Abu Dhabi market plans to list two new companies

According to Al-Ittihad newspaper, Al-Mansouri said that the Abu Dhabi Securities Market plans in cooperation and coordination with the international FTSE Russell Foundation to launch indicators consistent with Islamic law and sustainable indicators, during the second half of this year, stressing that the market seeks this year to strengthen its relations with major international stock exchanges, with the aim of benefiting Among the experiences of these financial markets towards offering various financial instruments, including the London Stock Exchange, the Singapore Stock Exchange, the Shanghai Stock Exchange, in addition to the Bombay Stock Exchange.

The CEO added that the Abu Dhabi market is currently studying the possibility of developing a platform to list small and medium-sized companies, in cooperation with the Bombay Stock Exchange, in order to encourage the growth of successful future projects that contribute to the growth of the national economy, in addition to the market’s endeavors to list real estate investment funds and mutual investment funds that are expected To be a milestone in enhancing the financial tools available to investors and raising liquidity rates in the market.

Al-Mansoori pointed out that the Abu Dhabi Securities Market witnessed, since the beginning of the year until the middle of February this year, 415 new investors entered, including 350 individuals and the rest 65 institutions, while the market received about 174 non-Emirati investors, including 128 individual investors and 46 institutions, stressing that The value of investor trading in the market amounted to about 4.3 billion dirhams, with trading volumes of 1.3 billion shares during the same period.

Khalifa Al Mansouri, CEO of Abu Dhabi Securities Market, said that the market recently signed a cooperation agreement with the FTSE Russell Foundation, in which the latter will become the main official in charge of local stock indices, to start calculating the general index that includes all companies listed on the market and nine sector-specific indices. Stressing that the market aspires through this agreement to launch several indicators that include green energy, sustainability and the real estate sector.

The CEO added that the market has already started taking the first steps towards preparing the infrastructure to create these indicators, so that financial institutions and investors can use the new indicators to measure performance and conduct market research, which supports the performance of investment funds traded on the stock exchange, and supports the market’s efforts in its path towards strengthening Investment tools and the development of innovative initiatives.