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23.20000 EUR
0.8
3.33%
Last update Jun 12, 9:55 PM CEST
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Day range
23.20000
24.20000
Previous close
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Open
24.20000
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Saab AB Unsponsored ADR
23.20
0.80
3.33%

Overview

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Description

Saab AB Unsponsored ADR represents shares of Saab AB, a Swedish aerospace and defense company, traded in the U.S. as an American Depositary Receipt (ADR). The primary function of this ADR is to provide American investors access to Saab's shares without the complexities of cross-border transactions. Saab AB is renowned for its cutting-edge technology solutions in the defense and civil security sectors, including advanced military aircraft, missile systems, and electronic warfare technology. With a strong presence in various sectors such as aerospace, defense, and security, Saab AB is pivotal in enhancing global defense capabilities and security infrastructures. The unsponsored nature of this ADR means it is issued by a broker without a formal agreement with Saab AB, providing investors a cost-effective way to diversify their portfolios with international exposure. In the financial market, this ADR facilitates increased liquidity and market accessibility for American investors interested in Swedish innovative industry leaders.

About

CEO
Mr. Micael Johansson B.Sc.
Employees
27163
Address
Olof Palmes Gata 17
5th floor
Stockholm, 111 22
Phone
46 13 18 00 00
Website
Instrument type
American depositary receipt
Sector
Industrials
Industry
Aerospace & Defense
Country
Germany
MIC code
XSTU
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