Picture used for illustrative purpose.
Abu Dhabi Securities Exchange (ADX) and nine ADX-listed companies will meet major institutional investors in London on June 9-10, as part of a robust Abu Dhabi capital market representation aiming to further increase portfolio investment into the country’s capital markets.
ADX will showcase its robust progress in its strategy to significantly increase liquidity and market capitalisation. Achievements over the last year include launching a derivatives market and ETFs (exchange-traded funds) and introducing a regulatory framework for SPACs (special purpose acquisition companies). ADX has experienced a 25 per cent year-to-date increase in market capitalisation to close to Dhs2 trillion ($545 billion), bolstered by a series of IPOs and listings over the past year — which have totalled over $5 billion — including Abu Dhabi Ports, Fertiglobe, Adnoc Drilling, Alpha Dhabi and Multiply Group.
Last week, Borouge raised $2 billion in an IPO and successfully listed on ADX, marking one of the largest IPOs on ADX to date.
Saeed Hamad Al Dhaheri, Managing Director and Chief Executive Officer of ADX, said, “UAE capital markets are shining brightly on the screens of international institutional investors due to the country’s robust macroeconomic fundamentals, solid corporate performance and accelerated capital markets activity. ADX is a core component of the major transformation underway in the region, which is creating a vibrant, diversified and sustainable economy.
“Access to long-term global capital is central to this ambition, and it is therefore important that we continue to nurture relationships and informational flows with international investors.” The senior ADX delegation, led by Al Dhaheri, includes over 25 CEOs, CFOs and senior executives from the following listed companies: Adnoc Distribution, Adnoc Drilling, Abu Dhabi Islamic Bank, Agthia, Aldar Properties, Al Yah Satellite Communications Company (Yahsat), Emirates Telecommunication Group Company (Etisalat), First Abu Dhabi Bank and Fertiglobe.
The Abu Dhabi Securities Exchange (ADX) has broadened its offering of products and services further with the listing of Chimera S&P UAE UCITS ETF under the trading symbol (CHAEIN),
Stock markets diverged on Tuesday as investors fret over the possibility that the US Federal Reserve will move aggressively to combat inflation.
The Abu Dhabi Securities Exchange (ADX) has launched FADX 15 futures contracts trading on its derivatives platform. The futures, based on the FTSE ADX 15 (FADX 15) Index,
Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, on Tuesday
The Anwar Gargash Diplomatic Academy (AGDA), the region’s leading centre of excellence for the development and training of future diplomats
Binghatti Developers, a leading real estate developer in Dubai has announced the completion of Binghatti Creek, obtaining a completion certificate