Bahrain-based GFH Financial intends to cross-list its shares on the Saudi Stock Market (Tadawul), as it started discussing the required regulatory procedures and approvals of both Tadawul and the Capital Market Authority (CMA), the company said in a bourse statement.
For the time being, there are no non-Saudi companies listed on Tadawul as the framework for cross-listing ie being finalized by relevant authorities, the firm said.
Meanwhile, GFH is seeking the approval of the central bank of Bahrain (CBB) on the listing, to be the first foreign company listed in the Saudi stock market.
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