Company’s nominal value of share capital is Dhs51.1m, with each share having a nominal value of Dhs1. Sawaeed has grown to employ nearly 28,000 people. Since its incorporation, it has diversified into investments, a large-scale industrial training center, manpower accommodation services, facilities management and catering. It became a private joint stock company in 2018. Listing is wholly in line with the exchange’s strategy of offering investors a broader range of opportunities across different and sectors. Sawaeed’s listing on ADX’s second market confirms the exchange’s position as a preferred listing destination, and is testament to the opportunities it offers to companies looking to raise capital and enable their shares to be traded more actively.
The listing of Sawaeed Holding on ADX is in line with its aspirations for sustainable growth, investments in diversified sectors, commitment to transparency and achieving long-term shareholder value. There are now six companies listed on the second market, and 83 securities listed on the Abu Dhabi Securities Exchange. ADX is also the first exchange in the region to have a dedicated platform for the trading of shares of private joint stock companies. Market capitalization of companies listed on the second market amounted to around Dhs10.2bn at the end of Q3 2020.