ADX partners to adopt innovation to serve knowledge based economy
Abu Dhabi Securities Exchange (ADX) has implemented a strategy to highlight the path of ADX projects for the coming years, in order to achieve the Exchange’s goals through relying on solid foundations and strong pillars, according to Chief Executive, Rashed Al Blooshi.
“ADX’s commitment to promote financial stability and growth in the Emirate by maintaining the highest standards of practice in financial services inspired us to introduce a number of innovations during the past few years which are in alignment with Abu Dhabi government drive to achieve a sustainable, resilient, diversified and knowledge-based economy. For instance, ADX was the first financial market in the MENA region to adopt blockchain technology,” said Al Blooshi.
Al Blooshi’s remarks came while chairing the first session of the annual conference of the Securities and Commodities Authority (SCA) which focused on the role of financial markets in building an economy based on knowledge, innovation, and happiness.
“ADX Blockchain eVoting Service will allow the concerned parties to directly connect and monitor voting in any Annual General Meeting (AGM). This digital service will save time, cost, and effort. It will also add to the vitality of the AGMs through high attendance and interaction with the decisions. It is considered an effective way to interrelate via safe internet connections from anywhere in the world. ADX Blockchain eVoting Service will enable a company’s shareholder to access reports and statements relevant to the AGM, whether for candidates for the Board or quorum for voting - among other decisions and other information by means of their smart devices,” Al Blooshi said.
He added that ADX has invested in more than 14 innovations during the past two years, including the interactive smart kiosk SAHMI that allows investors to obtain an investor number in less than 60 seconds. It also allows investors to modify their data and obtain printed financial reports and bills, in addition to electronic payments covering 24 hours.