Shares of Multiplay Group, a subsidiary of the International Holding Company, began trading today, Sunday, on the main market platform of the Abu Dhabi Securities Exchange under the symbol MULTIPLY.
The group stated in a note, today, Sunday, that the listing of “Multiplay” offers investors the opportunity to participate in the growth of a diversified portfolio focused on technology.
The company, which had assets of AED 8.16 billion at the end of September 2021 and employs 3,240 employees, is pursuing a growth strategy that focuses on digital innovation. in a number of sectors, including the automotive and utilities sector, capital, health, media and communication.
Saeed Hamad Al Dhaheri, CEO of the Abu Dhabi Securities Exchange, said: “We welcome the Multipleplay Group to the Abu Dhabi Securities Exchange as a valuable contribution to the market’s diversified investment offerings.”
Al Dhaheri added: “The solid price we have seen questyear sustained an increase in market capitalization to over AED 1.5 trillion. The increase in capital markets activity, combined with the strong growth potential of companies in our region, has also attracted investment inflows to The Abu Dhabi Securities Exchange, making it one of the best performing markets in the world in 2021.
For her part, Samia Bouazza, CEO and member of the board of directors of Multiplay Group, said that the listing on the Abu Dhabi Securities Exchange is an opportunity to expand our shareholder base and provide investors with the Abu Dhabi Securities Exchange access to a separate investment portfolio.
Samia added: “This is the beginning of a new phase, as our first commitment is to achieve growth and maximize shareholder value.”
He stressed that digital transformation is needed to accelerate the growth of the business, targeting technology-driven acquisitions and enabling group subsidiaries to adopt innovative solutions to stand out and become market leaders in their respective fields.
Multipleplay has made a number of acquisitions in the UAE and overseas over the past year to build a diversified portfolio of high-yielding assets.
These strategic investments include equity investments in Emirates Driving Company, platform of media US-based digital companies Firefly, and the full acquisition of the integrated marketing communications company Viola.
The Multiplay Group is a technology-focused holding company based in Abu Dhabi with a global presence in multiple sectors, including automotive, energy services, capital, health and telecommunications.
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