Why we facilitated Aradel’s listing, by CardinalStone

CardinalStone Securities Limited said it served as the sponsoring stockbroker for Aradel Holdings’ successful listing by introduction on the Nigerian Exchange Limited (NGX) to deepen economic growth and wealth creation.

The landmark listing, which took place on Monday, saw Aradel Holdings listing 4,344,844,360 ordinary shares at an impressive N702.69 per share on the main board of the NGX.

The listing underscores Aradel Holdings’ commitment to expanding its market presence and marks a significant milestone in the Nigerian capital market.

CardinalStone Securities played a pivotal role in facilitating the process, reinforcing its reputation as a trusted partner in delivering strategic market opportunities for its clients, the company said in a statement.

“As part of its coverage, CardinalStone Securities also produced an in-depth report on Aradel Holdings, offering key insights into the company’s growth trajectory, business strategy, and industry potential. The report highlights Aradel’s leadership in its sector and its potential to drive long-term value for shareholders and investors alike.

“We are delighted to have played a significant role in Aradel Holdings’ successful listing on the NGX. This achievement not only reinforces Aradel’s market leadership but also showcases our firm’s expertise in delivering seamless capital market transactions. We congratulate Aradel Holdings on this milestone and look forward to supporting their continued growth,” Managing Director at CardinalStone Securities, Peter Omoregie, said.

Omoregie continued: “Aradel Holdings’ listing by introduction reflects the company’s robust market fundamentals and investor confidence in its future. As one of the leading full-service financial services firms in Nigeria, CardinalStone remains committed to providing innovative solutions to its clients and supporting their growth in the capital markets.”