Bahrain-based Gulf Finance House has announced that it has decided to terminate its Global Depository Receipt (GDR) programme and has initiated procedures to delist the GDR from the London Stock Exchange (LSE).

"After careful deliberations and 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," a statement said.

GFH will continue to remain listed on the Bahrain Bourse, Dubai Financial Market and Kuwait Stock Exchange, it said. - TradeArabia News Service