Safeguarding investors’ capital remains biggest post-listing challenge- AVA Capital
By Peter Egwuatu
LAGOS — Kayode Fadahunsi, Managing Director and Chief Executive Officer of AVA Capital Plc, identified the preservation of investors’ capital as the primary challenge the company faces following its recent listing.
In a media roundtable held in Lagos, Fadahunsi emphasized that maintaining investor trust is the company’s top priority. He stated that AVA Capital aims to enhance governance, transparency, and accountability while focusing on long-term growth as a publicly traded entity.
AVA Capital was admitted to the Main Board of the Nigerian Exchange Group (NGX) after listing five billion ordinary shares at a price of N7.50 per share, resulting in a market capitalization of N37.5 billion.
“Our company is committed to transparency in its operations,” Fadahunsi said. “As an investment banking group, we are now accountable to a wider community of shareholders and various capital market stakeholders.”
Fadahunsi further noted that the Board of Directors will formulate a sustainable dividend policy as part of its corporate governance strategy, which aims to enhance stakeholder value.
“With our new responsibilities come an increased commitment to transparency and good governance,” he added. “Preserving investor trust remains our foremost priority. We believe that investor confidence is vital to our business model.”
Acknowledging ongoing economic challenges such as inflation and exchange rate volatility, Fadahunsi reiterated that safeguarding investors’ capital is AVA Capital’s most significant post-listing hurdle.
