A delegation from the market and 9 of its listed companies meet investment institutions in London
The market value of "Abu Dhabi Securities" rises 25% to two trillion dirhams
A delegation from the Abu Dhabi Securities Exchange and nine companies listed in it will meet with a number of major investment institutions in the British capital, London, on the ninth and 10th of this June, as part of a strong representation from the market that aims to attract more foreign investments to the UAE financial markets, among the senior managers of investment portfolios. At a time when the market revealed that its market value has increased by 25% since the beginning of 2022, to reach about two trillion dirhams.
Achievements and initiatives
Through these meetings, Abu Dhabi Securities Exchange seeks to highlight the great progress it has made in achieving its strategy to enhance its liquidity and market value through a set of initiatives.
Among the achievements of the market during the past year, the launch of a market for financial derivatives, the listing of traded investment funds, in addition to the adoption of a regulatory framework for companies established for the purposes of acquisition and merger.
international interest
The Managing Director and CEO of the Abu Dhabi Securities Exchange, Saeed Hamad Al Dhaheri, stressed that the UAE financial markets are receiving great attention from international investment companies, thanks to the strength of the country's economic foundations, the strong performance of the companies operating in it, and the remarkable acceleration in the activity of its financial markets.
He said that the Abu Dhabi Securities Exchange plays a key role in the great transformation that the region is witnessing towards building vibrant, diversified and sustainable national economies, pointing out that attracting more global and diversified investments is essential to achieve this goal, and therefore it is necessary to continue strengthening relations with international investors. Introduce them to our success stories, and maintain open channels of communication with them.
Market value
The Abu Dhabi Securities Exchange witnessed an increase in its market value by 25% since the beginning of 2022 to date, to reach about two trillion dirhams (545 billion dollars).
This rise was driven by a series of initial public offerings and major listings that were completed over the past year, with a total value exceeding $5 billion, and included: Abu Dhabi Ports, Vertiglobe, ADNOC Drilling, Alpha Abu Dhabi and Multipleplay group.
Borouge also succeeded last week in raising $2 billion, after conducting an initial public offering that was culminated in the successful listing of its shares on the Abu Dhabi Securities Exchange.
This offering witnessed exceptional response and constituted one of the largest initial offerings in the history of the market so far.
The Abu Dhabi Securities Exchange delegation is headed by Saeed Hamad Al Dhaheri, Managing Director and CEO of the Abu Dhabi Securities Exchange, accompanied by more than 25 CEOs, CFOs and executives from companies listed on the market, including: “ADNOC Distribution”, “ADNOC Drilling”, Bank Abu Dhabi Islamic, Agthia Group, Aldar Properties, Al Yah Satellite Communications Company (Yahsat), Etisalat Group, First Abu Dhabi Bank, and Vertiglobe.
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