Abu Dhabi, UAE: In accordance with its commitment to social responsibility, and on the occasion of the Year of Tolerance, 2019, Abu Dhabi Securities Exchange (ADX), the leading financial market in the region, partnered with the Khalifa Bin Zayed Al Nahyan Foundation to sponsor their ‘Ramadan Iftar Project’.
The ‘Ramadan Iftar Project’ provides packaged meals to those in need, and is considered part of the contributions that Khalifa Bin Zayed Al Nahyan Foundation carries out on a regular basis. The project aims to reach the largest number of recipients and acts as a reflection of the values of social solidarity and compassion, while promoting a stronger bond between members of society.
It is worthy to note that in line with its social responsibility initiatives, ADX participates in sponsoring several events on a steady basis such as: ‘Ramadan Aman’ whereby packaged meals were distributed to drivers prior to the Iftar time, in addition to sponsoring Iftar tents in collaboration with the Emirates Red Crescent.
On this occasion, Acting Chief Executive of the Abu Dhabi Securities Exchange, H.E. Khalifa Salem Al Mansouri conveyed his appreciation to the Khalifa Bin Zayed Al Nahyan Foundation for their cooperation, stating that ADX puts a high significance to these social responsibility initiatives that support volunteer and humanitarian work which would ultimately achieve synergy amongst the various governmental, private, and community sectors.
H.E. added that in parallel to the year of tolerance, 2019, ADX seeks to highlight the values of cooperation, giving, and tolerance by following the legacy bestowed upon us by the late Founding Father, Sheikh Zayed bin Sultan Al Nahyan, adopting the humanitarian teachings he instilled in us. Moreover, these initiatives are in line with the government's directives to generously participate in charitable and humanitarian work. As a result of this project, ADX helps to promote the concept of solidarity among the members of society, citizens and residents in this holy month. Furthermore the project highlights the important role that the Exchange plays within its community, and is always keen to do so.
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.
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).
In 2014, ADX was upgraded to ‘Emerging Market’ status by both MSCI and S&P Dow Jones. ADX was already classified as an Emerging Market by FTSE in 2009 and in 2011 by S&P and Russell Investments.
For more information, please contact:
Mobile No.: +971502731753
Abdulrahman Saleh ALKhateeb
Manager of Corporate Communication & Digital Marketing
Marketing & Corporate Communication Department
Tel: 00971 (2) 6128774
Mobile: 00971 (50) 6689733
© Press Release 2019