GFH Financial Group BSC's board of directors named Jassim al-Seddiqi chairman of the Bahrain-based company and Shaikh Ahmed bin Khalifa al-Khalifa chairman of GFH Capital Ltd.

The board also accepted the resignation of Vice Chairman Ahmed al-Mutawa from the boards of GFH Financial Group, Khaleeji Commercial Bank BSC and GFH Capital.

Additionally, the board approved the firm's management restructuring plan and accepted the resignation of CFO Chandan Gupta and retirement of Chief Administrative Officer Mohammed Ameen.