Bahrain-based GFH Financial Group has added to its presence in the regional capital markets with a secondary listing on the Abu Dhabi Securities Exchange (ADX).
It is the firm’s fourth listing in the region, after Bahrain Bourse, Boursa Kuwait and the Dubai Financial Market.
It also comes as part of GFH’s international expansion plans. In recent months it has partnered with US-based SQ Asset Management, acquired more than US$2 billion worth of logistics assets, and spun out infrastructure and real estate assets.
“This is a strategic move supporting our expansion and enhancing our financial position and funding for the next phase of growth,” said Hisham Alrayes, GFH’s group CEO. “With our listing, we continue to broaden our shareholder base and increase our reach and visibility among key global and regional investors.
For ADX, GFH is the fourth dual listing on the exchange. “As part of our ‘ADX One‘ strategy to promote greater market liquidity, we have been actively encouraging listings on our dynamic capital market and forging deeper ties with regional markets, including the Bahrain Bourse,” said ADX chief executive Saeed Al Dhaheri.
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