Former President Jakaya Kikwete has officially flagged off the relisting of National Investment Company (NICOL) share at Dar Es Salaam Stock Exchange (DSE).
The NICOL investment has met all relisting requirements in accordance to DSE regulations.
NICOL is relisting its shares after almost an absence of eight years. The relisting share price is 300/-, though low compared to it's IPO price of 400/-.
By the time the firm was delisted it's share was trading at 270/-.
NICOL which has almost 30,000 shareholders submitted a re-listing application to Dar es Salaam Stock Exchange (DSE) early this year.
Daily News
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