UAE - Mubasher: FAM Holding, a real estate developer, is planning to list its shares on the Abu Dhabi Securities Exchange's (ADX) Second Market.
With a real estate development portfolio exceeding AED 2 billion, the company has been converted into a private joint-stock company following the approval of the ADX, according to a press release on Sunday.
The potential listing will enable the company to expand amid the growing demand from a large number of investors for freehold real estate.
The Chairman of FAM Holding, Faisal Ali Mousa, said: "Listing in the ADX Second Market is the beginning of a new period of growth and development for FAM Holding."
Mousa added: "FAM Holding’s primary goal is to maximise income and sales; and its plan to list its shares will create long-term value for shareholders."
