KFH shares will be traded in the normal market under the trading symbol (KFH)
Bahrain Exchange, a self-regulated multi-asset marketplace, announced on October 6, 2022 the cross-listing and listing of Kuwait Finance House K. S. C. P. , founded in Kuwait, under the industry symbol “KFH”. To commemorate the start of trading KFH shares, a stamp rite held in the presence of the Minister of Industry and Trade and Minister of Fees of the Bahrain Stock Exchange, H. E. Mr. Zayed R. Alzayani, and the Chairman of Kuwait Finance House (KFH), Mr. Hamad Abdulmohsen Al Marzouq and the executive management of KFH, as well as CEOs of indexed companies, representatives of CBB, board members and executive management of Bahrain Bourse.
Shaikh Khalifa bin Ebrahim Al-Khalifa, CEO of Bahrain Bourse, said: “We are very pleased to have joined the cross-board of Kuwait Finance House K. S. C. P. The board is a vital step in achieving our strategic goals of attracting new corporations from leading monetary institutions, and is expected to further expand the investor base and market liquidity of the Bahrain Stock Exchange.
“The Bahrain Stock Exchange plays a vital role in the Kingdom’s economic diversification initiatives, as we look to the future to attract new leading corporations and enhance the capital market ecosystem,” added Sheikh Khalifa.
Mr. Hamad Abdulmohsen Al Marzouq, Chairman of Kuwait Finance House (KFH), said: “I am very pleased with the success of the cross-listing of KFH shares on the Bahrain Stock Exchange. Cross-listing will generate liquidity in the Marketplace and make a contribution to the positive activity of any of the Marketplaces, allowing access to more potential investors and more opportunities to raise capital, as KFH shares are traded on more than one Marketplace worldwide.
M. Al Marzouq expressed his sincere gratitude for accepting as true with shareholders and the investment community, thanking Bahrain Bourse, Kuwait Clearing Company (KCC), Bahrain Clear, Capital Markets Authority and all respective Kuwaiti regulatory governments and regulators. government of Bahrain, who gave their approval to complete the procurement process. M. Al Marzouq also praised the efforts of local and foreign experts and SICO, in addition to the acquisition team that spared no effort to complete this primary cross-border merger that brings KFH capital base to more than $10 billion and strengthens Kuwait and Bahrain’s position as prestigious monetary centers in the GCC region.
Najla Al Shirawi, Chief Executive Officer of SICO, congratulated KFH on the success of the acquisition and board of directors on the Bahrain Stock Exchange and commented that “SICO is proud to have been chosen through KFH as Bahrain’s host agent, Bahrain’s executive advisor and inter-board advisor. in this historic agreement. Our investment banking team used their regional knowledge and experience executing M&A transactions to complete this transaction. KFH industry shares on the Bahrain Stock Exchange through a local broker. And with access to either market, investors will take advantage of a more liquid trading environment.
“I would also like to thank the Central Bank of Bahrain and the Bahrain Stock Exchange for their timely assistance in this procedure and wish the KFH team the most productive of luck as we begin this new chapter,” he added.
KFH shares will be traded on the normal market. The trading symbol (KFH) will be traded in USD on the Bahrain Stock Exchange in accordance with market procedures and will be classified in the non-Bahraini corporate sector. Following this announcement, the total number of corporations indexed on the Bahrain Stock Exchange is now 43.
It is worth mentioning that Kuwait Finance House is legal through the Central Bank of Kuwait as a locally incorporated bank, consistent with an Islamic bank and providing a wide diversity of Shariah-compliant banking products and services. KFH established in 1977 and indexed on Kuwait Stock Exchange in 1984. The legal capital consistent with the percentage of KFH is KD 1,350 million divided into 13,309,448,363 with a nominal price of KD 0. 100 consistent with the percentage.
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About the Bahrain Stock Exchange
Bahrain Bourse is a self-regulated multi-asset market operator established since 1987. Bahrain Exchange aims to offer its investors, issuers and intermediaries a full suite of exchange-related services, adding quoting, trading, settlement and deposit facilities for money money. Instruments. Our purpose is to be offering our shareholders the most productive investment and trading solutions, and combining them with artistic concepts and problem-solving skills to provide our investors, issuers and intermediaries with valuable resources to meet all their expectations. Great pillars of expansion underpin the way we do business and the way we interact with our stakeholders: origin, innovation, collaboration and pioneering spirit, and all working together, this is what allows us to be offering you an “oasis of investment opportunities”.
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