Abu Dhabi Securities Exchange today listed and commenced trading the shares of Sawaeed Holding Company on the second market platform under the symbol SAWAEED.
According to the Emirates News Agency, the nominal capital of the company is 51,100,000 dirhams, and the number of shares is 51,100,000 shares, each with a par value of 1 dirham. This represents the fourth listing on the Abu Dhabi Stock Exchange in 2020.
was established in 2006 in the Emirate of Abu Dhabi, Sawaed Company, and it has grown into a multi-activity organization employing more than 28,000 people. The company initially specialized in providing employment services, and then its activities grew towards investments and professional training in addition to manpower housing services, facilities management and catering, and in 2018 it became a private joint stock company.
His Excellency Muhammad Ali Al-Shurafa Al Hammadi, Chairman of the Board of Directors of Abu Dhabi Securities Exchange, said: The Abu Dhabi Securities Exchange is pleased to add a company with the status of Sawaed Holding to the second market. . The market is keen to attract more companies to be listed on the main and second market platforms to support the development process in the emirate, which comes within the framework of the market’s commitment to developing the investment climate for the emirate and promoting sustainable economic growth.
His Excellency added that the listing of Sawaeed Holding in the second market confirms the position of the Abu Dhabi Securities Exchange as a preferred listing destination and bears witness to the opportunities provided by the market for companies looking to increase capital and enable trading Sharing its shares more actively and thanks to the entrepreneurial expertise and commercial intelligence of its founders and directors, Sawaeed Holding is without a doubt a great success story for Abu Dhabi. Where this listing comes as a milestone in the journey of Sawaeed Holding as it constitutes an incentive for other companies to follow in their footsteps.
The Abu Dhabi Securities Exchange has an infrastructure with international standards for listing and trading in various securities and gives investors an opportunity to invest their savings within a legal environment that adopts international best practices in the field of disclosure and transparency within Stable economic and legislative environment.
For his part, His Excellency Mubarak Matar Al-Hamiri, Chairman of the Board of Directors of Sawaeed Holding Company, said that the listing of Sawaeed Holding Company on the Abu Dhabi Stock Exchange is in line with its aspirations for sustainable growth and investment in sectors. Diversified commitment to transparency and long-term shareholder value creation. Sawaeed aspires to contribute to the progress and development of the Emirate of Abu Dhabi and serve the communities in which it operates through spreading creative methods and innovative solutions.
The second market is an essential part of the existing infrastructure in the Abu Dhabi Securities Exchange to list the shares of private companies. Where he can ...
