Mbabane- AGSPAC Limited has been officially listed on the Eswatini Stock Exchange, with trading commencing on January 16, 2026.
The company listed by way of introduction and not through a traditional initial public offering. A listing by introduction applies to securities already in issue where no marketing arrangements are required, as the shares are considered sufficiently held to allow for adequate marketability once listed.
AGSPAC Limited is a holding company focused on acquiring controlling and non controlling shareholdings in private and listed enterprises operating in the manufacturing, supply and distribution of agricultural products and inputs. These include crop protection chemicals, crop growth stimulants, fertilizers, animal feeds and associated products in Eswatini and other territories.
The company trades under the ticker symbol AGS and was issued with the ISIN code SZE000331072. On its first day of trading, AGSPAC shares opened at E1.00. With an issued share capital of 11 million shares, the company has a market capitalisation of E11 million.
Following the listing, the Eswatini Stock Exchange’s total market capitalisation increased by 0.16 percent to E6.9 billion, while the All Share Index remained unchanged at 491.45 points, as the issuance of new securities is treated as a corporate action.
AGSPAC currently accounts for 0.16 percent of the Exchange’s total market capitalisation, making it the smallest company listed on the bourse by market value.
The commencement of trading was marked by a bell ringing ceremony, a globally recognised capital markets tradition signifying the achievement of a major corporate milestone.
Speaking at the ceremony, Eswatini Stock Exchange Chairperson Dr Melvin Khomo said the listing represented a strong signal of growth, innovation and confidence in both the capital market and the country’s economy.
Dr Khomo said the listing of AGSPAC would help attract new investors and broaden investment opportunities on the Exchange, while channelling capital into agriculture, a sector he described as the backbone of Eswatini’s economy.
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