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- HE Mohammed Ali Al Shorafa Al Hammadi, Chairman of the Abu Dhabi Department of Economic Development (ADDED), introduced the 5 billion dirhams ($1.4 billion) “Abu Dhabi than the operation of the IPO fund”
Abu Dhabi, UAE: The first edition of the groundbreaking event Abu Dhabi Financial Week (ADFW) kicked off today with its first themed day, Assets Abu Dhabi, bringing together global financial market leaders from diverse backgrounds and expertise, The event features a select group of invitees gathered at ADGM’s exclusive event to discuss strategic macroeconomic and financial themes affecting global, regional and industry. The week-long event was hosted by Abu Dhabi Global Market (ADGM), a leading international financial centre in the UAE capital emirate, and its strategic economic partners, Abu Dhabi Department of Economic Development (ADDED), G42 and Etisalat.
The 2022 edition of Abu Dhabi Assets, presented in conjunction with thematic partner Abu Dhabi Stock Exchange, showcased a lineup of some of the strongest global private market leaders, hosting around 300 senior investors from 30 countries, Trillions of assets under management. Top investment funds present at the event included Bank of America, BlackRock, Chimera, Goldman Sachs, Gulf Capital, Investcorp, JPMorgan, Lombard Odier, Pictet and Tikehau Capital.
Discussions on the first day of the forum focused on the changing investment landscape triggered by global economic challenges, and explored sub-themes such as sovereign wealth funds, family office investing, strategies and risk approaches to building diversified portfolios across asset classes. Dr. Nasser Saidi, Economist and President of Nasser Saidi & Associates, gave an overview of the Middle East’s economic transformation in a key session, delving into the economic factors driving the UAE’s growth in the region and globally.
Abu Dhabi Assets also witnessed a major announcement by HE Mohamed Ali Al Shorafa, Chairman of the Abu Dhabi Department of Economic Development (ADDED), who briefed the audience on the milestones and achievements of the UAE’s economic agenda, Including Abu Dhabi’s operating IPO fund, helping the emirate cement its position as the region’s next financial capital. The Abu Dhabi IPO Fund of 5 billion dirhams ($1.4 billion) is critical to promoting and enhancing the UAE’s global capital markets and financial sector landscape in the macroeconomy. In addition to helping them qualify for an ADX listing, 6 private sector companies have been shortlisted for possible advisory and/or investment services; the fund has developed an additional 32 companies as potential candidates for these advisory services.
HE Hisham Khalid Malak, Chairman of the Abu Dhabi Stock Exchange (ADX) on behalf of Asset Abu Dhabi Theme Partner, said: “We are delighted to be participating in Abu Dhabi Financial Week, an inaugural event highlighting the rapidly evolving financial services in the emirate. The exchange remains committed to enhancing the dynamism of our capital markets, contributing to Abu Dhabi’s vision of increasing economic diversification and supporting sustainable long-term growth.”
ADFW 2022 will witness three more upcoming theme days, including the sixth FinTech Abu Dhabi Festival, as well as the newly launched theme – Abu Dhabi Crypto and Regulation, Awareness, Collaboration and Ecosystem (RACE) 2022 Sustainability Summit.
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About Abu Dhabi Global Market (ADGM)
Abu Dhabi Global Market (ADGM), the International Financial Centre (IFC) in the capital of the United Arab Emirates, opened on 21 October 2015. ADGM strengthens Abu Dhabi’s position as a leading financial centre and a strategic link between the growing economies of the Middle East, Africa and South Asia and the rest of the world.
ADGM operates within an international regulatory framework based on the direct application of English common law and governs the entire island of Al Maryah, which has been designated as the Abu Dhabi Financial Free Zone.
ADGM has been named one of the most popular top IFCs in the Middle East and Africa region and named MENA’s largest fintech hub. Its progressive and inclusive business ecosystem attracts global financial and non-financial institutions while leveraging synergies between ADGM and multiple jurisdictions positioned as the most advanced, diverse and well-governed in the world one of the financial centers.
For more details on ADGM, please visit www.adgm.com Or follow us on Twitter and Instagram: @adglobalmarket and LinkedIn: @Abu Dhabi Global Market (ADGM)
For media inquiries please contact:
Simon Hales
Middle East Head
Edelman Smithfield
E: simon.hailes@edelmansmithfield.com
altenegi shark
ADGM Head of Corporate Communications
E: media@adgm.com
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