ADIB Securities sees $6bn of trades in 2022 so far
ADIB Securities, reported more than AED22bn ($5.9bn) worth of trades for the nine months period ended 30th September.
The Abu Dhabi brokerage reported a 149% increase in use of its its digital trading platform compared to the same period last year.
ADIB growth
The growth was largely driven by a strong increase in the number of transactions routed through the company’s digital channels from 68% to 73% over the same period.
The sharia-compliant brokerage firm is a wholly owned subsidiary of Abu Dhabi Islamic Bank (ADIB).
Dr. Amer Al Ameri, Chairman of the Board at ADIB Securities, said, “Our rapid expansion has planted us firmly at the top of the list amongst our competitors.
“ADIB Securities captured a large share of the value of trades. As clients’ expectations continue to grow, we focus on investing in our people to provide a meaningful and personalised client experience and to ensure that each customer feels important.
“The key to providing great experiences lies in our constant development of our digital strategy and investment in new digital capabilities.”
Khaled Kurdieh, General Manager, said “Q3 was a very busy time for us here at ADIB Securities. We have grown the number of new accounts opened by 87% and our number of transactions has risen by 83%.
“New IPOs and global markets volatility have provided investors with opportunities to trade more frequently while maintaining focus on the long term.
“We do expect markets to remain active next year, supported by the positive investment environment in the UAE.
“We have invested heavily into increasing customer experience by delivering quality service, upgrading our systems, and developing our comprehensive digital strategy.”
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