Abu Dhabi – Mubasher: GFH Financial Group (GFH), listed on Kuwait, Bahrain and Dubai's bourses, affirmed the chairman Jasim Al Seddiqi's statement that it will list a stake on the Saudi Stock Exchange (Tadawul) over the next period.
The Bahrain-based Islamic wholesale investment bank stated that it has received an offer to sell its whole portfolio, while the offer is still under consideration, according to CNBC Arabia.
The group aims to raise its portfolio to $30 billion by 2020.
In October, GFH’s CEO Hisham Al Rayes announced that his company was seeking to invest in assets in the US, while the firm’s investments in the North American country amount to $600 million.
In February, Alseddiqi noted that his company plans to expand footprint into Tadawul, as well as it is arranging for listing.
