UAE: ADX achieves fifth dual listing as Gulf Investment House makes market debut

UAE: ADX achieves fifth dual listing as Gulf Investment House makes market debut

It is the first Kuwaiti company since the inception of the Kuwait Boursa to be listed in the Abu Dhabi Securities Exchange

Published: Fri 30 Sep 2022, 4:00 PM

Abu Dhabi Securities Exchange (ADX) achieved its fifth dual listing with the market debut on Friday of Gulf Investment House (GIH), a Kuwait-based financial services company.

The dual listing on ADX allows GIH to expand its investor base and liquidity in its shares. The company, which invests in real-estate properties and direct investments, has been listed on the Kuwait Boursa since May 2002 and has a market capitalisation of Dh1.96 billion.

The Chairman of the Board of Directors of Gulf Investment House, Abdulaziz Asaad Alsanad said: "GIH inaugurates a new historical milestone in its journey represented in the inclusion of the company's shares on ADX, one of the most important and prominent regional markets, which has a market capitalisation of more than Dh2.2 trillion. It is the first Kuwaiti company since the inception of the Kuwait Boursa to be listed in Abu Dhabi."

Alsanad stressed that our aspirations in the Board of Directors of GIH are large and high, as Abu Dhabi represents an opportunity towards integration into a dynamic and diversified investment and economic environment