Abu Dhabi - Mubasher: The Abu Dhabi Securities Exchange (ADX) has listed Zee Stores, a retail subsidiary of International Holdings Company (IHC), on its Second Market under the ticker symbol ZS.

The trading on the shares of Zee Stores, specialised in trading food and non-food products, chemicals, and other allied on- and off-shore oil and gas field services, begins on Wednesday, according to a press release on Wednesday.

The company has an AED 100 million nominal value of share capital, with AED 1 nominal value per each share and has assets of AED 189 million as at the end of September 2020.

This is the third listing to take place on ADX’s Second Market this year.

The listing of Zee Stores raises the number of companies listed on the ADX to 72 companies and the number of listed securities to 89.

The Chief Executive of ADX, Saeed Hamad Al Dhaheri, said: "Listing on the exchange provides the opportunity for companies to further expand their business. It also offers investors more opportunities to diversify their investments, which will enhance stability on the market and attract more institutional investments."

Meanwhile, the CEO of Zee Stores, Falal Ameen, remarked: "Zee Stores has assembled a strong portfolio of over 10,000 quality goods, which has helped us become one of the top traders in the market with consistent growth."

It is noteworthy to mention that on 21 December, ADX announced the listing of Palms Sports on its Second Market under the trading symbol PALMS.