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GFH Financial Group BSC

KWSE:GFH
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GFH
KWSE
KWD168M
Market Cap
  1. Home
  2. KW
  3. Diversified Financials
Company description

GFH Financial Group BSC, an Islamic wholesale investment bank, provides investment advisory and transaction services. The last earnings update was 51 days ago. More info.


Add to Portfolio Compare Print
  • GFH Financial Group BSC has significant price volatility in the past 3 months.
GFH Share Price and Events
7 Day Returns
-2.1%
KWSE:GFH
-3%
KW Capital Markets
-4%
KW Market
1 Year Returns
-39.7%
KWSE:GFH
-26.1%
KW Capital Markets
-18.7%
KW Market
GFH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
GFH Financial Group BSC (GFH) -2.1% -33.3% -30.1% -39.7% -76% 11.7%
KW Capital Markets -3% -25.3% -25% -26.1% -57% -16.9%
KW Market -4% -19.2% -24.9% -18.7% -7.2% -7.8%
1 Year Return vs Industry and Market
  • GFH underperformed the Capital Markets industry which returned -26.1% over the past year.
  • GFH underperformed the Market in Kuwait which returned -18.7% over the past year.
Price Volatility
GFH
Industry
5yr Volatility vs Market

Value

 Is GFH Financial Group BSC undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for GFH Financial Group BSC. This is due to cash flow or dividend data being unavailable. The share price is KWD0.0467.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for GFH Financial Group BSC's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are GFH Financial Group BSC's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
KWSE:GFH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.02
KWSE:GFH Share Price ** KWSE (2020-04-02) in KWD KWD0.05
KWSE:GFH Share Price converted to USD reporting currency Exchange rate (KWD/ USD) 3.21 $0.15
Kuwait Capital Markets Industry PE Ratio Median Figure of 13 Publicly-Listed Capital Markets Companies 11.26x
Kuwait Market PE Ratio Median Figure of 113 Publicly-Listed Companies 11.26x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of GFH Financial Group BSC.

KWSE:GFH PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= KWSE:GFH Share Price ÷ EPS (both in USD)

= 0.15 ÷ 0.02

6.22x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • GFH Financial Group BSC is good value based on earnings compared to the KW Capital Markets industry average.
  • GFH Financial Group BSC is good value based on earnings compared to the Kuwait market.
Price based on expected Growth
Does GFH Financial Group BSC's expected growth come at a high price?
Raw Data
KWSE:GFH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
21%per year
Asia Capital Markets Industry PEG Ratio Median Figure of 58 Publicly-Listed Capital Markets Companies 1.63x
Kuwait Market PEG Ratio Median Figure of 16 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

KWSE:GFH PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.22x ÷ 21%

0.3x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • GFH Financial Group BSC is good value based on expected growth next year.
Price based on value of assets
What value do investors place on GFH Financial Group BSC's assets?
Raw Data
KWSE:GFH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $0.28
KWSE:GFH Share Price * KWSE (2020-04-02) in KWD KWD0.05
KWSE:GFH Share Price converted to USD reporting currency Exchange rate (KWD/ USD) 3.21 $0.15
Kuwait Capital Markets Industry PB Ratio Median Figure of 16 Publicly-Listed Capital Markets Companies 0.52x
Kuwait Market PB Ratio Median Figure of 156 Publicly-Listed Companies 0.51x
KWSE:GFH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= KWSE:GFH Share Price ÷ Book Value per Share (both in USD)

= 0.15 ÷ 0.28

0.54x

* Primary Listing of GFH Financial Group BSC.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • GFH Financial Group BSC is overvalued based on assets compared to the KW Capital Markets industry average.
X
Value checks
We assess GFH Financial Group BSC's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. GFH Financial Group BSC has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is GFH Financial Group BSC expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
21%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is GFH Financial Group BSC expected to grow at an attractive rate?
  • GFH Financial Group BSC's earnings growth is expected to exceed the low risk savings rate of 8.6%.
Growth vs Market Checks
  • GFH Financial Group BSC's earnings growth is expected to exceed the Kuwait market average.
  • GFH Financial Group BSC's revenue growth is positive but not above the Kuwait market average.
Annual Growth Rates Comparison
Raw Data
KWSE:GFH Future Growth Rates Data Sources
Data Point Source Value (per year)
KWSE:GFH Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 21%
KWSE:GFH Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 7.7%
Asia Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 12.8%
Asia Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 8.5%
Kuwait Market Earnings Growth Rate Market Cap Weighted Average 8.9%
Kuwait Market Revenue Growth Rate Market Cap Weighted Average 10.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
KWSE:GFH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
KWSE:GFH Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 296 123 1
2020-12-31 269 110 1
KWSE:GFH Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 253 516 81
2019-09-30 129 1,007 86
2019-06-30 122 1,217 91
2019-03-31 103 1,044 97
2018-12-31 155 478 111
2018-09-30 195 282 110
2018-06-30 176 6 107
2018-03-31 170 6 102
2017-12-31 197 96 97
2017-09-30 -6 241 295
2017-06-30 -45 305 261
2017-03-31 -66 179 238

