Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) on Wednesday announced listing Reem Investments' shares on the bourse's second market under the symbol "REEM".
Trading on Reem Investments' shares already commenced on 30 September, the ADX said.
Managing director Abdulhamid Mohammed Saeed described the listing as "a new chapter in the company's history" that would enable Reem Investments to "embark on the next leg of growth story with wider shareholder participation" while continuing its work in driving sustainable development in the region.
The ADX's second market is dedicated to trading private companies' shares. Among those listed on the ADX's second market is Manazel Real Estate.
Established in 2005 in Abu Dhabi, Reem Investments has since delivered projects in the real estate and investment sectors. It currently has net asset value (NAV) of AED 5.4 billion.
