Mubasher: GFH Financial Group signed a financial advisory service agreement with SNB Capital, a subsidiary of the Saudi National Bank (SNB), to manage the GFH’s application for cross-listing on the Saudi Exchange (Tadawul).
The cross-listing will be pending approval from Tadawul and meeting a set of requirements, according to a bourse filing.
In April 2022, GFH’s shareholders approved cross-listing on Tadawul. The company is currently listed on the Bahrain Bourse, Boursa Kuwait, Dubai Financial Market (DFM), and Abu Dhabi Securities Exchange (ADX).
It is worth noting that GFH recorded a 7.69% increase in consolidated net profits to $105.23 million in 2023 from $97.71 million in 2022.
