ADX wins two World Business Outlook awards for outstanding performance

ADX wins two World Business Outlook awards for outstanding performance

ABU DHABI, 5th December, 2022 (WAM) -- The Abu Dhabi Securities Exchange (ADX) has been recognised by World Business Outlook with awards for “Best Trading Securities Exchange - MENA 2022” and “Best Trading Derivatives Exchange – MENA 2022” for accomplishments since 2021.

ADX won the “Best Trading Securities Exchange - MENA 2022” award for reaching a record market capitalisation of more than AED 2.5 trillion making it the second-largest exchange in the Middle East. This follows the acceleration of ADX strategy to attract listings and diversify its investment products.

During the year, the exchange maintained a robust pipeline of IPOs and listings including Bayanat AI, ADNOC Drilling, Yahsat and Burjeel. The exchange is today also home to seven Exchange Traded Funds (ETFs), making it the largest and most liquid ETF market in the region.

Furthermore, ADX also signed several Memorandas of Understandings with regional and emerging market exchanges in 2022.

ADX also launched the region’s first digital exchange hub – Tabadul. Based on the mutual market access model, Tabadul allows investments across ADX and other exchanges and enable investors to trade directly on multiple exchanges through licensed brokers in other markets.

ADX was also presented with the “Best Trading Derivatives Exchange - MENA 2022” award