The Abu Dhabi Securities Exchange announced its success in raising 50 percent of the proceeds from public offerings in the Middle East region during the year 2023.
The market indicated that 2023 was a year full of events and achievements, as it received 6 public offerings with a total value of $5.57 billion (21 billion dirhams) in 2023, 3 of which were classified among the list of the 20 largest initial public offerings in the world. According to the Emirates News Agency, WAM.
He confirmed a 13 percent increase in market value to reach $817 billion by the end of last year, in addition to a 10 percent increase in the number of institutional investors who joined the market.
It also achieved year-on-year growth in the percentage of investors trading by about 37 percent in 2023, explaining the increase in foreign ownership of shares of listed companies by 35 percent in 2023. Which reflects the attractiveness of these companies and the vibrant economy of Abu Dhabi in general.
The market said that it partnered last year with HSBC Bank Middle East with the aim of offering fixed-return digital securities, in addition to cooperating with the global ICE network to provide immediate access to the market for global institutional investors in an initiative that is the first of its kind for a financial market in the Middle East.
The market stated that among the achievements last year was the signing of a memorandum of understanding with the New York Stock Exchange to enable dual listing of companies in both markets, and the launch of the FTSE Abu Dhabi Market Index for environmental, social and governance standards to promote growth and sustainable business practices among companies listed on the market.
The Abu Dhabi Securities Exchange confirmed that it aims, in 2024, to empower investors with new investment opportunities and support them during their investment journey, enhance commitment to the economic diversification and sustainability agenda in Abu Dhabi, and raise performance to higher levels.
