According to the bank, the listing will come after approvals from regulatory authorities in Bahrain and the UAE, including the Central Bank of Bahrain, the DFM, and the Securities and Commodities Authority.
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“Listing the bank’s shares on the DFM is a qualitative shift in the bank’s operations and embodies the objectives of creating a favourable environment for shareholders to trade their shares, enhancing the bank’s market value,” said Dr Ahmed Khalil Al Mutawa, chairman of KHCB’s board of directors.
“This is built on the trust of investors that the Bank has earned, resulting from the successes and high returns we have achieved over the past few years.
“The economic development witnessed by the UAE has encouraged the bank’s management to choose the DFM as a starting point to trade shares outside the Kingdom of Bahrain, which represents another step towards linking the financial markets of Bahrain and the UAE,” he added.
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