Ime Akpan
Skyway Aviation Handling Company PLC (Sahco) has been listed as the 163rd company on the Nigerian Stock Exchange (NSE) with 1,353,580,000 shares priced at N4.65 few months after going public.
The listing which took place on the trading floor of the NSE, was attended by Sahco’s board of directors, top management of NSE and Bureau of Public Enterprise (BPE),
The event started with a post listing compliance presentation by NSE’s executive director, regulations, Ms. Tinuade Awe, sensitising the Sahco board and top management about the expectations of the Exchange.
In his remarks, the managing director/chief executive officer of Sahco, Mr. Basil Agboarumi expressed appreciation to the NSE for the “historic event” and promises not to disappoint with the backing of Sahco’s management.
He pledged that the company will respect the Share Purchase Agreement that was signed between the federal government and SIFAX Group when the ground handling firm was bought by SIFAX Group during privatization.
Agboarumi stressed that the listing is an avenue for the Nigerian public to be part of Sahco’s success story.
“Apart from the monetary benefit to the public and the sustainability of the company, the listing will increase the visibility of the company to the world.
Also speaking, the chairman of Sahco, Mr. Taiwo Afolabi, who beat the gong to signify the listing of the company, described company as a “success story” and a “company that can compete favourably with any ground handling company in the world with its excellent service delivery which is according to global best practices.”
Also speaking, the director general of BPR, Dr. Alex Okoh, commended Sahco for its unblemished records.
“Sahco is a child in whom the Bureau is well pleased. BPE believes that state owned enterprises would be better managed when listed.
“The Share Purchase Agreement was adopted to avoid the accusation that government was selling State owned assets to government cronies,” he said.
*L-R: the director general, Bureau of Public Enterprises (BPE) Dr. Alex Okoh; vice chairman, Skyway Aviation Handling Company Plc (Sahco), Mr. Chike Ogeah; executive director of regulation, NSE, Ms. Tinuade Awe; chairman, Sahco, Mr. Taiwo Afolabi, the managing director/chief executive officer of Sahco, Mr. Basil Agboarumi and the executive director, compliance, SIFAX Group, Ms. Mariam Afolabi on the trading floor of the NSE.
