Companies news

GFH lists on ADX

Abu Dhabi Securities Exchange (ADX) yesteday announced the listing of GFH Financial Group (GFH or the Group).

The listing is set to further expand the Bahrain-based Sharia-compliant investment firm’s investor base and enhance liquidity in its shares amid increased regional and international participation on the exchange.

To mark the occasion, ADX managing director and chief executive Saeed Al Dhaheri and GFH Group chief executive Hisham Alrayes, rang the market-opening bell at ADX, where the group’s shares began trading under the symbol GFH.

This is GFH’s fourth regional listing with its shares already listed and actively traded on Bahrain Bourse, Boursa Kuwait and the Dubai Financial Market.

The listing comes as GFH undergoes continued expansion and transformational growth having recently partnered with SQ Asset Management Company in the USA, completed the acquisition of logistics warehouses with assets of more than $2 billion and spun out infrastructure and real estate assets.

Currently, the group has more than $15bn of assets and funds under management including a global portfolio of investments in logistics, healthcare, education and technology in the Mena region, Europe and North America.

This includes new investments of more than $2bn over the past 12 months alone.

GFH Group chief executive Hisham Alrayes said: “GFH is delighted to celebrate another landmark achievement for the group with our listing on ADX. This is a strategic move supporting our expansion and enhancing our financial position and funding for the next phase of growth. 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.”

GFH was advised on the cross-listing by First Abu Dhabi Bank as its listing advisor and Al Tamimi & Company as its legal adviser.




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