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Today, Skyway Aviation Handling Company (SAHCO) Plc (NGSE:SKYAVN) lists 1,353,580,000 ordinary shares on the main board of the Nigerian Stock Exchange. Priced at N4.65, the shares were listed by way of an Initial Public Offering (IPO).

 

SAHCOL Plc is the first company under the Bureau of Public Enterprises (BPE) privatization programme to successfully finalize an Initial Public Offering and list its shares on a securities exchange. The company is a full-scale aviation ground handling service provider with a focus on aircraft/ramp handling, cargo han​dling, passenger handling, premium lounge, aviation security and baggage reconciliation. The firm enjoys the patronage of a clientele that spans international and local commercial airlines, as well as other air cargo companies.

The listing of the company’s shares has added N6.29bn to the market capitalization of The Exchange, further deepening the Nigerian capital market. It has also increased the visibility of SAHCO Plc whilst solidifying its brand as a major player in the Aviation sector.

 

SAHCO was incorporated as a private limited liability company under the name Skyway Aviation Handling Company Limited on 22nd April 2009. The Company is a member of the Sifax Group. In 2009, the Sifax Group, through SAHCO, acquired the Federal Government’s 100% equity stake in Skypower, an aviation ground handling services entity, under the privatization programme of the Nigerian Government. Following the acquisition, Skypower became a wholly owned subsidiary of SAHCO, with its operations taken on by the Company.

 

  • Africa Investor Summit 2018
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