Bahrain-based GFH Financial Group’s shares are now listed on the Abu Dhabi Securities Exchange (ADX). GFH shares are traded under the symbol “GFH.”
This marks the company’s fourth regional listing, with its shares already listed and actively traded on the Bahrain Bourse, Boursa Kuwait and the Dubai Financial Market exchanges. Current GFH Financial Group shareholders will be able to transfer shares from existing markets where they hold shares to ADX.
With three regional and global offices, over $15 billion of total assets and funds under management, increasingly diversified business lines and now becoming the first issuer to be listed across four GCC stock exchanges, the company is continuously pursuing new opportunities to maximize value generation for its investors and shareholders.
Saeed Al Dhaheri, Managing Director and Chief Executive Officer, ADX, said: “The pipeline for IPOs and listings on our Main market and growth market remains strong for the remainder of the year, a testament to our strength and resilience amid global market volatility.”
Hisham Alrayes, Chief Executive Officer, GFH Financial Group, said: “With our listing, we continue to broaden our shareholder base and increase our reach and visibility among key global and regional investors. Importantly, we also underscore the strong demand for GFH’s shares and the market and investor confidence that exists in the Group, our performance and prospects.”
Expanding Footprint, Broadening Horizons
GFH Financial Group said that the listing on ADX is set to further expand its investor base and enhance the liquidity of the company’s shares.
“It will enable us to gain access to a broader base of retail and institutional investors who are actively trading in ADX amid increased regional and international participation in the exchange. The listing is also a strategic move, supporting our continued expansion and enhancing our financial position and funding for the next phase of growth,” the company added.
ADX is one of the most attractive and largest GCC exchanges in terms of liquidity, trading volumes and shareholder return. It also ranked first among GCC exchanges in 2021 for the highest year-on-year increase in trading volumetrics.
With this listing, GFH Financial Group will be better positioned to serve its existing shareholders in the UAE and Abu Dhabi and to attract new ones from among ADX’s sizable retail and institutional investor base.