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ADX lists first company of the year: FoodcoMENA

ADX lists first company of the year: Foodco

The Abu Dhabi Securities Exchange (ADX) announced that Foodco National Foodstuff P.J.S.C. listed its shares on the Second Market. You might know Foodco as the company that sells some of your kitchen staples such as Shahrazad and Mubarak rice and a variety of products under the Virginia and Al Safwa brands.

Foodco, which will trade under the symbol FNF, listed a total of 280 million shares with a nominal value of AED 1 each. This is ADX’s first listing of the year.

why it matters
While Foodco has a long history of partnering with businesses and governments in the region and providing products to many customers throughout the UAE and GCC, the listing will allow them to attract investors and further expand their business.