Manama, Feb. 13 -- GFH Financial Group B.S.C (GFH) has reported a net profit of $102.86million for the year 2023, an increase of 13.97 per cent over the previous year.

The Group has yielded a double-digit growth in income that enhances profitability for 2023, thanks to the robust yield by the subsidiaries, associates, and investments.

The board proposed a total cash dividend of 6.2per cent on par value (US$0.0164 per share) for 2023, subject to the approval by the shareholders' general assembly.

"Having entered 2023 with strong momentum, we're delighted to announce another year of growth marked by enhanced profitability and a double-digit increase in income. Our results reflect the robust nature of our fundraising efforts and investmen...