Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Business, Economy, Markets

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Alphabet posts first $100 bn quarter

The growth was powered by cloud division buoyed by AI

Nvidia to take stake in Nokia

Nvidia share price soars 20%.

Nestle to cut 16,000 jobs

The company's shares shoot up 8%.

GFH Capital mulls listing on Saudi market, says CEO

GFH Capital has $5 billion worth of assets and assets under management in Saudi Arabia.
By TRENDS Desk
October 28, 2023 1:03 am
  • The group is listed on the stock exchanges of Bahrain, Dubai, Abu Dhabi and Kuwait.
  • The group is continuing with fulfilling the regulatory requirements prior to listing.

RIYADH, SAUDI ARABIA – GFH Capital is considering the offering of its unit in Saudi Arabia on the Tadawul.

GFH Group’s plans are unchanged with regard to listing in other markets, CEO Razi Al Murbati said.

The group is listed on the stock exchanges of Bahrain, Dubai, Abu Dhabi and Kuwait, indicating that it has $5 billion worth of assets and assets under management in the Kingdom.

GFH Financial Group announced on Wednesday that the listing plans in the Saudi market are not new and were previously announced and submitted to shareholders at their general assembly meeting in 2021 and were approved by them in April 2022.

It also indicated that it is continuing with finding solutions and fulfilling the regulatory requirements prior to listing in order to achieve the vision of its shareholders in this regard.

[adinserter block="5"]

Most Read

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

[adinserter block="4"]