UAE Business: ADX in move to boost institutional investment from UK – Gulf Digital News

UAE Business: ADX in move to boost institutional investment from UK – Gulf Digital News

Abu Dhabi Securities Exchange (ADX) and nine ADX-listed companies will meet major institutional investors in London on June 9-10 aiming to further increase portfolio investment into the country’s capital markets.

ADX will showcase its robust progress in its strategy to significantly increase liquidity and market capitalization. Achievements over the last year include the launch of a derivatives market and ETFs (exchange traded funds) as well as the introduction of a regulatory framework for SPACs (special purpose acquisition companies).

ADX has experienced a 25% year-to-date increase in market capitalization to close to AED2 trillion ($545 billion), bolstered by a series of IPOs and listings over the past year – which have totalled over $5 billion – including Abu Dhabi Ports, Fertiglobe, Adnoc Drilling, Alpha Dhabi and Multiply Group. Additionally, in the last week, Borouge raised $2 billion in an IPO and successfully listed on ADX, marking one of the largest IPOs on ADX to date.

Saeed Hamad Al Dhaheri, Managing Director and Chief Executive Officer of ADX, said: “UAE capital markets are shining brightly on the screens of international institutional investors due to the country’s robust macroeconomic fundamentals, strong corporate performance and accelerating capital markets activity.

“ADX is a core component of the major transformation