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • GFH Financial Group BSC's earnings are expected to grow significantly at over 20% yearly.
  • GFH Financial Group BSC's revenue is expected to grow by 7.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
KWSE:GFH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from GFH Financial Group BSC Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

KWSE:GFH Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
KWSE:GFH Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.02
2019-09-30 0.02
2019-06-30 0.03
2019-03-31 0.03
2018-12-31 0.03
2018-09-30 0.03
2018-06-30 0.03
2018-03-31 0.03
2017-12-31 0.03
2017-09-30 0.11
2017-06-30 0.10
2017-03-31 0.09

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • GFH Financial Group BSC is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess GFH Financial Group BSC's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
GFH Financial Group BSC has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has GFH Financial Group BSC performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare GFH Financial Group BSC's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • GFH Financial Group BSC has delivered over 20% year on year earnings growth in the past 5 years.
  • GFH Financial Group BSC's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • GFH Financial Group BSC's 1-year earnings growth is negative, it can't be compared to the KW Capital Markets industry average.
Earnings and Revenue History
GFH Financial Group BSC's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from GFH Financial Group BSC Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

KWSE:GFH Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 252.82 80.58 55.57
2019-09-30 129.09 85.75 58.13
2019-06-30 122.31 90.57 58.13
2019-03-31 102.80 97.06 58.13
2018-12-31 155.41 110.54 58.13
2018-09-30 194.62 110.36 9.92
2018-06-30 176.28 107.29 22.12
2018-03-31 169.68 101.79 35.55
2017-12-31 197.07 96.89 46.17
2017-09-30 -5.54 294.87 68.46
2017-06-30 -45.43 261.12 63.60
2017-03-31 -66.50 237.83 62.67
2016-12-31 -104.03 213.47 59.38
2016-09-30 71.52 -5.65 39.49
2016-06-30 81.21 2.28 38.85
2016-03-31 69.59 -3.14 35.84
2015-12-31 70.64 -8.69 35.25
2015-09-30 29.00 -10.49 35.96
2015-06-30 30.87 -5.30 35.22
2015-03-31 41.07 4.16 33.77
2014-12-31 38.21 4.89 32.23
2014-09-30 51.86 -8.08 22.97
2014-06-30 31.84 -16.78 19.03
2014-03-31 4.55 -24.68 14.25
2013-12-31 -5.81 -24.13 10.20
2013-09-30 11.64 2.73 11.08
2013-06-30 17.32 7.69 10.78

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • GFH Financial Group BSC has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • GFH Financial Group BSC used its assets less efficiently than the KW Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if GFH Financial Group BSC improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess GFH Financial Group BSC's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
GFH Financial Group BSC has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is GFH Financial Group BSC's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up GFH Financial Group BSC's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • GFH Financial Group BSC's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • GFH Financial Group BSC's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of GFH Financial Group BSC's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from GFH Financial Group BSC Company Filings, last reported 3 months ago.

