Mubasher: Khaleeji Commercial Bank announced that the Central Bank of Bahrain (CBB) approved the listing of the bank’s shares on the Dubai Financial Market (DFM), according to a bourse filing on Sunday.

On 14 March, the bank’s ordinary general meeting (OGM) has recommended the listing on the DFM.

The listing process is forecast to be completed by the end of 2017, and a special ceremony will be held at the DFM, in the presence of a number of board members, representatives of related authorities in the UAE and media personnel, the bourse filing added.

Khaleeji Commercial Bank is one of the leading Islamic financial institutions in the Bahrain.

"Listing the Bank's shares on the DFM is a qualitative shift in the Bank's operations and embodies the objectives of creating a favourable environment for shareholders to trade their shares, enhancing the Bank’s market value,” chairman of the bank, Ahmed Al Mutawa, said.

He added: “The economic development witnessed by the UAE has encouraged the Bank’s management to choose the DFM as a starting point to trade shares outside the Kingdom of Bahrain, which represents another step towards linking the financial markets of Bahrain and the UAE.”