STAFF WRITER
Namibians from all spheres will have an opportunity to buy shares and participate for better financial rewards in the oil and gas industry after Sintana Energy Incorporated on Monday announced plans to list on the Namibia Securities Exchange.
They have engaged IJG Securities (Pty) Ltd. as its sponsor and corporate advisor. This means IJG will be facilitating the plans by the company to list on the local stock marker- creating opportunities for both ordinary and institutional investors to buy shares in the company.
Sintana Energy Chief Executive Officer , Robert Bose said the company aims to become the first oil and gas company to provide Namibians the opportunity to invest directly in the offshore opportunity.
According to the statement released by Sintana Energy Inc IJG has initiated discussions with the Namibia Securities Exchange (NEX) formerly Namibia Stock Exchange (NSX) regarding admission for trading on the national exchange.
The company said it is keen to push ahead with the listing to create genuine opportunities for Namibians to fully take part and own a stake in the country’s oil and gas industry.
of Namibia Securities Exchange, Tiaan Bazuin, CEO was quoted by international media saying the NSX aims to enable Namibians to participate in shareholding of natural resources and encourages sectors to open their shareholding base to employees, the Namibian public, and institutions.
The company has been active in Namibia’s offshore sector since 2022.
Knowledge Katti, Director of Sintana and Chairman of Custos Energy told the media that the listing aligns with the government’s Sixth National Development Plan (NDP6), which focuses on youth empowerment and wealth creation.
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