KWSE:GFH Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,292.87 2,726.67 1,156.01
2019-09-30 1,412.64 2,943.39 998.48
2019-06-30 1,379.77 2,989.72 1,076.73
2019-03-31 1,409.11 2,836.30 911.22
2018-12-31 1,422.78 1,884.53 711.30
2018-09-30 1,415.98 1,379.83 438.99
2018-06-30 1,445.75 1,418.63 221.75
2018-03-31 1,416.77 1,209.01 301.22
2017-12-31 1,495.79 1,223.56 300.58
2017-09-30 1,483.20 1,178.14 406.59
2017-06-30 1,522.07 1,037.55 412.71
2017-03-31 1,065.03 769.90 297.25
2016-12-31 1,121.71 739.51 358.24
2016-09-30 907.79 608.30 247.48
2016-06-30 907.80 582.11 178.46
2016-03-31 899.65 545.47 240.18
2015-12-31 893.42 493.71 255.18
2015-09-30 1,087.36 535.14 310.51
2015-06-30 1,091.13 584.30 357.13
2015-03-31 1,083.00 585.83 389.53
2014-12-31 1,017.66 588.80 420.61
2014-09-30 851.39 310.32 114.59
2014-06-30 716.54 354.84 47.55
2014-03-31 706.88 352.28 64.52
2013-12-31 500.92 301.28 49.82
2013-09-30 519.48 314.04 87.57
2013-06-30 458.70 325.97 39.40
  • GFH Financial Group BSC's level of debt (210.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (57.8% vs 210.9% today).
  • Debt is not well covered by operating cash flow (18.9%, less than 20% of total debt).
  • Unable to confirm if the interest payments on GFH Financial Group BSC's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess GFH Financial Group BSC's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. GFH Financial Group BSC has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is GFH Financial Group BSC's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
9.87%
Current annual income from GFH Financial Group BSC dividends.
If you bought KWD2,000 of GFH Financial Group BSC shares you are expected to receive KWD197 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • GFH Financial Group BSC's pays a higher dividend yield than the bottom 25% of dividend payers in Kuwait (5.59%).
  • GFH Financial Group BSC's dividend is above the markets top 25% of dividend payers in Kuwait (9.54%).
Upcoming dividend payment

Purchase GFH Financial Group BSC before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
KWSE:GFH Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Kuwait Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 10.4%
Kuwait Market Average Dividend Yield Market Cap Weighted Average of 74 Stocks 5%
Kuwait Minimum Threshold Dividend Yield 10th Percentile 3.3%
Kuwait Bottom 25% Dividend Yield 25th Percentile 5.6%
Kuwait Top 25% Dividend Yield 75th Percentile 9.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

KWSE:GFH Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
KWSE:GFH Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-13 0.015 7.832
2019-04-07 0.008 3.505
2018-02-14 0.022 7.391
2017-02-06 0.023 4.670
2011-06-19 0.000 0.000
2010-08-24 0.000 0.000
2010-07-15 0.000 0.000
2010-05-02 0.000 0.000
2010-04-15 0.000 0.000
2010-02-17 0.000 0.000
2010-02-15 0.000 0.000
2009-11-10 0.472 17.370

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of GFH Financial Group BSC's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess GFH Financial Group BSC's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 3.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can GFH Financial Group BSC afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. GFH Financial Group BSC has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of GFH Financial Group BSC's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Hisham Al Rayes
TENURE AS CEO 8 years
CEO Bio

Mr. Hisham Ahmed Al Rayes has been the Chief Executive Officer of GFH Financial Group (B.S.C.) (formerly GFH Financial Group B.S.C) since December 2013. Mr. Al Rayes serves as the Managing Director of GFH Capital Limited. He oversees overall GFH Capital investment practices in financial institutions, technology and consumers goods. He has been an Executive Director of GFH Financial Group (B.S.C.) since April 17, 2016. He has extensive experience gained over more than 13 years working in the banking industry, with focus on start-ups, investments turnarounds and debt restructuring. He served as the Chief Investment Officer of GFH Financial Group (B.S.C.) and Gulf Finance House (B.S.C) E.C., Investment Arm since May 2007. He served as Acting Chief Executive Officer of GFH Financial Group B.S.C. from March 2012 to December 2013 and served as its Interim Chief Executive Officer since April 2012. He founded Invita B.S.C. and served as its General Manager. Previously, he was part of Bank of Bahrain and Kuwait’s Senior Management team. Mr. Al Rayes serves as the Chairman of the Board of Balexco, Cemena Holding Company, Gulf Holdings Company, Gulf Holding Company K.S.C. and Al Khaleej Fund & Investment Company. He serves as Vice Chairman of Falcon Cement Company. He serves as a Board Member of GFH Capital Limited and GFH financial Group. He has been Non-Independent Executive Director of Khaleeji Commercial Bank B.S.C. since June 2012. He has been a Director at Leeds United Football Club Limited since December 2012. He served as a Non-Executive Independent Director of SHUAA Capital PSC since February 20, 2017 until July 30, 2017. He holds a number of board memberships of several companies including Bahrain Aluminum Extrusion Company and Naseej Development Co. He has been named ‘Bank CEO of the Year’ (2017) at the CEO Middle East Awards and was honoured amongst leading regional CEO’s at the ‘Top CEO Awards’ (2017). Mr. Al Rayes holds a Master's degree with Honours in Business Administration from the University of De Paul and Bachelors degree with Honours in Electrical Engineering from the University of Bahrain.

