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Asharq Al-Awsat

Business

Manama - Asharq Al-Awsat

GFH to Cross List Shares on ADX in May

ADX Bahrain Abu Dhabi GCC Dubai Kuwait

General view of Bahrain's financial district in Manama, Bahrain, June 20, 2019. Picture taken June 20, 2019. (Reuters)

Bahrain-based investment bank GFH Financial Group plans to cross list its shares on Abu Dhabi Securities Exchange (ADX) in May, making it the company's fourth regional listing after Bahrain, Dubai, and Kuwait bourses.

GFH expects the cross trading on ADX to boost liquidity in its shares, benefit the shareholders, and enable the entity to have a broader base of retail and institutional investors that are trading on ADX, which ranked first among GCC stock markets in 2021 for having the highest annual surge in trading volumetrics.

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