GFH Financial Group expects the mutual listing of its shares on the Abu Dhabi Securities Exchange in May 2022.
According to Arabiya Net, this is the group's fourth listing in the region, as GFH Group shares are already traded on Bahrain Bourse, Dubai Financial Market and Boursa Kuwait .
This move is expected to further enhance liquidity in GFH shares, which will benefit shareholders and enable the Group to access a broader base of individual and institutional shareholders. who trade on the stock exchange.
The Abu Dhabi Securities Exchange is one of the largest and most attractive Gulf exchanges in terms of liquidity, trading volume and shareholder return, and it ranked first among the GCC stock exchanges in 2021. The highest annual increase in trading volume.
We are ready to become the first issuer to be listed on the four major stock exchanges in the GCC, and our goal is to continue to be the first issuer to be listed on four major GCC stock exchanges, said Hisham Al Rayes, CEO of GFH Financial Group. In enhancing the liquidity of our shares, diversifying our investor base, and ensuring the highest levels of disclosure and transparency for the benefit of shareholders.
He added that this is in line with the company's strategy, and we are also looking forward to achieving a more established presence in Abu Dhabi, taking advantage of growth opportunities in both the Abu Dhabi Stock Exchange and the economy. the local. Through this listing, we will be in a better position to serve our existing shareholders in the UAE and Abu Dhabi and attract new shareholders from among the broad retail investor base and large institutions in the Abu Dhabi Securities Exchange.
Existing shareholders in the group will also be able to transfer their shares from the existing markets to the Abu Dhabi Securities Exchange.
