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).
A statement issued by Manager, Corporate Communications, SAHCO, Uansohia Vanessa Adetola explained that 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 share price, dividend payments, sustainability, brand value, market leadership and business strategy in 2021”.
The Managing Director of BusinessDay Media Limited, Ogho Okiti, in his opening speech explained 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.
Basil Agboarumi, the Managing Director/ CEO, SAHCO 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.
According to the MD, SAHCO will continue to deliver safe, speedy and efficient services thereby making Nigeria proud.
The statement added: “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 its Executive Chairman, Dr Taiwo Afolabi, 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 great 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.
“SAHCO is a Public Listed enterprise involved in the activities which includes Passenger Handling, Ramp Handling, Cargo Handling and Warehousing, Aviation security, Baggage Reconciliation, Crew bus and Executive Lounge services and other related Ground Handling services for World best Airlines, originating within Nigeria and from various parts of the Continent”.