Bahrain-based investment firm GFH Financial Group has announced plans to cross-list its shares on the Abu Dhabi Securities Exchange (ADX) in May, subject to regulatory approvals.
It would be GFH’s fourth listing in the region. Its shares are actively traded on the Bahrain Bourse (BHB), Dubai Financial Market (DFM) and Boursa Kuwait (BK).
According to GFH, the ADX listing is expected to enhance liquidity in its shares and also attract a broader base of retail and institutional investors that trade on the exchange.
Existing shareholders will also be able to transfer their holdings from the three aforementioned exchanges to the ADX.
“We are set to become the first issuer to be listed on four main GCC stock exchanges and our aim is to continue to enhance the liquidity of our shares, our investor mix and to ensure the highest levels of disclosure and transparency for the benefit of shareholders,” said Hisham Alrayes, chief executive of GFH.
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