VBL Group, a company specialising in Valletta property, celebrated its debut on the Malta Stock Exchange (MSE) yesterday 13th October.
Founded in 2012, VBL Group prides itself in being a leading player in local property management and hospitality markets and is one of the largest private owners of real estate in Valletta.
“Since inception, we have set ourselves the goal of reaching this important milestone. VBL has played an important role in revitalising Valletta and attracting investment into the city,” Executive Chairman Andrei Imbroll said.
“Listing on the stock exchange has opened up this opportunity to a wider market” Dr Imbroll continued.
Together with the company’s Board of Directors, Dr Imbroll thanked all new investors, the advisory team, and the Malta Stock Exchange for hosting the event.
“This is a very exciting time for the VBL Group. Our top priority remains driving Valletta forward, closing the gap between the capital city of Malta and its Euro-Mediterranean peers, and delivering year-on-year growing dividends for our shareholders,” VBL Founder and CEO Géza Szpehalmi said.
“As a listed company, VBL intends to continue building on its leading market position in its core market, deliver value through significant investment in renovation, and upgrade its already existent historic property portfolio in Valletta,” Dr Szpehalmi concluded.
Family businesses account for more than 70% of Malta’s SMEs, and are hence vital components of the local economy.
Astrid and Juanito Camilleri said the strong reviews are resulting in steady export growth.
The bank also appointed a new Head of Internal Audit.
He has also been appointed Board Member at JA Europe.