Skyway Aviation Handling Company PLC (SAHCO) has won the award of ‘Best Performing Stock’ for the year 2021 at the Nigerian Investor Value Awards 2022 (NIVA) hosted by BusinessDay and the Nigerian Exchange (NGX) in Lagos Continental Hotel, Victoria Island.
SAHCO was picked from three nominees in the Transport Related category because of the recognition of SAHCO’s stellar performance in creating value on the Nigerian Stock Exchange on the basis of the following criteria which are share price, dividend payments, sustainability, brand value, market leadership and business strategy in 2021.
At the event, Ogho Okiti, the managing director of BusinessDay Media Limited said in his opening speech that the award ceremony which was formerly known as Top 25 Awards was created to recognize leaders of public and private companies who have created sustainable alpha-generating value for their shareholders through their strategic priorities, operating efficiencies, organizational values and market engagement activities.
Okiti went on to say that though there has been a backdrop of slow economy growth and a volatile national economy in the past 12 months, following the Covid-19 pandemic in 2020, the capital markets have maintained a positive growth trend showing a testament of the resilience and agility of businesses within the bourse.
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Basil Agboarumi, the managing director/ CEO, who received the award said that though SAHCO is fairly new to the Nigerian Stock Exchange market having joined on the 23rd of April, 2019, SAHCO has done very well as a Public Listed company by delivering Aviation Ground Handling Service in line with internationally accepted best practices. He also went on to say that SAHCO will continue to deliver safe, speedy and efficient service thereby making Nigeria proud.
The Skyway Aviation Handling Company PLC was prior to December 2009 a struggling establishment of the Federal Government of Nigeria, having been rescued from the ashes of the liquidated Nigerian Airways then the SIFAX Group led by Taiwo Afolabi, its executive chairman, bought over SAHCO as a preferred bidder from the Federal Government of Nigeria, in a keenly contested privatization exercise by the Nigerian Government Privatization Agency- Bureau of Public Enterprises (BPE) and then it was listed on the Nigerian Stock Exchange Market in 2019.
Today, SAHCO is a brand that has won its way to the heart of the Aviation Community, having undergone and received the highest available International and local certifications, providing equipment and facilities that matches with the very best anywhere in the world.
