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Promotion and Development (PaD) was incorporated in Mauritius on 23rd August 1984; trading of PaD’s shares on the official list of the Stock Exchange commenced on 17th January 1996. The main activity of PaD consists of investment in shares, property development and the supply and provision of services associated with such activities.PAD is an associated company of Fincorp Investment,a subsidiary of MCB Group.
PAD represents an investment with good potential for long-term capital growth. The investment portfolio has a deliberately heavy property bias, which is renowned for its long-term capital nature. Four core investments of the Company are Caudan, Medine, MFDG and EUDCOS.
In February 2025, PaD shares were subdivided in the ratio of 1:4 and were converted to no par value Shares. For a more meaningful comparison, the historical share price shown above should be adjusted to reflect the share split.