Abu Dhabi Securities Market managed to attract about 1723 new investors during the first half of this year, including 1497 individual investors and 226 institutional investors.
According to the Emirates News Agency, the Abu Dhabi Securities Market, in a report monitoring its achievements during the first half of this year, stated that the cash dividends of listed companies amounted to 22.5 billion dirhams, compared to 20.3 billion AED in the same period of 2019, up 11%.
The return on cash dividends amounted to about 5.3%, based on the market value of the companies that approved cash dividends for eligible shareholders during the first half compared to 4% in the same period last year.
The market stated that foreign ownership shares in three companies listed on the market were raised to 49%, while another company witnessed the ratio increase to 40% and thus an increase in the value of 6.3 billion dirhams from Shares available to foreign investors, while the total number of listed companies that foreign investors can invest in reached 55 companies, representing 80% of the companies listed on the market.
The Abu Dhabi Securities Market made great progress in attracting more foreign investors in addition to developing a more diversified domestic investor base during the first half of 2020, as it raised at least Four companies have restrictions on foreign ownership, and foreign investors can currently access additional shares of 6.3 billion dirhams in these companies across three different sectors. Foreign investors can invest in 55 companies in the market, representing about 80% of the companies listed in the market.
On the 1st of July this year, Abu Dhabi National Energy Company completed the capacity of merging its assets with the Abu Dhabi Energy Corporation. The deal added more than 100 billion dirhams to the total market value of the Abu Dhabi Stock Exchange. That is, an increase of 20% to reach approximately 607 billion dirhams with the close of the trading day of 12 July 2020, thus TAQA is one of the largest companies listed on the Abu Dhabi Stock Exchange.
Abu Dhabi Securities Market has witnessed an increase in the levels of interest by residents with a growth of 25% in the number of non-Emiratis who obtained an investor number in the market compared to the first half of the year. 2019, as investors from the United Kingdom occupied the first position in the list of non-Emiratis most traded in the market, as they traded 5.2 billion dirhams of shares in that period, followed by investors from the United States with shares amounting to 4.1 billion dirhams, followed by investors from Luxembourg with 1.2 billion dirhams .
His Excellency Khalifa Al Mansouri, CEO of Abu Dhabi Securities Market, said: We seek to enable investors to benefit from the improvement ...
