Abu Dhabi, UAE : Abu Dhabi Global Market (ADGM) today proudly welcomes the successful initial public offering (IPO) of Fertiglobe plc (Fertiglobe), an ADGM registered public company, on the Abu Dhabi Securities Exchange (ADX). Fertiglobe is the first free zone and ADGM company to be listed and traded on an onshore stock exchange in the UAE. Furthermore, raising over $795 million, the Fertiglobe IPO is the third largest ever listing on the ADX.

A joint venture between Abu Dhabi National Oil Company (ADNOC) and Euronext-listed OCI N.V. (OCI), Fertiglobe is the world’s largest seaborne exporter of urea and ammonia combined, the largest nitrogen fertiliser producer in the MENA region by production capacity, and an early mover in clean ammonia.

Today’s listing marks an important milestone to further ADGM’s position as Abu Dhabi and the region’s leading international financial centre.

Commenting on the successful Fertiglobe listing, His Excellency Ahmed Jasim Al Zaabi, Chairman of ADGM said: “ADGM congratulates Fertiglobe on its successful ADX listing, in turn becoming the first UAE-based free zone company to join the onshore securities market. This IPO is a tangible vote of confidence by the global investor community in ADGM and underscores our primary role as a marquee international financial centre, that acts as a catalyst to further grow and develop the local financial services industry for the benefit of Abu Dhabi and the UAE, in line with the ‘UAE’s Principles of the 50’.

“The IPO of Fertiglobe further cements Abu Dhabi and ADGM’s growing position as a key global business hub and financial centre.  We welcome and look forward to actively support world-class companies across all sectors, to benefit from ADGM’s business-friendly regulatory environment, robust Common law legal framework, world-class commercial infrastructure, and its agile and innovative platform.”

Fertiglobe is part of ADGM’s fast-growing community of more than 3600 registered entities, comprising some of the world and region’s leading local and international banks, financial institutions, investment firms, fund management companies, treasury centres, corporations, energy companies, technology firms, tech start-ups, corporate and professional services and more.

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About Abu Dhabi Global Market

Abu Dhabi Global Market (ADGM), an international financial centre (IFC) located in the capital city of the United Arab Emirates, opened for business on 21 October 2015. Established by a UAE Federal Decree as a broad-based financial centre, ADGM augments Abu Dhabi’s position as a global trade and business hub serving as a strategic link between the growing economies of the Middle East, Africa and South Asia and the rest of the world.

ADGM’s strategy is anchored by Abu Dhabi’s key strengths spanning over private banking, wealth management, asset management, derivatives and commodities trading, financial innovation, sustainability and more. Comprising four independent authorities: the ADGM Authority, ADGM Courts, the Financial Services Regulatory Authority and the Registration Authority, ADGM as an IFC governs the entire 114 hectares (1.14sqkm) of Al Maryah Island which is a designated financial free zone.

It enables registered financial and non-financial institutions, companies and entities to operate, innovate and succeed within an international regulatory framework based on common law. Since its inception, ADGM has been awarded the “Financial Centre of the Year (MENA)” for four consecutive years for its initiatives and contributions to the financial and capital markets industry in the region.*

For more details on ADGM, please visit www.adgm.com or follow us on Twitter and Instagram: @adglobalmarket and LinkedIn: @Abu Dhabi Global Market (ADGM)

* Source: The Global Investor Middle East and North Africa (MENA) Awards

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