|26 May, 2019

ADX sponsors Ramadan Iftar project in partnership with Khalifa Bin Zayed Foundation

The 'Ramadan Iftar Project' provides packaged meals to those in need

ADX sponsors Ramadan Iftar project in partnership with Khalifa Bin Zayed Foundation

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.

-Ends-

About ADX:

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:
Mary Khamasmieh
Weber Shandwick
Mobile No.: +971502731753
e-mail: MKhamasmieh@webershandwick.com  

Abdulrahman Saleh ALKhateeb
Manager of Corporate Communication & Digital Marketing
Marketing & Corporate Communication Department
Tel: 00971 (2) 6128774
Mobile: 00971 (50) 6689733
Email: ALKhateebA@adx.ae 

© Press Release 2019

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases