MedView Airline Shares go Public on the NSE

By January 30, 2017 Investment News

Medview Airline, yesterday, said it will be “Listed by Introduction” on the Nigerian Stock Exchange, NSE, tomorrow. It will be the first airline to list its shares on the “local bourse” in the last decade.

This was revealed, yesterday, by Mr Isiaq Na-Allah, Executive Director, Business Development, Medview Airline.

He said: “The growth projection and market forecast informed Medview Airline decision to be listed on the NSE to give members of the public the opportunity to be part of the airline through share holding.”

According to Na-Allah, Kedari Capital Limited and Trustyields Securities Limited are the financial advisers/issuing house and stockbrokers to the airline in respect of the Listing exercise.

He added that Medview Airline started from a humble beginning 12 years ago as a cargo, tour and charter operator. Not contented with tickets and destination sales, the airline ventured into Hajj operations.

“The airline’s forays into pilgrims airlift have revolutionized pilgrims handling and airlift in Nigeria and the West African sub-region. Today, Medview is the benchmark and the airline of choice when it comes to Hajj operations in Nigeria. It is ranked number one by the National Hajj Commission of Nigeria, NAHCON, for hitch-free Hajj operations,” he added.

Source: Vanguard