GFH GA Oks listing in Saudi and Abu Dhabi markets

The General Assembly of Bahrain-based Islamic investment bank GFH Financial Group approved the listing of its shares on both the Saudi and Abu Dhabi Stock Exchange, after obtaining the necessary approvals.

GFH said in a statement that the necessary powers have been delegated to the Board of Directors to execute and complete the listing operations.

The shareholders’ meeting also approved the distribution of dividends in cash to shareholders of 4.57% of the capital for the year 2021, with a total value of 45 million dollars.

It should be noted that GFH recorded profits surge of 9% to $24 million in Q4 2021 due to supporting investment banking operations.