Skyway Aviation Handling Company (SAHCO) PLC, which listed 1,353,580,000 shares priced at 4.65 naira, announced that it has completed entry into the Nigerian Stock Exchange (NSE).
The Chairman of SAHCO, Dr. Taiwo Afolabi, recently beat the gong at the Trading Floor, to signify the listing of SAHCO on the NSE. He expressed delight at how far the company had gone under his leadership, making SAHCO a success story and a company that can compete favourably with any Ground Handling Company in the world.
Tinuade Awe, who represented the Director General of the NSE, encouraged the company to be transparent, while commending the efforts of the NSE and the Bureau of Public Enterprise (BPE) at making the listing a reality.
The Managing Director and Chief Executive Officer (CEO) of SAHCO, Basil Agboarumi, appreciated the NSE for the historical event, and promised not to disappoint with the backing of SAHCO’s management. He stressed that the listing was an avenue for the Nigerian public to be part of SAHCO’s success story.
Agboarumi noted that apart from the monetary benefit to the public and the sustainability of the company, the listing would increase the visibility of the company to the world.
Speaking on the new development, the Director General of BPE, Alex Okoh, commended SAHCO for its unblemished records. He said “SAHCO is a child in whom the Bureau is well pleased. BPE believes that state-owned enterprises would be better managed when listed”.
SAHCO, which is the 163rd company to be listed on the NSE, is involved in passenger handling, ramp handling, cargo and warehousing, baggage handling and reconciliation, aviation security, premium lounge and other aviation ground handling services.