Kuwait’s Gulf Investment House to register 4 companies on Ta...| MENAFN.COM

Thursday, 08 December 2022 10:37 GMT

Kuwait’s Gulf Investment House to register 4 companies on Tadawul, ADX by 2024


(MENAFN) Kuwait-listed Gulf Investment House, one of the top financers in real estate assets, aims the register of four companies on the Saudi Share Exchange as well as Abu Dhabi Securities Exchange by 2024, its chairman informed CNBC Arabia.

The register involves firms with a funds of nearly 15 million Kuwaiti dinars (USD48 million) and 50 million Kuwaiti dinars (nearly USD161 million).

Abdulaziz Alsanad stated that while worldwide markets are dealing with challenging circumstances, this is going to completely upset the region's markets, as it is going to be a target for foreign firms, not just regional firms.

The first and highest advantage that GIH is attempting to accomplish by expanding its listing in additional markets is that the firm is going to be capable of creating more prospects for investors in the firm, in addition to its subsidiaries and associates.

This is going to surge the stockholder share value along with the firm’s value as well, the chairman noted.

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