A joint stock from two Emirati investment firms began trading on the Abu Dhabi stock exchange today.
ADC Acquisition Corporation is a Special Purpose Acquisition Company founded by the Abu Dhabi Developmental Holding Company (ADQ) and the Abu Dhabi-based Chimera Investment. It began trading today on the Abu Dhabi Securities Exchange under the ticker “ADC.” The listing followed ADC selling around $100 million in shares at a price of $2.72 per share to private investors beginning May 12, the official Emirates News Agency reported today.
