Abu Dhabi Securities Exchange (ADX) and nine of its listed companies will meet major institutional investors in London this week.
It is part of Abu Dhabi’s strategy to further increase portfolio investment into the country’s capital markets.
ADX will also showcase its robust progress in significantly increasing liquidity and market capitalisation.
Over the last year, it has launched a derivatives market and ETFs (exchange-traded funds) while introducing a regulatory framework for SPACs (special purpose acquisition companies).
ADX has experienced a 25 percent year-to-date increase in market capitalisation to close to AED2 trillion ($545 billion), bolstered by a series of IPOs and listings over the past year, totaling over $5 billion.
These include Abu Dhabi Ports, Fertiglobe, ADNOC Drilling, Alpha Dhabi and Multiply Group.
Last week, Borouge raised $2 billion in one of the biggest IPOs to successfully list on ADX to date.
Managing Director and CEO of ADX, Saeed Hamad Al Dhaheri (above), said: “UAE capital markets are shining brightly on the screens of international institutional investors due to the country’s robust macroeconomic fundamentals, solid corporate performance and accelerated capital markets activity.
“ADX is a core component of the major transformation underway in the region, which is creating a vibrant, diversified and sustainable economy. Access to long-term global capital is central to this ambition, and it is therefore important that we continue to nurture relationships and informational flows with international investors.”
The senior ADX delegation, led by Al Dhaheri, includes more than 25 CEOs, CFOs and senior executives from nine listed companies. They include ADNOC Distribution, ADNOC Drilling, Abu Dhabi Islamic Bank, Agthia, Aldar Properties, Al Yah Satellite Communications Company (Yahsat), Emirates Telecommunication Group Company (Etisalat), First Abu Dhabi Bank and Fertiglobe.
Follow us on
