Aradel Holdings is set to officially list its shares on the Main Board of the Nigerian Exchange (NGX) at N702.69 per share on Monday, October 14, 2024.
Share Re-denomination and GrowthAradel Holdings began trading on the NASD OTC market in early 2024, initially priced at N1,089 per share.
The move to the NGX Main Board marks a crucial milestone for Aradel Holdings, providing broader market access and positioning the company for continued growth in the Nigerian energy landscape.
A long-term strategyAradel’s NGX listing is part of the company’s broader strategic plan outlined in its 2023 annual report, published in May 2024.
Strong financial performanceAradel’s impressive financial results have further bolstered its market positioning ahead of the NGX listing.
..
News articles remains the property of the source. Tellbrief is a news aggregator.
