|27 September, 2016

ADX expects more national companies to join registrar services

Abu Dhabi Securities Exchange (ADX) signed an agreement to provide registrar services with International Fish Farming Holding.

Monday, Sep 26, 2016

Dubai

Abu Dhabi Securities Exchange (ADX) said on Monday 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 Dh5.9 billion.

“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 in a statement.

Al Dhaheri emphasised 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.

Siddesh Suresh Mayenkar, Senior Reporter

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