SAHCOL goes public, listed On Nigerian Stock Exchange.

This event which took place at the Trading Floor of the NSE, was attended by SAHCOL’s Board of Directors, Top Management of SAHCOL, NSE, Bureau of Public Enterprise, Crème de la crème of the Stock Market, the press statement by the Manager, Public Affairs Department of the organisation, Vanessa Uansohia stated.

The event kicked off with a Post Listing Compliance Presentation by Ms. Tinuade Awe, Executive Director, Regulations to sensitise the SAHCOL Board of Directors and Top Management about the expectations of the NSE towards SAHCOL.

The Chairman of SAHCOL, Dr Taiwo Afolabi, beat the gong at the Trading Floor to signify the listing of SAHCOL in the NSE. He expressed his pride at how far the company has gone under his leadership making SAHCOL 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.

At the Facts Behind the Listing event, Ms. Tinuade Awe, who represented the Director General of the NSE welcomed SAHCOL to the NSE and 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/CEO, Basil Agboarumi during his presentation appreciated the NSE for the historical event and promises not to disappoint with the backing of SAHCOL’s management.

He emphasized that one of the reasons SAHCOL listed, is to respect the Share Purchase Agreement that was signed between the Federal Government and SIFAX Group when SAHCOL was bought by SIFAX Group during privatization.

Agboarumi stressed that the listing is an avenue for the Nigerian Public to be part of SAHCOL’s success story.

He buttressed that 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.

He also mentioned that SAHCOL is the only Ground Handling Company that has an Airline background since it was one of the subsidiaries of the defunct Nigerian Airways.

Speaking during the event, Alex Okoh, the Director General of BPE, commended SAHCOL for its unblemished records.

He stressed that ‘SAHCOL is a child in whom the Bureau is well pleased’. BPE believes that state owned enterprises would be better managed when listed. Okoh also said that the Share Purchase Agreement was adopted to avoid the accusation that government was selling State owned assets to government cronies.

SAHCOL which is the 163rd company to be listed in the NSE is an Aviation Ground Handling Company. The company whose core values include Reliability, Proactiveness, Mutual Respect, Responsiveness, Empathy is a brand in line with global standards.

SAHCOL is involved in Passenger Handling, Ramp Handling, Cargo and Warehousing, Baggage Handling and Reconciliation, Aviation Security, Premium Lounge and other aviation ground handling services