Abu Dhabi Securities Exchange announces listing of Sawaeed Holding

Abu Dhabi Securities Exchange announces listing of Sawaeed Holding

Abu-Dhabi based investment group Sawaeed Holding has listed its shares on the Abu Dhabi Securities Exchange (ADX) second market and begins trading today, October 25, ADX has announced.

The company's nominal value of share capital is Dhs51.1m, with each share having a nominal value of Dhs1. This is the fourth listing on ADX in 2020.

Established in 2006, Sawaeed has grown to employ nearly 28,000 people. Since its incorporation, it has diversified into investments, a large-scale industrial training centre, manpower accommodation services, facilities management and catering. It became a private joint stock company in 2018.

"The listing is wholly in line with the exchange's strategy of offering investors a broader range of opportunities across different and sectors,“ noted Mohamed Ali Al Shorafa Al Hammadi, chairman of ADX.

"Sawaeed's listing on ADX's second market confirms the exchange's