Abu Dhabi - Mubasher: Emirates Stallions Group, owned by International Holdings Company (IHC), has listed on the Abu Dhabi Securities Exchange (ADX) Second Market and started trading on Monday under the symbol ESG.
Emirates Stallions is IHC's fourth company to list on the ADX Second Market, following the listings of Palm Sports, Easylease, and Zee Stores in late 2020, according to a press release on Monday.
Founded in 2006, Emirates Stallions Group focuses on engineering, construction, development, and management of real estate.
With assets of AED 537 million as of the end of the first quarter (Q1) of 2021, the company has a presence in 12 markets.
The CEO of ADX, Saeed Hamad Al Dhaheri, said: "The Second Market offers companies such as Emirates Stallions Group access to a significant pool of capital and opens the door to building brand equity in an influential arena."
Meanwhile, the Chairman of Emirates Stallions Group, Matar Suhail Al Yabhouni Al Dhaheri, commented: "Backed by the financial strength of IHC, the second-largest company by market capitalisation on the ADX, our portfolio companies have proven resilient over the last year and are well positioned to grasp new opportunities as the UAE and regional economies make a strong rebound from the global pandemic."
