(MENAFN- Kuwait News Agency (KUNA)) KUWAIT, Nov 22 (KUNA) -- Financial Group of Bahrain (GFH) announced Wednesday it intends to enter Saudi Stock Exchange (Tadawul) and has already begun to discuss needed requirements with the Saudi Capital Markets Authority.
GFH group said in a press release published on Kuwait Stock Exchange website that there is no other non-Saudi company listed in (Tadawul) at this stage, relevant regulations are now being completed by the competent authorities.
It is seeking the approval of the Central Bank of Bahrain on this listing to be one of the first companies in Tadawul once the necessary procedures have been completed. GFH Financial Group was established in 1999 and was listed on the Kuwait Stock Exchange in 2004 with a capital of US USD 1.5 billion.
It is an Islamic investment bank in Bahrain and operates in four key investment areas, wealth management, commercial banking, asset management, private equity and real estate development. (end) mka.tb.nhq
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