CEO Compensation
  • Insufficient data for Hisham to compare compensation growth.
  • Insufficient data for Hisham to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure of the GFH Financial Group BSC management team in years:

3.8
Average Tenure
  • The tenure for the GFH Financial Group BSC management team is about average.
Management Team

Jassim Al Seddiqi

TITLE
Chairman of the Board
AGE
35

Hisham Al Rayes

TITLE
Group CEO & Director
TENURE
8 yrs

Shaikh Bin Khalifa Al Khalifa

TITLE
Vice Chairman

Surya Hariharan

TITLE
Head of Financial Control

Salem Patel

TITLE
Former Senior Executive Director of Corporate Investment & Debt

Salah Sharif

TITLE
Chief Administrative Officer
TENURE
2 yrs

Imran Sami

TITLE
Head of Legal

Mariam Jowhary

TITLE
Head of Compliance & AML

Hazim Yusuf Abdulkarim

TITLE
Head of Corporate Communications
TENURE
3.2 yrs

Muneera Isa

TITLE
Head of Human Resources
TENURE
4.4 yrs
Board of Directors Tenure

Average tenure of the GFH Financial Group BSC board of directors in years:

3.1
Average Tenure
  • The tenure for the GFH Financial Group BSC board of directors is about average.
Board of Directors

Hisham Al Rayes

TITLE
Group CEO & Director
TENURE
4 yrs

Shaikh Bin Khalifa Al Khalifa

TITLE
Vice Chairman
TENURE
2.2 yrs

Mustafa Kheriba

TITLE
Executive Director
AGE
45
TENURE
2.1 yrs

Shaikh bin Sulaiman Al-Maine

TITLE
Chairman of Shariah Supervisory Board

Jassim Al Seddiqi

TITLE
Chairman of the Board
AGE
35
TENURE
2.2 yrs

Bashar Mohamed Al Mutawa

TITLE
Independent Director
TENURE
7 yrs

Mosabah Al Mutairy

TITLE
Independent Director
TENURE
11.2 yrs

Ghazi Faisal Al Nasser Al Hajeri

TITLE
Independent Director
TENURE
3.1 yrs

Rashid Nasser Al-Kaabi

TITLE
Non-Executive Director
TENURE
3.1 yrs

Mazen Bin Abdulrahman Al Saeed

TITLE
Independent Director
TENURE
3.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (KWD) Value (KWD)
X
Management checks
We assess GFH Financial Group BSC's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. GFH Financial Group BSC has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

GFH Financial Group BSC, an Islamic wholesale investment bank, provides investment advisory and transaction services. It operates through three segments: Real Estate Development, Investment Banking, and Commercial Banking. The Real Estate Development segment is involved in the origination and management of economic infrastructure projects. This segment also invests in real estate and related assets. The Investment Banking segment offers private equity and asset management services; and Islamic asset-backed and equity capital markets, Islamic financial advisory, and mid-sized mergers and acquisition transaction services. The Commercial Banking segment offers commercial and corporate banking, retail banking, and wealth management services, as well as structured investment products and project financing facilities. The company also provides hospitality management services, as well as educational services; and manufactures cement. It operates in GCC countries, MENA region, Asia, North America, and internationally. The company was formerly known as Gulf Finance House BSC and changed its name to GFH Financial Group BSC in July 2015. GFH Financial Group BSC was founded in 1999 and is based in Manama, the Kingdom of Bahrain.

Details
Name: GFH Financial Group BSC
GFH
Exchange: KWSE
Founded: 1999
KWD167,522,416
3,587,203,781
Website: http://gfh.com
Address: GFH Financial Group BSC
Bahrain Financial Harbour,
Building 1398, East Tower,
Manama,
Bahrain
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
KWSE GFH Ordinary Shares Kuwait Stock Exchange KW KWD 29. Jan 2004
BAX GFH Ordinary Shares Bahrain Stock Exchange BH USD 29. Jan 2004
DFM GFH Ordinary Shares Dubai Financial Market AE AED 29. Jan 2004
Number of employees
Current staff
Staff numbers
0
GFH Financial Group BSC employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 17:51
End of day share price update: 2020/04/02 00:00
Last estimates confirmation: 2020/02/13
Last earnings filing: 2020/02/13
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.