Trader has assets of AED 189mn (US$ 51.46mn) as of the end of September 2020
Abu Dhabi Securities Exchange (ADX) recently announced that Zee Stores has listed its shares on ADX’s Second Market under the ticker symbol ZS, and trading begins on the shares today.
Zee Stores was founded in 2002 and currently operates as a retail subsidiary under the International Holding Company (IHC) Abu Dhabi. The company specializes in trading food and non-food products, including importing and distributing dry, canned, chilled, frozen, processed and fresh food products; other allied on- and off-shore oil and gas field services, revealed a corporate press communiqué.
Zee Stores has assets of AED 189mn (US$ 51.46mn) as of the end of September 2020 and its annual turnover is around AED 300mn (US$ 81.68mn).
“We offer investors more opportunities to diversify their investments, which will enhance stability on the market and attract more institutional investments,” observed Saeed Hamad Al Dhaheri, Chief Executive, Abu Dhabi Securities Exchange.
“We believe that this listing is a strong step forward for our company and stakeholders to experience further growth and success,” emphasized Fazal Ameen, CEO, Zee Stores.
ADX listing of Zee Stores on the Second Market brings the number of companies listed on the Exchange to 72 companies and the number of listed securities to 89.
