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The Abu Dhabi Stock Exchange (ADX) and nine ADX-listed companies will meet key institutional investors in London on June 9-10, aiming to further increase portfolio investment in the country’s capital markets.
ADX will demonstrate strong progress on its strategy to significantly increase liquidity and market capitalization. Achievements last year include the launch of derivatives markets and ETFs (Exchange Traded Funds), and the introduction of a regulatory framework for SPACs (Special Purpose Acquisition Companies).
ADX’s market capitalization has grown 25% year-to-date to nearly AED2 trillion ($545 billion), helped by a string of IPOs and listings (over $5 billion total) over the past year, including Abu Dhabi Ports, Fertiglobe, Adnoc Drilling, Alpha Dhabi and Multiply Group. Additionally, last week, Borouge raised $2 billion in an IPO and successfully listed on the ADX, one of the largest ADX IPOs to date.
Saeed Hamad Al Dhaheri, Managing Director and Chief Executive Officer of ADX, said: “The UAE capital markets shine on the screens of international institutional investors thanks to the country’s strong macroeconomic fundamentals, strong corporate performance and accelerating capital market activity. .
“ADX is a central component of the major transformation underway in the region, which is creating a vibrant, diverse and sustainable economy. Access to long-term global capital is at the heart of this ambition, so we continue to build on this with international investors Relationships and information flow are very important.”
The senior ADX delegation, led by Managing Director and CEO Saeed Hamad Al Dhaheri, included more than 25 CEOs, CFOs and senior executives from the following listed companies: ADNOC Distribution, ADNOC Drilling, Abu Dhabi Islamic Bank (ADIB), Agthia, Aldar Properties, Al Yah Satellite Communications Company (Yahsat), Emirates Telecommunications Group Company (Etisalat), First Abu Dhabi Bank (FAB) and Fertiglobe. – arab trade news agency
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