“Abu Dhabi Securities Exchange (ADX) and Sharjah Islamic Bank (SIB) have joined forces to streamline IPO subscriptions. This partnership simplifies the National Investor Number (NIN) process and enables SIB clients to instantly subscribe to UAE IPOs through ADX’s e-IPO platform, eliminating paperwork.
ADX’s strategy aims to enhance digital offerings, expand the investor base, and support a robust IPO pipeline, representing 75% of GCC capital raised in H1 2023. ADX CEO Abdulla Salem Alnuaimi highlights the goal of facilitating access to diverse growth opportunities, while SIB CEO Mohamed Abdalla emphasizes embracing digital technologies for a positive impact on the UAE’s financial sector.”