Bahrain-based GFH Financial is expected to finalize the requirements for listing its shares on the Saudi Stock Exchange (Tadawul) during the first half of 2019, CEO Hisham Al-Rayes told CNBC Arabia.
The offering is going as scheduled, and initial approvals have been obtained. The firm is currently working on obtaining the remaining approvals, he said, adding that further developments will be disclosed as they occur.
According to data compiled by Argaam, GFH in November 2017 revealed intentions to list its shares on Tadawul.
The financial firm had appointed Gulf International Bank as financial advisor on the offering.
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