The Kuwaiti “Gulf Investment House” announced plans to list three subsidiaries and associate companies on the Abu Dhabi Securities Exchange (ADX), as well as another company on the Saudi stock exchange (Tadawul).
The company revealed that listing subsidiaries and associates on the ADX and Saudi’s Tadawul will take between one and two years.
Companies aiming to list in Abu Dhabi and Saudi Arabia operate in a variety of sectors, including real estate and industry, as well as consumer and investment, according to the company.
Last week, the Gulf Investment House was listed on ADX, and it has also been listed on the Kuwait Stock Exchange since May 2002. The company’s market value is currently estimated to be around 1.96 billion dirhams.
The company intends to list in a third market, which has yet to be identified, by the end of 2023 or early 2024.