Awash Bank S.C. has officially listed on the Ethiopian Securities Exchange (ESX) under its main market segment.
The listing, which follows the registration of Awash Banks’s 54,066,089 shares with the Ethiopian Capital Market Authority (ECMA), with 37,896,928 shares listed for trading, marks a major milestone for the ESX.
Speaking during the bell-ringing ceremony at the exchange’s trading floor, ESX Chief Executive Officer Tilahun Kassahun said that the listing reflects growing confidence in Ethiopia’s developing exchange.
“This listing provides investors with an opportunity to participate in a regulated market and demonstrates our commitment to fostering a stable and diverse investment landscape,” he said.
On his part, Awash Bank CEO Tsehay Shiferaw noted that the bank’s listing marks a significant milestone not only for its more than 12,000 shareholders but also its employees.
Awash Bank Leads ESX Listings
Following the successful listing of Awash Bank S.C., five more banks are in the pipeline to join the market. Dashen Bank, Bank of Abyssinia, Abay Bank, Anbesa Bank, and Amhara Bank received approval in principle to list on the main market, with the next steps involving securities registration and publication of their prospectuses.
The pipeline highlights growing momentum in Ethiopia’s capital markets as more financial institutions prepare to go public.
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