GFH confirms KSE-delisting, Tadawul listing plans

July 8, 2015 7:08 AM

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GFH confirms KSE-delisting, Tadawul listing plans

Bahrain – Mubasher: GFH Financial Group has confirmed news by its CEO Hisham Al Rais that it is still considering delisting from the Kuwait Stock Exchange (KSE) and listing on Saudi Arabia’s Tadawul, according to a bourse filing.

A UAE newspaper cited Al Rais as saying that the Bahrain-based financial group is considering exiting KSE and listing in Saudi Arabia.

GFH’s board is set to meet on 12 August to discuss and approve the company’s financials for the second quarter of 2014.

Listed in Bahrain, Kuwait and Dubai, the Islamic financial group previously posted a net profit of $6 million in the first quarter, compared to $2.5 million in the same period of 2014, recording a surge of 140%.

Source: english.mubasher.info

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