Bahrain’s Gulf Finance House to delist from London bourse



Bahrain’s Gulf Finance House has announced plans to delist its global depository receipts on the London Stock Exchange (LSE), which have barely traded over the past year.

The group has yet to make a decision on whether to delist from the Kuwait Stock Exchange, where its shares are the highest traded by volume of any listed entity.

GFH, the shares of which are also listed in Bahrain and Dubai, last week said it was considering delisting in London and Kuwait.

“GFH would like to inform its shareholders and the markets, that it has decided to terminate its global depository receipt programme, and has initiated procedures to delist the GDR from the London Stock Exchange,” it said yesterday.

A Bahrain-based official with GFH, who did not wish to be named, said that the delisting process in London would likely be completed by the middle of May.

Although the statement said that the group’s listing in Kuwait would continue, the matter has yet to be conclusively decided, the Bahrain-based official said.

Just 48,445 GFH GDR shares have been traded on the LSE in the past year, 30,000 of those on Thursday.

“Given that there has been virtually no activity in the bank’s GDR on LSE, GFH’s board of directors has decided that terminating the programme is in the best interests of the bank,” the group said.

GFH’s shares are suspended across all four markets as it carries out a share capital reduction plan, with trading due to resume on Tuesday.

The group’s Dubai shares last traded at 23.3 fils, down 22 per cent since the start of the year.

jeverington@thenational.ae

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- infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes,

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● Started: 2024

● Founders: Akshay Dosaj and Asif Rashid

● Based: Dubai, UAE

● Industry: M&A

● Funding size: Bootstrapped

● No of employees: Nine

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Director: Raed Zeno

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Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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Engine: Long-range single or dual motor with 200kW or 400kW battery
Power: 268bhp / 536bhp
Torque: 343Nm / 686Nm
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
On sale: Later this year
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Engine: 1.5-litre 4-cylinder petrol

Power: 154bhp

Torque: 250Nm

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ADCC AFC Women’s Champions League Group A fixtures

October 3: v Wuhan Jiangda Women’s FC
October 6: v Hyundai Steel Red Angels Women’s FC
October 9: v Sabah FA

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Auron Mein Kahan Dum Tha

Starring: Ajay Devgn, Tabu, Shantanu Maheshwari, Jimmy Shergill, Saiee Manjrekar

Director: Neeraj Pandey

Rating: 2.5/5

Haircare resolutions 2021

From Beirut and Amman to London and now Dubai, hairstylist George Massoud has seen the same mistakes made by customers all over the world. In the chair or at-home hair care, here are the resolutions he wishes his customers would make for the year ahead.

1. 'I will seek consultation from professionals'

You may know what you want, but are you sure it’s going to suit you? Haircare professionals can tell you what will work best with your skin tone, hair texture and lifestyle.

2. 'I will tell my hairdresser when I’m not happy'

Massoud says it’s better to offer constructive criticism to work on in the future. Your hairdresser will learn, and you may discover how to communicate exactly what you want more effectively the next time.

3. ‘I will treat my hair better out of the chair’

Damage control is a big part of most hairstylists’ work right now, but it can be avoided. Steer clear of over-colouring at home, try and pursue one hair brand at a time and never, ever use a straightener on still drying hair, pleads Massoud.

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In 2018, the ICRC received 27,756 trace requests in the Middle East alone. The global total was 45,507.

 

There are 139,018 global trace requests that have not been resolved yet, 55,672 of these are in the Middle East region.

 

More than 540,000 individuals approached the ICRC in the Middle East asking to be reunited with missing loved ones in 2018.

 

The total figure for the entire world was 654,000 in 2018.

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Director: Todd Phillips 

Rating: 2/5

Call of Duty: Black Ops 6

Developer: Treyarch, Raven Software
Publisher:  Activision
Console: PlayStation 4 & 5, Windows, Xbox One & Series X/S
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Super Saturday race card

4pm: Mahab Al Shimaal Group 3 | US$350,000 | (Dirt) | 1,200m
4.35pm: Al Bastakiya Listed | $300,000 | (D) | 1,900m
5.10pm: Nad Al Sheba Turf Group 3 | $350,000 | (Turf) | 1,200m
5.45pm: Burj Nahaar Group 3 | $350,000 | (D) | 1,600m
6.20pm: Dubai City of Gold Group 2 | $300,000 | (T) | 2,410m
6.55pm: Al Maktoum Challenge Round 3 Group 1 | $600,000 | (D) | 2,000m
7.30pm: Jebel Hatta Group 1 | $400,000 | (T) | 1,800m

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