GFH to terminate Al Ramz’s liquidity provision agreement

Dubai: Gulf Finance House (GFH) said it has decided to terminate the liquidity provision or market making agreement with Al Ramz Capital.

GFH received all necessary approvals to terminate the said agreement, which was effective since April 26, 2018. 

Following an agreed notice period, the agreement will be terminated with effect from November 26. GFH shares closed 1.55 per cent lower at Dh1.27 in a subdued Dubai market. The Dubai Financial Market general index closed 0.55 per cent lower at 2,738.01.