾﻧﺻﺗﻟا ﺔﮭﺟ يأر بﺳﺣ) | |||||||||
per the Credit | Stable | ||||||||
(ﻲﻧﺎﻣﺗﺋﻻا | |||||||||
Rating Agency) | ||||||||||
about the company | ||||||||||
رطﺎﺧﻣﻟا نﻣ دﺣﻟا ﻲﻓ ﺎﻧدوﮭﺟﻟ رﻣﺗﺳﻣﻟا سﻧﺟﻠﺗﻧا لﺎﺗﯾﺑﺎﻛ رﯾدﻘﺗﻟ ﺎھرورﺳ نﻋ ةرادﻹا رﺑﻌﺗ | ||||||||||
ُ | ||||||||||
ﻲﻋﺎﻓدﻟا ﺎﻧﺟﮭﻧ ﺔھازﻧ تﺎﻔﯾﻧﺻﺗﻟا رﮭظﺗ .ﺔﯾﺿﺎﻣﻟا تاوﻧﺳﻟا ىدﻣ ﻰﻠﻋ ﺎﻧﯾدﻟ ﺔﻠﻣﺎﺷﻟا ﺔﯾﻧﺎﻣﺗﺋﻻا | ||||||||||
.ﺔﻠﻣﺳرﻟا تﺎﺳرﺎﻣﻣو رطﺎﺧﻣﻟا ةرادﻹ ﺔﻣرﺎﺻﻟا ﺔﺑﺟاوﻟا ﺔﯾﺎﻧﻌﻟا ﻰﻟإ ﺔﻓﺎﺿﻹﺎﺑ تارﺎﻣﺛﺗﺳﻼﻟ | ||||||||||
نﯾﻧﺳﻟا رﻣ ﻰﻠﻋ ةدﯾدﺟ لﺎﻣﻋأ تﺎﻋﺎطﻗ ﺎﻧﻗﻼطﻹ سﻧﺟﻠﺗﻧا لﺎﺗﯾﺑﺎﻛ رﯾرﻘﺗ قرطﺗ رﺑﺗﻌﻧ ﺎﻣﻛ | ||||||||||
فإ ﻲﺟ لﯾوﺣﺗﻟ ﺎﻧﺗﯾﺟﯾﺗارﺗﺳا ﻖﯾﻘﺣﺗﻟ ةرﻣﺗﺳﻣﻟا ﺎﻧدوﮭﺟﻟ ارﯾدﻘﺗً تﺎﻔﯾﻧﺻﺗﻟا هذھ ﻰﻟا ﺔﻓﺎﺿﻹﺎﺑ | ||||||||||
Summary of the | .ﺔﯾﻣﻼﺳﻹا ﺔﻌﯾرﺷﻟا ﻊﻣ ﺔﻘﻓاوﺗﻣو ﺔﻠﻣﺎﻛﺗﻣ ﺔﯾﻟﺎﻣ ﺔﻋوﻣﺟﻣ ﻰﻟإ شﺗإ | |||||||||
official statement | The management are pleased with CI's ongoing recognition of our | ﻲﻣﺳرﻟا ﺢﯾرﺻﺗﻟا صﺧﻠﻣ | ||||||||
issued by the | ||||||||||
نﺄﺷﺑ ﺔﻛرﺷﻟا نﻋ ردﺎﺻﻟا | ||||||||||
company regarding | efforts in reducing our overall credit risk profile over the last few | |||||||||
فﯾﻧﺻﺗﻟا | ||||||||||
the Classification of | years. The ratings demonstrate the integrity of our defensive | |||||||||
the Credit Rating | approach to investments as well as the resounding due diligence of | |||||||||
our risk management and capitalisation practices. | ||||||||||
With our launch of new business segments over the years being | ||||||||||
noted as part of CI's report, the ratings are also a recognition of our | ||||||||||
continued efforts to pursue our strategy of transforming GFH into a | ||||||||||
fully integrated Sharia'a compliant financial group. | ||||||||||
Press release or | رﯾرﻘﺗﻟا لﺟأ نﻣ فﯾﻧﺻﺗﻟا ﺔﻟﺎﻛو ﻊﻗوﻣ ﻰﻟا عوﺟرﻟا نﺎﻛﻣﻹﺎﺑ | وأ ﻲﻔﺣﺻﻟا ﺢﯾرﺻﺗﻟا | ||||||||
You may refer to the agency's website for the report | ||||||||||
executive summary | يذﯾﻔﻧﺗﻟا صﺧﻠﻣﻟا | |||||||||
http://www.ciratings.com/news/2022/10/06/3959 | ||||||||||
Name | Mariam Jowhary | يﺮﻫﻮﺟ ﻢ��ﻣ | ﻢﺳﻹا | |||||||
ت | ف | |||||||||
Title | Head of Compliance & AML | ف | ��ﻇﻮﻟا �ﺴﻤﻟا | |||||||
لاﻮﻣﻻا ﻞﺴﻏ ﺔﺤﻓﺎكﻣو ما�ﻟﻹا ﺲ�ﺋر | ||||||||||
ي | ||||||||||
ش | Signature ﻊﻴﻗﻮﺘﻟا | |||||||||
Company Seal ﺔﻛ�ﻟا ﻢﺘﺧ | ||||||||||
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GFH Financial Group BSC published this content on 11 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 October 2022 05:51:02 UTC.
