The listing was welcomed by the chief executive of ADX, who said: “Today we extend a warm welcome to Mubadala as it joins ADX. The listing of its MDGH bonds is further evidence of ADX’s appeal to a broader base of investors and issuers and is in line with our strategy of increasing the number of products available to them.
“When we see global investment companies decide to list their debt securities on ADX, it sends a powerful message to markets all around the world that Abu Dhabi can support the capital requirements and growth ambitions of any business. As we add more products to the exchange and invest in our trading infrastructure, we also become more attractive to investors looking for better and more flexible ways to manage their wealth in a stable, low risk environment.”
ADX raised the foreign ownership limits of its listed companies to 49 percent earlier this year. Last week, Chimera Capital LLP announced the launch of Chimera S&P UAE Shariah Exchange Traded Fund (ETF), the first ETF to track a Shariah-compliant index in the UAE, which will have its primary listing on ADX.
(Writing by Imogen Lillywhite; editing by Seban Scaria)
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