Chapel Hill Denham is selected to act as the financial adviser to Aradel Holdings Plc on its listing by introduction on the Nigerian Exchange (NGX).

Aradel will list 4,344,844,360 ordinary shares of ₦0.50 each at N702.69 per share on the main board of the NGX tomorrow.

Upon being listed, Aradel will immediately qualify to enter the NGX 30 Index and NGX Oil and Gas Index.

Speaking on the listing, Managing Director/Chief Executive Officer, Aradel, Adegbite Falade, said: “Monday, October 14, will mark a historic milestone for Aradel as we list on the NGX, underscoring our commitment to creating long-term value for our shareholders and deepening our contributions to Nigeria’s economic landscape. This listing is a testament to our resilience, adaptability, and unwavering dedication to providing sustainable energy solutions that drive growth across our communities and industries.”

Chief Executive Officer, Chapel Hill Denham, Bolaji Balogun, said: “We are pleased to have advised Aradel Holdings on the largest ever listing by introduction on the NGX. This landmark listing reflects the strength of Aradel Holdings. It marks a significant milestone for Nigeria’s capital markets and we are grateful to Aradel for entrusting us with this important mandate.

“We thank the SEC, NASD, CSCS and the NGX and their leadership, for their collaborative partnership, which enabled us to deliver results.”