The Abu Dhabi Securities Exchange yesterday announced the second tier list of GFH Finance Group. This list will expand GFH’s investor base and increase cash flow in its stock as regional and international participation in the market increases.
Saeed Al Taheri, Managing Director and CEO of Abu Dhabi Securities Exchange, and Hisham Al Rays, CEO of GFH Group, rang the opening bell for trading on the Abu Dhabi Securities Exchange; Shares of the group begin trading.
Regional fourth list for GFH stocks; Its shares are already listed and are actively traded on the Bahrain Stock Exchange, the Kuwait Stock Exchange and the Dubai Financial Stock Exchange.
The company said yesterday that the list came at a time when the group was seeing continued expansion and transformation after recently completing its acquisition of logistics warehouses in partnership with SQ Asset Management in the United States. Transfer of more than two billion dollars in assets and assets to infrastructure, infrastructure and real estate.
According to data released yesterday, the group currently has more than $ 15 billion in assets and managed funds, including global investments in logistics, health, education and technology in the Middle East and North Africa, Europe and North America. This includes more than $ 2 billion in new investments in the last 12 months alone.
With GFH’s listing, the number of companies double-listed on the Abu Dhabi Securities Exchange increases to four; Shares of Ooredoo, Sudan Telecom Group, Oman and Emirates Investment Holding Company are listed second on the market.
Al Dhaheri said in a statement yesterday: “As part of our strategy to achieve greater market cash flow, we are actively working to promote inventory in the financial markets, excluding deep ties with regional markets, including the Bahrain Stock Exchange. Still going on throughout the year, it is a testament to the confidence in the performance of investors and publishers.
Hisham Al Rays, CEO of GFH Finance Group, supports the expansion of this strategic move, further strengthening the financial position and financing the next phase of development: “
In the first quarter of 2022, the Abu Dhabi Securities Exchange accounted for 87 per cent year-on-year increase in total trade value in the first quarter of 2022. Market trade values ​​increased from 108 billion dirhams ($ 29.3 billion) in the first quarter of 2021 to 202 billion dirhams ($ 54.9 billion) in the first quarter of 2022. At the same time, the market value of the stock increased by 163 percent from 50 billion dirhams ($ 13.6 billion) to 131 billion dirhams ($ 35.6 billion) in the first quarter of 2021.