Awash Bank has officially listed its shares on the Ethiopian Securities Exchange main market, becoming the largest private bank and the second financial institution to join the country’s fledgling capital market.
The listing, commemorated with a bell-ringing ceremony at the ESX trading floor, follows the successful registration of 54,066,089 shares with the Ethiopian Capital Market Authority and their dematerialisation by the National Bank of Ethiopia’s Central Securities Depository. The bank has listed 37,896,928 shares under the ticker symbol AWAB.
ESX CEO Tilahun Esmael Kassahun (PhD) described the listing as a major milestone for the Exchange and for Ethiopia’s capital market ecosystem. “Welcoming Awash Bank to our main market underscores the growing confidence in our Exchange and its potential to drive economic growth. 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 for all Ethiopians,” he said.
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