Agro-food commodities trading firm Invictus Investment Company has listed on the parallel market of Abu Dhabi’s stock exchange.
The Abu Dhabi Securities Exchange (ADX) announced the listing on its Growth Market, “where private firms can begin their capital market journey and investors have unique access to emerging companies,” Saeed Hamad Al Dhaheri, the bourse’s managing director said.
Established in 2014, Invictus Investment initially manages raw material import requirements for large manufacturers in Sudan. It has since grown into a full-serve trading company specialising in commodities, agri-food, and finished goods across Africa, Middle East, and Asia.
“As part of its ‘ADX One’ strategy to enhance market liquidity, the exchange continues to encourage the listing pipeline to provide investors with attractive opportunities to participate in the robust growth of the Emirate of Abu Dhabi,” ADX’s Al Dhaheri said.
The listing is part of the company’s growth strategy, its chief executive officer Amir Abdellatif said, adding it aims to broaden the list of product it trades and to expands its operations internationally.
“Today, we are making investments in warehouses, silos and logistics that will aid our international expansion plans, allowing us to broaden our trading in a greater variety of products and commodities,” he said.
There have been 13 companies that listed on the ADX parallel market since inception.
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