ADX executes deals worth Dhs15.6b - GulfToday

ADX executes deals worth Dhs15.6b


Investors monitor screens displaying stock information at the Abu Dhabi Securities Exchange. File/Reuters

The Abu Dhabi Securities Exchange (ADX) has reported the execution of 10 significant deals with a total value of over Dhs15.6 billion since the beginning of 2023. According to ADX data, these deals were carried out through 321.14 million shares of three listed companies, namely Al Alamiya Holding, the Multiply Group, and Ghada Holding.

Among the three companies, Al Alamiya Holding accounted for the largest share of the major deals with five. In mid-January, the first deal was executed, involving 8.3 million shares valued at Dhs3.37 billion. Another significant deal was executed in February, involving 2.7 million shares valued at Dhs1.04 billion. In March, three deals were executed, involving 23.7 million shares valued at Dhs9.5 billion.

The Multiply Group’s stock witnessed the execution of major deals in February, for 279.8 million shares valued at Dhs1.15 billion. The last significant deals were executed by Ghada Holding for 6.5 million shares worth Dhs533 million.

Last year, ADX reported the execution of 207 major deals, totalling Dhs68.15 billion for 16.1 billion shares.

 Abu Dhabi Securities Exchange (ADX) was established on November 15 of the year 2000 by Local Law No. (3) of 2000, the provisions of which vest the market with a legal entity of autonomous status, independent finance and management. The Law also provides ADX with the necessary supervisory and executive powers to exercise its functions. On 17th March 2020, ADX was converted from a “Public Entity” to a “Public Joint Stock Company PJSC” pursuant to law No. (8) of 2020. ADX is part of ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy.

ADX is a market for trading securities, including shares issued by public joint stock firms, bonds issued by governments or corporations, exchange traded funds, and any other financial instruments.

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