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SHARJAH / WAM
Abu Dhabi Securities Exchange (ADX) announced that Zee Stores PJSC, has listed its shares on ADX’s Second Market under the ticker symbol ZS, and trading began on the shares on Wednesday.
The company’s nominal value of share capital is AED 100 million, with each share having a nominal value of AED 1. This is the third listing to take place on ADX’s Second Market in 2020.
Zee Stores was founded in 2002 and currently operates as a retail subsidiary under the International Holding Company (IHC) Abu Dhabi. The company specialises in trading food and non-food products. Zee Stores has assets of AED 189 million at the end of September 2020 and its annual turnover is around AED 300 million.