Bahrain-based Khaleeji Commercial Bank BSC will start listing its shares on the Dubai Financial Market on Dec. 19.
The lender said the number of shares to be cross-listed on the Dubai Financial Market will not exceed 10% of its share capital. Any shareholders who directly or indirectly own over 5% of the bank's share capital are prohibited from placing orders and executing trades on the Dubai exchange.
The cross-listing did not receive objections from the Central Bank of Bahrain or the Securities and Commodities Authority of the United Arab Emirates.
