Abu Dhabi, United Arab Emirates (UAE) 

Abu Dhabi Securities Exchange (ADX) announced that it has succeeded in achieving a compliance rate of 100% regarding the disclosure of the annual financial statements of its 69 listed public and private joint stock companies within the deadline of 90 days from the end of the financial period.  All public and private joint stock companies listed on ADX disclosed their annual financial statements for 2017 within the 90 days period given. 

It is worthy to note that the total net profit of all public listed companies as of 31 December 2017 has shown an increase of 144.59% in comparison to the same period last year. The highest recorded increase was in Services Sector with 125.55%, followed by the Energy Sector with 118.79%. 

On this occasion, ADX stated that the collaboration between the Exchange and its listed companies has always proved to be a productive one, which we can clearly see through the high level of collaboration in the compliance that the companies has adhered to. 

-Ends- 

About Abu Dhabi Securities Exchange (ADX)

Abu Dhabi Securities Exchange (ADX) was established on November 15 of the year 2000 by Local Law No. (3) Of 2000, the provisions of which vest the market with a legal entity of autonomous status, independent finance and management.  The Law also provides ADX with the necessary supervisory and executive powers to exercise its functions.

These functions are:

  • Provide opportunities to invest savings and funds in securities in order to benefit national economy.

  • Ensure the soundness and accuracy of transactions and to ensure the interaction between demand and supply in order to determine prices.

  • Protect investors through establishing fair and proper dealing principles between various investors.

  • Impose stringent controls over securities transactions to ensure sound and conduct procedure.

  • Develop investment awareness by conduction studies and issuing recommendations in order to ensure that savings are invested in productive sectors.

  • Ensure financial and economic stability and develop trading methods in order to ensure liquidity and stability of prices of Securities listed on the market.

ADX is a market for trading securities; including shares issued by public joint stock companies, bonds issued by governments or corporations, exchange traded funds, and any other financial instruments approved by the UAE Securities and Commodities Authority (SCA).

At the end of 2015, ADX had 71 listed securities with a market capitalization of AED 447 billion (USD 122 billion).  Those securities include 66 public joint stock companies, 2 private joint stock companies, 1 Exchange Traded Fund (ETF), 1 Abu Dhabi Government

 Fund, and 1 convertible bond.   ADX listed companies are allocated in nine sectors; Banking, Real Estate, Consumer Staples, Investment and Financial Services, Industrial, Telecommunication, Services, Energy, and the Insurance sector. 

ADX allows for investors to trade through any of the registered brokerages at the exchange through advanced electronic automated services. ADX has also signed a number of agreements with major financial institutions to provide for custody services, including renowned international corporations; namely the National Bank of Abu Dhabi (NBAD), HSBC, Standard Chartered, Deutsche Bank and Citi Banking Group.

ADX goals are in line with Abu Dhabi Government Economic Vision 2030.  The 2030 economic plan plays a vital role in ADX strategy since it places the financial market in the context of economic and social development.  The development would be through diverting savings towards investment in the various economic sectors and developing the financial infrastructure of Abu Dhabi to transform the emirate into one of the leading finance and services center in the region.

In 2014, ADX was upgraded to ‘Emerging Market’ status by both MSCI index (Morgan Stanley Capital International) and S&P Dow Jones, thus greatly increasing the likelihood of inward global investment flows. ADX was already classified as an Emerging Market by FTSE in 2009 and in 2011 by S&P and Russell Investments. 

In 2015, ADX won the Most Innovative Exchange GCC 2015 Award.  The award, given by Capital Finance International, celebrates achievement, innovation from an international perspective, recognizing organizations with innovative technology products backed by strong management, excellent service standards and sound business models. Capital Finance International is a leading print journal and online resource reporting on business, economics, and finance.

For more information, please contact:

Abdulrahman Saleh ALKhateeb

Manager of Corporate Communication & Digital Marketing

Marketing & Corporate Communication Department

Abu Dhabi Securities Exchange

Tel: 00971 (2) 6128774

Mobile: 00971 (50) 6689733

Email: ALKhateebA@adx.ae 

© Press Release 2018