INDUSTRY: FINANCIAL SERVICES INDUSTRY
DATE LISTED: 2008
IPO PRICE (TZS): 300
NICOL is a Public Company registered in the United Republic of Tanzania, and listed in Dar es salaam Stock Exchange Market under NICO name. The company listed on the Dar es Salaam Stock Exchange on 15 July 2008 at an IPO price of TZS 400 per share. In 2011 the Capital Markets & Securities Authority forced them to de-list as they had not provided financials for 2009, 2010 and engaged in a sale of assets that was not in accordance to the law. At the time of de-listing the company shares were trading for TZS 270/-. However, in 2017 the company re-surfaced and declared its first divided of 25/- per share after 10 years of operations. After the dividend declaration, the company announced its plan for re-listing on 6 June 2018 at 300/- per share.
The principal activity of the company is to acquire or establish and manage business enterprises in key sectors of the economy such as manufacturing, financial services, telecommunications, agriculture, mining and other sectors. The company currently has got two active subsidiaries: Tanzania Fisheries Development Company Limited (TFDC) and Tanzania Meat Company Limited (TMCL).