Haldane McCall Lists on NGX Main Board with N11.99bn Market Capitalisation

Kayode Tokede

Haldane McCall Plc, yesterday, officially listed on the Main Board of the Nigerian Exchange Limited (NGX), listing 3.12 billion ordinary shares of 50 kobo each at N3.84 per share with a market capitalization of over N11.99 billion.

The listing, conducted by way of introduction, highlights Haldane McCall’s commitment to transparency, corporate governance, and sustainable value creation. It also positions the company to leverage the opportunities provided by Nigeria’s capital market for expansion and long-term growth.

Speaking during the event, the Chairman, Haldane McCall, Chief George Oguntade stated that the company listing on NGX is a game changer in the Nigeria’s housing sector.

He added that the Haldane McCall is determined to bridge housing deficit in Nigeria aimed its historically listing on the bourse. 

Also, the Group Managing Director of Haldane McCall, Mr. Edward Akinlade further highlighted the opportunities the listing presents. “The listing of Haldane McCall Plc on the Main Board of NGX marks a significant milestone in our journey of growth and innovation.

“This step not only enhances our visibility in the capital market but also equips us with the resources to expand our operations and contribute meaningfully to addressing Nigeria’s housing deficit. We are committed to delivering value to our shareholders while driving sustainable development in the real estate and hospitality sectors.”

Speaking earlier, the Group Chairman, Nigerian Exchange Group Plc, Alhaji Dr. Umaru Kwairanga stated, “This listing is a testament to Haldane McCall’s commitment to transparency and innovation, as well as its pivotal role in addressing Nigeria’s housing deficit.

“At Nigerian Exchange Group, we remain dedicated to providing the right platform for companies like Haldane McCall to achieve their growth ambitions while driving sustainable economic development in Nigeria.”

CEO of NGX, Mr.  Jude Chiemeka  described the listing as a milestone for both Haldane McCall and Nigeria’s real estate sector. “Today’s listing represents a significant achievement, not just for Haldane McCall Plc but also for the Nigerian capital market. By embracing the NGX platform, Haldane McCall gains increased visibility, credibility, and access to capital, which will support its efforts in addressing Nigeria’s housing deficit while delivering value to shareholders,” Chiemeka said.

While the Nigerian Exchange continues to support businesses through its platform, fostering economic growth across various sectors, Haldane McCall’s listing is expected to contribute to job creation and help address Nigeria’s 20 million-unit housing deficit, positioning the company for long-term growth.