ABU DHABI: Emirates Stallions Group (ESG), the construction and real estate investor owned by International Holding Company (IHC), will start trading its shares on Abu Dhabi Securities Exchange’s second market on May 31, ADX said in a statement. IHC said on May 6 it planned to list three subsidiaries, including ESG and Al Seer Marine Supplies & Equipment Co. in the second
SHARE
Dubai-based investment bank Shuaa Capital returned to profit in the first quarter of 2021 on the back of substantially higher fee income.
The company recorded net profit of Dh25 million for the three months to March 31, compared to a Dh262m loss on the same period last year as net fee and commission income almost doubled to Dh96.9m, from Dh49.2m a year ago.
The company highlighted a strong start to the year, advising on deals such as Anghami s forthcoming listing on New York s Nasdaq market through a special purpose acquisition company, and Abu Dhabi-based Pure Harvest s $60m debt and equity fundraising.
IBI Premium Content, by Neil Eaves2021-05-10T10:31:00
Al Seer Marine is a leading marine organisation in the Arabian maritime region
The Abu Dhabi Securities Exchange (ADX)-listed International Holding Company (IHC) is to list Al Seer Marine on the ADX Second Market in Q2 2021.
To continue reading, please see the IBI Plus subscription options below for accessing our Premium Content.
This is premium content
signed-in to access this content.
Benefits include:
Unlimited access to all IBI Plus Premium content, including:
Industry statistics / Market reports / Company insights / In-depth segment reports
Our archive of more than 38,000 news items and features
Abu Dhabi’s International Holding Company to list three subsidiaries on ADX Second Market
0 Comments
Get daily business news from the region delivered straight to your inbox
I agree to the terms and conditions
SIGN UP
They will be listed on the exchange’s Second Market in Q2 2021
May 9, 2021
Three subsidiaries of Abu Dhabi Securities Exchange (ADX)-listed International Holding Company (IHC) will be listed on the exchange’s Second Market in Q2 2021.
The three subsidiaries are: real estate company Emirates Stallion Group, Al Seer Marine and a third yet unnamed company.
Emirates Stallion Group (ESG) is one of IHC’s subsidiaries and has a diversified portfolio of businesses across engineering and construction, development and management of real estate.