Hisham Alrayes, CEO of Bahrain GFH Financial Group
Hisham Alrayes, CEO of Bahrain’s GFH Financial Group said that the group’s listing on the Saudi Exchange (Tadawul) is among its priorities. 
He told Al-Arabiya TV that the group is aspiring to finalize the move during 2024, saying that it completed required procedures and submitted all documentation to the Saudi competent bodies, but the timing is pending response from them.
Given that the group is listed in the region’s markets, it fulfills necessary requirements, said Alrayes, noting that the stock’s trading volume realizes the importance cross-listing on Tadawul.
Disclosures in Bahrain are different from those in Saudi Arabia, said the CEO, adding that an agreement is underway on the method of disclosure about differences, after which the road will be open for finalizing the listing.
In February, GFH Financial Group signed a financial advisory service agreement with SNB Capital for its cross listing on the Saudi market, according to data available to Argaam.
In April 2022, GFH shareholders approved the company’s cross listing on the Saudi stock market and Abu Dhabi Securities Exchange (ADX), pending the issuance of required approvals.
GFH is listed in Bahrain, Dubai, Abu Dhabi, and Kuwait.
Hisham Alrayes, CEO of Bahrain GFH Financial Group
Hisham Alrayes, CEO of Bahrain’s GFH Financial Group said that the group’s listing on the Saudi Exchange (Tadawul) is among its priorities.
He told Al-Arabiya TV that the group is aspiring to finalize the move during 2024, saying that it completed required procedures and submitted all documentation to the Saudi competent bodies, but the timing is pending response from them.
Given that the group is listed in the region’s markets, it fulfills necessary requirements, said Alrayes, noting that the stock’s trading volume realizes the importance cross-listing on Tadawul.
Disclosures in Bahrain are different from those in Saudi Arabia, said the CEO, adding that an agreement is underway on the method of disclosure about differences, after which the road will be open for finalizing the listing.
In February, GFH Financial Group signed a financial advisory service agreement with SNB Capital for its cross listing on the Saudi market, according to data available to Argaam.
In April 2022, GFH shareholders approved the company’s cross listing on the Saudi stock market and Abu Dhabi Securities Exchange (ADX), pending the issuance of required approvals.
GFH is listed in Bahrain, Dubai, Abu Dhabi, and Kuwait.
