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Business, Economy, Markets

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

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ADNOC Drilling secures $1.15bn contract

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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.

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