ADX lists Invictus Investment Company on growth market

ADX lists Invictus Investment Company on growth market

Abu Dhabi: Abu Dhabi Securities Exchange (ADX) announced that it has listed Invictus Investment Company, a trading firm specialising in agro-food commodities, raw materials for industries and finished goods, and a subsidiary of Invictus Holding Limited.

The company made its trading debut on Abu Dhabi Securities Exchange’s Growth Market as it takes steps to broaden the products it trades and expand its operations internationally.

Invictus Investment, which started trading today under the trading symbol INVICTUS, was established in Jebel Ali Free Zone in 2014 to manage raw material import requirements for large manufacturers in Sudan. It has since grown into a full-service trading company specializing in commodities, agri-food and finished goods across Africa, Middle East and Asia. The company also operates Invictus Trading FZE, a fully owned subsidiary whose activities include non-manufactured precious metals trading.

Invictus Investment’s net income more than doubled to AED 282 million in 2021 compared to AED 125 million in 2020. Meanwhile, the company generated AED 2.94 billion in revenues in 2021 compared to AED 1.97 billion in 2020. As at December 31, 2021, its assets stood at AED 1.07 billion. The company has 1.12 billion shares outstanding, with 66.96% owned by Invictus Holding Limited, 22.32% by IHC Food