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Emirates News Agency – ADX major deals total AED15.6 bn since start of 2023

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ABU DHABI, 17th March, 2023 (WAM) — The Abu Dhabi Securities Exchange, ADX, has reported the execution of 10 major transactions with a combined value of more than AED15.6 billion since the start of 2023. According to ADX data, these transactions were carried out through 321.14 million shares of Al Alamiya Holding, Multiply Group, and Ghada Holding, three listed companies.

Of the three companies, Al Alamiya Holding accounted for the lion’s share with five deals. In mid-January, the first transaction was executed, involving 8.3 million shares worth AED 3.37 billion. Another major deal was executed in February involving 2.7 million shares worth AED 1.04 billion. In March, three transactions involving 23.7 million shares worth AED 9.5 billion were executed.

Shares of Multiply Group saw the execution of major transactions in February, totaling 279.8 million shares worth AED1.15 billion. Ghada Holding executed the last major transaction, purchasing 6.5 million shares worth AED 533 million.

Last year, the ADX reported the execution of 207 major transactions totaling AED 68.15 billion in 16.1 billion shares.

Hodr Nashar / Mohammad Amir

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