[ad_1]
ABU DHABI, 4th May, 2023 (WAM) — The Abu Dhabi Securities Exchange, ADX, in partnership with JP Morgan, has successfully completed an exchange-led roadshow in New York, reinforcing its strong international presence in Abu Dhabi-listed companies. need. Two-day exchange-led roadshow in New York City attracts major US institutional investors and welcomes senior representatives from exchanges and JPMorgan, as well as 20 ADX listings with a market capitalization of over AED1 trillion blue chip company. The unprecedented event highlights investment opportunities in the UAE’s capital markets following the strong performance of the exchange’s equity benchmarks last year.
The event attracted more than 60 CEOs, CFOs, and senior executives from institutional investors across the United States, representing $5 trillion in assets under management (AUM). The ADX senior delegation was accompanied by over 50 CEOs, CFOs and senior executives from some of Abu Dhabi’s largest and most dynamic listed companies, offering them a unique opportunity to present their stock stories and Share their business performance. These companies are Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Abu Dhabi Ports, ADNOC Distribution, ADNOC Drilling, ADNOC Gas, Agthia Group, Al Yah Satellite Communications Company, Aldar, Bayanat, Borouge, Burjeel Holdings, Commercial Bank International , Dana Gas , Emirates Steel Arkan, First Abu Dhabi Bank, Presight AI, Rak Properties, TAQA and Emirates driving company. The New York roadshow is in line with ADX’s strategic plan to attract more international investors to the exchange, following the success of ADX’s London roadshow in 2022.
Abdulla Salem Alnuaimi, CEO of ADX, said: “Our successful roadshow in New York is a strong indication that the UAE’s strong macroeconomic fundamentals, strong corporate performance and accelerated capital market activity are making it an increasingly attractive market for international institutional investors. Attractive location. ADX will continue to support the growth story of the UAE and its dynamic and diversified economy by accelerating the time-to-market process and bringing new innovative products to market. Access to long-term global capital is essential for the sustainable long-term growth of the UAE to As this is important, we will continue to explore opportunities to improve market liquidity and attract more investors to our vibrant markets.”
During the roadshow, ADX and public company senior management participated in more than 200 one-on-one meetings with investors, highlighting the exchange’s dynamic growth vision and its successful strategy to increase liquidity and market capitalization. Senior executives from ADX and JP Morgan also participated in a panel on the roadmap for Abu Dhabi’s capital markets – “ADX, the Global Exchange of the Future” and a panel on Abu Dhabi’s energy model – “Towards Carbonized Future”. The event also included a fireside chat with JPMorgan President Daniel Pinto, in which he spoke about emerging trends in the global capital markets industry.
The roadshow comes against the backdrop of major events at ADX, with increased participation from international and institutional investors, including IPOs, listings and new product launches. Last year, ADX listed more than 25 securities, with five IPOs attracting significant global demand and raising more than $5.4 billion. With the recent listings of ADNOC Gas ($2.5B) and Presight AI ($500M), ADX is once again at the forefront of the 2023 MENA IPO market. Net foreign investment in ADX will grow by 54.1% annually to AED 23.5 billion in 2022, with foreign ownership increasing by 92% over the same period. MENA investors lead foreign investment on ADX with a 44% share, followed by Europe & UK (31%), Americas (15%) and Asia (10%)
[ad_2]
Source link