The Abu Dhabi Securities Exchange announced the reduction of the total commissions for trading activities on all deals that take place in it, starting from next Sunday, February 14, 2021.
and under the new initiative, the commissions for trading on all deals will be reduced by more than 22% to become 0.175% instead of 0.225%, according to a press release.
This is the second time that the Abu Dhabi Securities Exchange has reduced trading commissions during the past two years; It previously reduced trading commissions in June 2019 as part of (Tomorrow 2021 Plan) aimed at reducing the cost of doing business in the emirate.
Abu Dhabi Market also decided to adopt an incentive plan to support brokerage firms so that the maximum commissions that the market collects annually from any brokerage firm is 20 million dirhams, which will be applied to An annual basis to support brokerage firms that generate that amount.
and the brokerage firm will be exempted from any trading commission due from the period it fulfills this condition until the end of the same year in which the aforementioned maximum commission was achieved. The plan is in the interest of investors who wish to expand and diversify their investment portfolios without incurring high commission costs for trading their positions, depending on the market.
