The Ethiopian Capital Market Authority (ECMA) has approved the registration of securities of Gadaa Bank S.C., comprising 230,713 existing shares already held by shareholders and one million new shares, marking continued progress in the bank’s participation in Ethiopia’s capital market.
In a public notice issued on July 06, 2026, ECMA announced that on June 29, 2026 it approved the Registration Statement of Gadaa Bank S.C. and registered:
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- Two Hundred Thirty Thousand Seven Hundred Thirteen (230,713) shares already held by shareholders; and
- One Million (1,000,000) new shares approved to be offered to existing and new shareholders.
The registration was conducted pursuant to Article 4 and 29 of the Public Offer and Trading of Securities Directive No. 1030/2024, which requires all securities, unless expressly exempted from registration, that are offered or sold to the public to be registered with the Authority. Issuers are also required to register securities held by their shareholders prior to the issuance of the Directive.
ECMA stressed that this notice is published solely to notify the public of the registration of securities by the Authority and shall not be construed as an endorsement of any offer, offer to sell, or a solicitation of an offer to buy any securities. The registration is a regulatory requirement and does not represent an endorsement of Gadaa Bank S.C. or its securities.
With the registration of its securities, Gadaa Bank S.C. joins the growing number of institutions preparing for participation in Ethiopia’s newly established capital market as the country continues implementing its public securities issuance and trading framework.
