Kuwait-based GIH plans to list its affiliates in ADX & Tadawul

Kuwait-based GIH plans to list its affiliates in ADX & Tadawul

Kuwait-based Gulf Investment House’s (GIH) Chairman Mr. Abdulaziz Asaad Abdel Aziz Al Sanad has stated that the company is planning to list three affiliate firms on the Abu Dhabi Securities Exchange (ADX), as well as another company on the Saudi Stock Exchange (Tadawul).

Mr. Al Sanad said in a statement that the period for listing affiliate companies in ADX and Tadawul varies between one and two years from now, noting that the companies mentioned above operate in various sectors, including real estate, industry, retail, and investment.

GIH’s activities mainly focus on direct investments, and its investments are distributed in Kuwait, UAE, Saudi Arabia, Bahrain, Oman, Morocco, and India, as per the statement.

Abdulaziz Asaad Abdel Aziz Al Sanad

Chairman – GIH “GIH was listed in ADX last week. it has been listed on the Kuwaiti Stock Exchange (Boursa Kuwait) since 2002, and its market value is $533 million (AED1.96 billion). The company plans to be listed in another market by the end of 2023 or early 2024. It had reached a historic milestone following its listing in ADX, a key regional market and a major Arab market that attracts capital and foreign investment. GIH is the first Kuwaiti company to be listed in ADX