Abu Dhabi’s ADX expects one IPO and listing of an ETF by end of 2020, CEO says – The National

Abu Dhabi’s ADX expects one IPO and listing of an ETF by end of 2020, CEO says – The National

Exclusive: Raising of foreign ownership cap boosts investor numbers in first half

















ADX chief executive Khaleefa Al Mansouri said the exchange is 'delivering on its key strategic objective of becoming more liquid and more accessible to a broader mix of investors'. Pawan Singh / The National 







The Abu Dhabi Securities Exchange expects an initial public offering and the listing of an exchange-traded fund in the second half of the year as the economy emerges from a coronavirus-induced slowdown.



Several real estate investment trusts (Reits) could also be listed on the exchange, ADX chief executive Khaleefa Al Mansouri told The National.



The IPO, however, could take place late in the year, Mr Al Mansouri said.



"We are in an active dialogue with several companies and the first one [the ETF listing] will come in August. Our target for the year [for Reit listings] was three to five Reits ... on the conservative side, I would assume two [listings],“ he said.



"I expect at least one listing of a private joint stock company in the fourth quarter.“



The exchange is working closely with family offices and other private sector companies and has a