ADX sees rapid acceleration in access for foreign investors – Gulf Today

ADX sees rapid acceleration in access for foreign investors – Gulf Today

ADX sees rapid acceleration in access for foreign investors

6 hours ago

ADX saw increased levels of interest from the expatriate investment community.

Business Bureau, Gulf Today

Abu Dhabi Securities Exchange (ADX)  on Thursday reports on its performance for the six months ending June 30, 2020. The report focuses on the exchange's efforts in supporting Abu Dhabi's economy through the development of its capital markets, building a strong platform for growth and foreign investment as the easing of COVID-19 restrictions continues.

In the first half of 2020, ADX made significant progress in achieving its ambitions to become a leading international exchange and attract more foreign investors, as well as to develop a more varied domestic investor base. Four companies raised their limits on foreign ownership: Methaq Takaful Insurance Company raised its limit from 25 per cent to 40 per cent; Wahat Al Zaweya Holding went from 0 per cent to 49 per cent; Agthia Group increased its limit from 0 per cent to 49 per cent; and Abu Dhabi Islamic Bank took its permitted level of foreign ownership from 25 per cent to 40 per cent. This means that since the end of 2019, an additional Dhs6.3 billion of stock in these companies is currently