The International Holding Company announced the listing of three subsidiaries on the second market platform on the Abu Dhabi Stock Exchange in late December 2020.
According to Emirates News Agency, the shares of Palms Sports will be listed on December 21 under the symbol / PALMS /. The face value of each share is 1 dirham. Since its inception in 2010, this company has achieved a remarkable growth path and quickly became one of the most prominent providers of sports education programs in the UAE, in addition to its services in managing events, sports facilities and sports marketing. It has more than 700 employees.
The shares of Zay Stores will be listed on December 23, 2020 under the symbol / ZS /, a company specializing in the trade and import of fresh consumables, canned, preserved and frozen foods. The nominal value of its capital is 100 million dirhams, while the nominal value of each share is 1 dirham. The value of the company's assets portfolio, which was established in 2002, amounted to approximately 189 million dirhams at the end of September 2020.
The shares of EasyLace, which specializes in motorbike rental to serve the growing sector of order delivery and courier services, will be listed after the date of December 27, 2020 .. The value is The nominal share capital of the company is 30 million dirhams, while the nominal value of each share is 1 dirham. The value of the company's portfolio of assets, which was established in 2011, was approximately 74.1 million dirhams at the end of September 2020.
On this occasion, Sayed Basar Shuaib, CEO and Managing Director of the International Holding Company, said: The International Holding Company has made qualitative leaps in its growth march and turned into a holding company that owns an investment portfolio Diversified and attractive among international investors, many of its fastest growing companies are based in the UAE, taking advantage of the changing local trends in terms of consumers and investments.
Palms Sports and Zee and Easy are not leading companies in their fields and each has a proven track record of success and achievements in expansion and business growth in recent years, and it belongs to the small business sector And medium-sized businesses that benefit from strong financial support dedicated to the corporate sector and have exciting opportunities across vast regional business networks. There is no doubt that the move to include these ambitious companies on the second market platform on the Abu Dhabi Stock Exchange would provide investors with an exceptional opportunity to participate directly in supporting the early and middle stages of the growth of these companies.
It should be noted that the International Holding Company has been listed on the Abu Dhabi market ...
