Emirates Stallion Group, a diversified investment, engineering, and construction services business owned by International Holding Company (IHC), has listed on the Abu Dhabi Securities Exchange Second Market, making its trading debut today under the ticker ESG.
Established in 2006, Emirates Stallion Group has grown rapidly as a business dedicated to engineering, construction, development, and management of real estate, as well as a service provider. The company, which is present in 12 markets, had assets of AED 537 million as of the end of Q1 2021 and over 1000 employees.
Saeed Hamad Al Dhaheri, Chief Executive Officer of ADX said: “The ADX continues to make strong progress in deepening the marketplace through new listings and a wider range of products and services. The market has also seen a significant increase in liquidity, make it even more attractive for investors and issuers. The Second Market offers companies such as Emirates Stallion Group access to a significant pool of capital and opens the door to building brand equity in an influential arena. For investors, the platform provides a unique opportunity to take liquid positions in early- and mid-stage growth companies operating across an increasingly vibrant regional economic landscape.”
Matar Suhail Al Yabhouni Al Dhaheri, Chairman of Emirates Stallion Group said: “Listing Emirates Stallion Group on the ADX Second Market allows wider investor participation in an important business within the IHC Group. Backed…