26 September 2016
ADX expects more national companies to join the registrar srvices - Al Dhaheri

Abu Dhabi - Abu Dhabi Securities Exchange (ADX) has announced that it has signed an agreement to provide registrar services with International Fish Farming Holding Company (ASMAK), thus increasing the number of companies benefiting from this service to eight - with a total capital of 5.9 billion Dirhams.

"We welcome this agreement with ASMAK, which we believe will add real benefit and value to the company by enabling it to benefit from the integrated services offered by ADX." said Ghanem Al Dhaheri, Deputy Chief Executive at ADX.

Al Dhaheri emphasized on the importance of this agreement to both the ADX and ASMAK, whereas it helps positioning the Exchange to be a key player in the local, regional and international market and ensuring the provision of advanced services that support the activities of the Company. 

Deputy Chief Executive reiterated that ADX has an ongoing commitment to support the listed shareholding companies trading on the Exchange, by providing high quality and seamless e-services that facilitate effective communication.

It is worthy to note that ADX introduced the Registrar Services few years ago in an effort to further its services to adhere with latest developments in the financial markets industry, with the first registrar agreement being signed in 2011. 

The Registrar Services include an electronic system to safekeeping the ownership of shares, transferring the ownership, and other related activities of register maintenance.‎

-Ends-

About Abu Dhabi Securities Market (ADX)
The 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:
    Adel Al Dhaheri
    Manager of Corp.Comm. & Digital Mktg Relations
    Abu Dhabi Securities Exchange
    Telephone No: +971 (2) 612 8716
    Fax No:  +971 (2) 612 8728
    Mobile No: +97150 622 12 66
    E-mail address: adelm@adx.ae

    Wafa Al Marzooqi
    Marketing Officer
    Abu Dhabi Securities Exchange
    Email: almarzooqiw@adx.ae
    Telephone: 02-6128746

    • © Press Release 2016