Mubasher: The Central Bank of Bahrain (CBB) has approved for GFH to re-appoint SICO as liquidity provider (market maker) for the entity’s shares that are listed on both the Dubai Financial Market (DFM) and Bahrain Bourse (BHB).
Bahrain’s central bank approval is valid until 29 November 2019, GFH disclosed on Thursday, adding that any further extension will be subject to the central bank’s prior approval.
Based on the CBB’s recent regulations, SICO can collectively hold no more than 3% treasury shares under this arrangement in both BHB and the DFM from GFH’s total issued shares.
It is noteworthy that GFH is listed on three GCC stock markets; Bahrain Bourse (BHB), Boursa Kuwait, and the Dubai Financial Market (DFM).
