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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...

Asset clout With a Dh1.75 billion market cap and $13.6 billion as assets under management, this is just a stroll in the investment park. It is divesting non-core activities and is now a lean fighting machine. As a part of its restructuring, it sold its securities and market-making businesses for Dh100 million last year. Shuaa, which identified Dh403 million worth of non-core assets in July 2019, has reduced it by 39% to Dh245 million. By the third quarter of 2021, it hopes to dispose all non-core assets. The core divisions are asset management and investment banking. Cost cutter Following it...

Dubai: Abu Dhabi Securities Exchange (ADX) announced that Zee Stores P.J.S.C, has listed its shares on ADX’s Second Market under the ticker symbol ZS, and trading begins on the shares today. The company’s nominal value of share capital is Dh100 million, with each share having a nominal value of Dh1. This is the third listing to take place on ADX’s Second Market in 2020. Zee Stores was founded in 2002 and currently operates as a retail subsidiary under the International Holding Company (IHC) Abu Dhabi. The company specialises in trading food and non-food products, including importing, re...

ADX lists Zee Stores on Second Market The trading values on ADX increased by around 45 per cent from Dh93 billion to Dh136 billion. — Wam ADX listing of Zee Stores brings the number of companies listed to 72 and the number of listed securities to 89. Abu Dhabi Securities Exchange (ADX) announced that Zee Stores, has listed its shares on ADX’s Second Market under the ticker symbol ZS, and trading begins on the shares today. The company’s nominal value of share capital is Dh100 million, with each share having a nominal value of Dh 1. This is the third listing to take place on ADX’s S...

Abu Dhabi Securities Exchange lists Zee Stores on its Second Market ABU DHABI, 23rd December, 2020 (WAM) -- Abu Dhabi Securities Exchange (ADX) announced that Zee Stores PJSC, has listed its shares on ADX’s Second Market under the ticker symbol ZS, and trading begins on the shares today. The company’s nominal value of share capital is AED 100 million, with each share having a nominal value of AED 1. This is the third listing to take place on ADX’s Second Market in 2020. Zee Stores was founded in 2002 and currently operates as a retail subsidiary under the International Holding Company (...