Gulf Investment Fund plc (LSE:GIF) commences share repurchases on December 22, 2022, under the program mandated by the shareholders in the Annual General Meeting held on December 22, 2022. As per the mandate, the company is authorized to repurchase up to 38,000,000 shares, representing for up to 100% of each Shareholder's holding in the Company. Any Tendered Shares tendered will be cancelled. The record date is March 27, 2023.

On September 21, 2023, the company initiated a Tender Offer. Under the offer, the company will repurchase its own shares. The company has set September 26, 2023, as the the record date of the offer. The offer will close on October 5, 2023.

On October 5, 2023, the company concluded the Tender Offer. Under the offer, the company repurchased 1,397,276 shares.