Abu Dhabi Securities Exchange (ADX) has announced that EasyLease, a subsidiary of International Holding Company (IHC), has listed its shares on ADX Second Market, under the ticker symbol EASYLEASE, and trading begins today (December 27).

The company’s nominal value of share capital is AED30 million ($8.16 million), with 30 million shares and each share having a nominal value of AED1.This listing brings the number of securities listed on ADX to 90.

EasyLease provides turnkey, ready to go leasing solutions for customers’ motorcycle fleet needs. The company was established in 2011 and had assets of AED 74.1 million as at the end of September 2020.

Saeed Hamad Al Dhaheri, Chief Executive of ADX, said: “We welcome EasyLease on the Second Market. It is the fourth company to be listed on the exchange during the current year. Listing provides private companies with efficient access to capital markets to raise money through equity and bond offering, thus contributing to the enrichment of the financial sector in the country. Private companies also provide more options for investors, which will contribute to bringing more depth into the markets and providing more investment alternatives for shareholders.”

Ahmad Mohammad Al Sadah, CEO of EasyLease, added: “We have built a leading motorcycle business in Abu Dhabi, providing individuals and businesses from the capital and around the UAE with the right platform, solutions and customer support to meet their growing fleet needs. We are pleased to have listed our shares on the ADX Second Market. This step will support the strong growth of EasyLease in the long-term.” – TradeArabia News Service

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