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Abu Dhabi Securities Exchange (ADX) announced that Foodco National

ADX lists Foodco on the Second Market ABU DHABI, January 14, 2021 Abu Dhabi Securities Exchange (ADX) announced that Foodco National Foodstuff (Foodco) has listed its shares on the exchange’s Second Market under the trading symbol FNF. It is the first company to be listed on ADX this year. Foodco, which imports and distributes food and consumer staples and provides logistics services, listed 280 million shares with a nominal value of AED1 ($0.272) per share, giving the company a share capital of AED280 million ($76.2 million). The listing brings the total number of securities on the excha...

Abu Dhabi group IHC to list three key units on ADX Second Market ABU DHABI, December 17, 2020 International Holding Company (IHC), a leading Emirati group with interests in real estate, manufacturing and financial services, said it plans to list three subsidiaries - Palms Sport, Zee Stores and Easy Lease - on Abu Dhabi Securities Exchange (ADX) Second Market by the end of this month.   It will give current and new investors an opportunity to participate in the growth of the companies, as well as benefitting IHC as a result of increased profile raising and higher visibility from these comp...

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The three entities are: * Palms Sports will start trading on December 21, with each share having a nominal value of Dh1. The share capital will be Dh150 million. The company - which is into sports education programmes - had assets of Dh344.5 million as at the end of September . * Zee Stores will go live on debut on December 23. It is into trading and and importing fresh consumables as well as canned, preserved and frozen foods. The nominal capital base is Dh100 million. Founded in 2002, it had assets of Dh189 million by end September. * Easy Lease is a supplier of rental motorcycles for ...