Abu Dhabi Securities Exchange intends to double its market value over the next three years, through the new ADX One strategy to enhance market liquidity and improve its efficiency for investors.
According to Al Khaleej newspaper, the launch of this strategy coincides with the rise in the market value of shares listed on the Abu Dhabi Securities Exchange by 39.7% during 2020 to reach 750 billion dirhams for the time. The first in its history.
ADX One's strategy aims to strengthen market governance by devoting compliance to international best practices in this field, and enhancing the attractiveness of the market to foreign investors as they exceed the market value of their shares In the companies listed on the Abu Dhabi Stock Exchange, 60 billion dirhams by the end of last year.
The strategy includes a range of innovative products and services including new listings, launching derivatives trading, accelerating digital transformation and enhancing customer interaction. This strategy was developed after the Abu Dhabi Securities Exchange turned into a public joint stock company and in 2020 joined the holding (ADQ), one of the largest holding companies in the region.
said Mohammed Ali Al-Shurafa Al Hammadi, Chairman of the Board of Directors of the Abu Dhabi Securities Exchange: With our entry into the year 2021 and the arrival of the twentieth anniversary of the establishment of the market, the Abu Dhabi Stock Exchange has become one of the The financial markets are competitive in the region, which provides great value to companies as well as achieving the highest returns for investors in emerging markets.
Our strategy will contribute to enhancing our market value and attracting new sources of liquidity, while ensuring a diversified, transparent and competitive economy in Abu Dhabi, thus strengthening the emirate's position as an attractive investment destination at the local and regional levels. And international. In the coming years, the market will continue to benefit from Abu Dhabi’s unique regulatory environment and infrastructure and its stability to stimulate long-term growth across the emirate, and overcome weak market value over the next three years.
10 insertions
Abu Dhabi Securities Exchange expects to complete at least 10 listings this year, including 3 ETFs, thanks to the successful listing of the ETF Chimera Standard & Poor's. Where the fund recorded a significant increase in its trading during the first three months of its listing, and since its third listing, the fund has become the largest in terms of assets in the region.
The second market, which is ...
