ADX increases access for foreign investors in listed companies – Egypttoday

ADX increases access for foreign investors in listed companies – Egypttoday

Khaleefa Al Mansouri, ADX Chief Executive- Press photo





CAIRO - 16 July 2020: Abu Dhabi Securities Exchange (ADX) reviewed Thursday its performance during the first half of 2020.

It stated that three ADX-listed companies raised foreign ownership limits to 49 percent and one increased to 40 percent, adding AED6.3 billion of stock in these companies accessible to foreign investors.

"55 ADX-listed companies now accessible to foreign investors, representing 80 percent of the exchange,“ it added.

Moreover, Top 25 global asset managers are all registered investors on ADX.

ADX added that 1,723 new investors: 226 institutional and 1,497 individual / retail, of whom more than half (53 percent) were non-UAE nationals.

According to ADX, number of non-UAE nationals who acquired an investor number in ADX increased by 25% during H1 2020 compared to H1 2019. 

Total market capitalization of almost AED500 billion as at 30 June 2020, which has since risen by more than 20% to AED607 billion following completion of TAQA's transaction with AD Power on 1st July 2020.

AED22.5 billion of total dividends (H1 2019: AED20.3 billion), an increase of 11% and representing an overall yield of almost 5.3% (H1 2019: 4.0%), based on the market capitalization of those companies which paid dividends to their shareholders, ADX stated.

It