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GFH hires SNB Capital to manage cross-listing on Tadawul

GFH hires SNB Capital to manage cross-listing on Tadawul
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Mubasher: GFH Financial Group signed a financial advisory service agreement with SNB Capital, a subsidiary of the Saudi National Bank (SNB), to manage the GFH’s application for cross-listing on the Saudi Exchange (Tadawul).

The cross-listing will be pending approval from Tadawul and meeting a set of requirements, according to a bourse filing.

In April 2022, GFH’s shareholders approved cross-listing on Tadawul. The company is currently listed on the Bahrain BourseBoursa KuwaitDubai Financial Market (DFM), and Abu Dhabi Securities Exchange (ADX).

It is worth noting that GFH recorded a 7.69% increase in consolidated net profits to $105.23 million in 2023 from $97.71 million in 2022.