Bahrain GFH Financial Group to rethink delisting from Kuwaiti bourse

Next stockholder meet will reconsider move

  
Image used for illustrative purpose. Skyline of the diplomatic quarter of Manama at twilight.

Image used for illustrative purpose. Skyline of the diplomatic quarter of Manama at twilight.

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GFH Financial Group B.S.C said it would reconsider its long-planned decision to delist its shares from the Kuwaiti stock exchange.

The move to reconsider was based on a request from some investors and follows the board of directors’ review of the performance of GFH’s share price and trading volume on Boursa Kuwait, the Islamic investment bank on Sunday said in a statement to the Dubai Financial Market (DFM).

The board has now resolved to recommend shareholders reconsider the decision to delist in the next general assembly meeting, it added.

Apart from DFM, GFH’s shares are listed on Bahrain and Kuwait stock exchanges. 

GFH had cited both costs and market liquidity when it first decided to delist from Kuwait in 2015.

(Writing by Brinda Darasha; editing by Daniel Luiz)

brinda.darasha@refinitiv.com

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