RIYADH: Bahrain’s Islamic investment bank GFH Financial Group aims to push ahead with cross-listing on the Abu Dhabi Securities Exchange in May, it said in a statement.
With its shares already traded on bourses of Bahrain, Dubai, and Kuwait, the move will mark the group’s fourth regional listing.
GFH will become the first-ever issuer to be listed on four main GCC stock exchanges, according to the company’s CEO, Hisham Alrayes.
“Our aim is to continue to enhance the liquidity of our shares and our investor mix and to ensure the highest levels of disclosure and transparency for the benefit of shareholders,” the executive said in a statement.
“With this listing, we will be better positioned to serve our existing shareholders in the UAE and Abu Dhabi and to attract new ones from among ADX’s sizable retail and institutional investor base,” he added.
