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ADX reduces transaction fees on trading activities 06 Feb 2021 The photo has been used for illustrative purposes. The Abu Dhabi Securities Exchange (ADX) announced on Saturday that it is reducing overall trading activity fees on all exchange transactions starting from February 14 as part of its ‘ADX One’ strategy to double the market capitalisation of companies listed on the exchange in the next three years. The new pricing structure will be the second time the exchange has reduced its charges in the past two years to enhance market liquidity further. Trading commission on ADX was reduced in June 2019 as part of Abu Dhabi’s Ghadan 2021 plan of lowering the cost of doing business in the Emirate. ....
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 exchange to 89. The retail and wholesale portfolio of Foodco National Foodstuff Company encompasses a wide range of essential commodities and products, which are marketed through company’s brands. Basmati rice and Egyptian rice are sold under the Shahrazad, Mubarak and Al-Safwa brands, while a variety of pasta, oils and canned foods are produced under the Virginia and Al Saf ....
Abu Dhabi: Abu Dhabi Securities Exchange (ADX) announced that Foodco National Foodstuff P.J.S.C. (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 Dh1 per share, giving the company a share capital Dh280 million. The listing brings the total number of securities on the exchange to 89. The retail and wholesale portfolio of Foodco National Foodstuff Company encompasses a wide range of essential commodities and products, which are marketed through company’s brands. Basmati rice and Egyptian rice are sold under the Shahrazad, Mubarak and Al-Safwa brands, while a variety of pasta, oils and canned foods are produced under the Virginia and Al Safwa brands. Foodco also trades and distributes other products, such as meat, poultry, froze ....