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Mon 9 Oct 2017 01:14 PM

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US investors 'most active' on Abu Dhabi stock market

Americans invest over AED3 billion in Abu Dhabi Securities Exchange over past 18 months

US investors 'most active' on Abu Dhabi stock market

American investors rank first among foreign investors in the Abu Dhabi Securities Exchange (ADX) over the past 18 months, according to its CEO.

Rashed Al Blooshi said during a briefing at the American Chamber of Commerce, Abu Dhabi (AmCham) that US investment during 2016 and the first six months of 2017 reached AED2.2 billion and AED960 million, respectively.

Al Blooshi highlighted that American investors make up over 2,000 individuals and more than 1,500 institutions and are among the most active in the exchange, state news agency WAM reported.

Their total trading value exceeded AED7.5 billion in 2016 and AED3.7 billion during the first half of 2017, while the market value of their shares exceeded AED10.9 billion by end of H1.

Al Blooshi also revealed that the net profit of companies listed on ADX amounted to AED22.2 billion during H1, while the cash dividend distributed by the listed companies in 2017 was some AED22 billion, up 3 percent on the previous year.

"ADX offers such an attractive investment opportunity, by virtue of the stable economic and legislative structure in which it operates. In Abu Dhabi we are fortunate to have the high-growth investment opportunities afforded by a developing economy, whilst also providing investors with the security of a regulatory environment similar to those found in more established markets," Al Blooshi added.