Gulf Financial Group’s (GFH) board of directors approved a voluntary withdrawal from the Kuwait Stock Exchange, upon a decision taken by the company’s extraordinary general meeting held on 12 April, the company said in a Dubai bourse statement.

The company, which is listed in Kuwait, Dubai and Bahrain, noted that it wanted to focus on its main secondary exchange Dubai Financial Market in which more than 85% of GFH’s shares are traded.

The bourse statement added that GFH wanted to eliminate the listing’s fees as well as avoid any regulatory conflict between the KSE and its home market Bahrain Bourse.