Abu Dhabi -Wednesday 10nd September 2014:
Abu Dhabi Securities Exchange (ADX) recently received a delegation from The Center for Technology and Economic Development (CTED) at New York University Abu Dhabi (NYUAD). The delegation headed by CTED's Director, Mr. Yaw Nyarko, were accompanied members of the Ethiopian Commodity Exchange. They were received by ADX CEO, Mr. Rashed Al Balooshi and a number of ADX senior staff.
The delegation was briefed on the procedures, trading operations and e-services performed in the stock exchange. An explanation of the investment in the market, accounts and financial transactions was also provided. During the visit the delegation learnt about the role of ADX in reinforcing investments in the emirate of Abu Dhabi along with the trading tools that ensure regional as well as international leadership and uniqueness of the emirate.
"We are happy to see that NYUAD, an organization based in the UAE, is playing an active role in advancing through education the confidence of society in functioning of the market, as well as help in creating ambiance and investment climate in the ever evolving need to spread the investment culture amongst the younger generation and develop the skills of students as one of the main pillars for human resources development in the UAE." Said Mr. Rashed Al Balooshi, Chief Executive of ADX.
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About ADX:
Abu Dhabi Securities Exchange (ADX) was established in November 2000 as the official stock exchange of the emirate of Abu Dhabi, the Federal Capital of the United Arab Emirates (UAE). ADX is a market for trading securities including shares issued by public joint stock companies, bonds issued by governments and corporations, exchange traded funds and any other financial instruments approved by the UAE Securities and Commodities Authority (SCA).
ADX has 68 listed Securities and a market capitalization of AED 292 Billion ($79.4 billion USD) as of September 30th 2012 and an investor base of 914,564 as of the end of 2012. Of the total number of investors in the market 562,733 are UAE nationals, with 58 government entities, and 1,652 institutions. Individuals from the Gulf Corporation Council (GCC) accounted for 272,531, with 4 GCC government entities, and 318 GCC institutions. Individuals from Arab countries accounted for 47,856, with 81 institutions. Other nationals accounted for 27,294, with 2,037 institutions.
In alignment with the Abu Dhabi Government's Economic Vision 2030, ADX aspires to be the exchange of choice by developing the capital market through legal environment that ensures disclosure, transparency and integrity.
Please visit www.adx.ae for more information.
For more information, please contact:
Adel Maktoom Al Dhaheri
Manager of Media Relations
Abu Dhabi Securities Exchange
Telephone No: +971 (2) 612 8716
Mobile No: +97150 622 12 66
E-mail address: adelm@adx.ae
Abdul Rahman Saleh Al Khateeb
Communication Officer
Abu Dhabi Securities Exchange
Telephone No: +971 (2) 612 8774
Mobile No: +97150 6689733
E-mail address: alkhateeba@adx.ae
© Press Release 2014
