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Abu Dhabi’s International Holding Company to list three subsidiaries on ADX Second Market 0 Comments Get daily business news from the region delivered straight to your inbox I agree to the terms and conditions SIGN UP They will be listed on the exchange’s Second Market in Q2 2021 May 9, 2021 Three subsidiaries of Abu Dhabi Securities Exchange (ADX)-listed International Holding Company (IHC) will be listed on the exchange’s Second Market in Q2 2021. The three subsidiaries are: real estate company Emirates Stallion Group, Al Seer Marine and a third yet unnamed company. Emirates Stallion Group (ESG) is one of IHC’s subsidiaries and has a diversified portfolio of businesses across engineering and construction, development and management of real estate. ....
IHC to list engineering, marine units on Abu Dhabi exchange ABU DHABI, 2 hours, 26 minutes ago UAE-based International Holding Company (IHC) is set to list its key subsidiaries - Emirates Stallion Group (a major engineering and construction group) and Al Seer Marine - on the Abu Dhabi Securities Exchange (ADX) in the second quarter. A third unit will be named in the coming weeks.
Emirates Stallion Group is one of IHC’s subsidiaries and has a diversified portfolio of businesses across engineering and construction, development and management of real estate and public realms and associated services.
Ever since its inception in 2006, ESG has grown rapidly becoming the region’s only all-encompassing real estate partner. It is home to five fully owned subsidiaries, 90+ operational sites, 12 marketplace presence and 4 associates and joint ventures. ....
Dubai: Abu Dhabi’s secondary market will remain busy, with International Holding Co. – the stock that’s still zooming on ADX charts – to list another two subsidiaries. “We believe in local product and many of our fastest growing companies are homegrown in the UAE,” said Syed Basar Shueb, CEO and Managing Director of IHC. “Emirates Stallion Group and Al Seer Marine are ambitious companies that have continued to expand in recent years. Listing on ADX’s Second Market, will offer investors an outstanding opportunity to participate in these well-established companies’ success journey.” The IHC stock on its own has put in triple-digit growth rates over the last year, and the streak continues to this day, with upbeat first quarter numbers. ....
ABU DHABI: Three subsidiaries of International Holding Company (IHC) will be listed on Abu Dhabi Securities Exchange’s (ADX) Second Market in the second quarter of 2021, the company said in a filing on Thursday. Real estate company Emirates Stallion Group (ESG), Al Seer Marine Supplies & Equipment Co. and an as yet unnamed third company will be listed, IHC said. IHC, one of Abu Dhabi’s largest conglomerates is chaired by HH Sheikh Tahnoon Bin Zayed Al Nahyan, national security adviser to the UAE. Last year it listed Palm Sports, Easylease and Zee Stores on ADX’s Second Market. ESG, founded in 2006, owns a diversified portfolio of businesses across engineering and construction, real estate investment, development and management. It had assets of 394 million dirhams ($107 million) as of the end of 2020 and over 1,000 employees, according to IHC. ....