Business
Sidama Bank Joins ESX Equity Market
BirrMetrics · 4 hours ago · Read the Full Story on BirrMetrics
AI SUMMARY
Sidama Bank has joined the Ethiopian Securities Exchange's Main Market under the ticker symbol SIDAX, becoming the latest financial institution to enter the country's emerging public equity market.
- Sidama Bank joined the Ethiopian Securities Exchange's Main Market.
- The bank trades under the ticker symbol SIDAX.
- Trading began following a listing ceremony held on September 28.
- Representatives from the Ethiopian Capital Market Authority, the National Bank of Ethiopia, and other stakeholders attended the listing ceremony.
- The listing gives shareholders access to a regulated market for trading securities and subjects the bank to corporate governance requirements.
- ESX Chief Executive Yodit Kassa Waka noted the bank's evolution from a microfinance institution to a commercial bank and listed company.
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