Sunday 14, May 2017 by Georgina Enzer

ADX concludes New York roadshow

Abu Dhabi Securities Exchange (ADX) has concluded its first roadshow for the year 2017 which was held in New York City on 8 -9 May.

During the roadshow, ADX accompanied by a number of its listed companies hosted meetings with around 50 institutional investors from various asset management companies and hedge funds whose assets under management are around $7 trillion. 

The roadshow is designed to facilitate one-to-one meetings between representatives of listed companies and institutional investors, which would enable the companies to showcase success stories, achievements, business developments and growth outlook of their respective companies.

“ADX roadshows aim at globally promoting ADX services and that of its listed companies, as well as to highlight the investment climate in Abu Dhabi. They are also aimed at attracting further foreign investments to the Emirate, as part of ADX commitment to Abu Dhabi Plan in developing the financial services sector in the Emirate, and in line with Abu Dhabi Economic Vision 2030,” said ADX Chief Executive, Rashed Al Blooshi.  

The roadshow also included discussion panels and presentations on the strength points and investment opportunities available in the Emirate of Abu Dhabi in various sectors as well as the advanced technical, digital, and regulatory environment in the Exchange which enabled it to become a leader in the region – reaching the highest international standards to attract global investments seeking opportunities in safe and reliable environment.

“The meetings we had with the asset management companies and hedge funds focused on the positive performance of Abu Dhabi economy that maintained its growth in the past few years – despite the uncertainty and volatility among other world economies.  They also addressed the open environment and high returns of Abu Dhabi economy through partnerships leading to sustainable development,” said Al Blooshi. 

Meanwhile the participating companies demonstrated their strong abilities and wide range of opportunities, which allow them to ideally attract foreign investments seeking transparent havens and record revenues.

“We are committed to supporting the growth of the UAE’s and the region’s markets, and our long-term strategic goals are focused on empowering investors and the communities we operate in to join our movement and to Grow Stronger. We are, therefore, proud to be partaking in this important event with Abu Dhabi Securities Exchange (ADX) in a key financial market, such as the US,” said ADX Group Head of Subsidiaries, Strategy and Transformation, Karim Karoui. “This roadshow, which is our first since the launch of our new bank, serves as an important milestone for us and provides us with a significant opportunity to meet US-based investors, as we look to communicate effectively and in a transparent manner with the investment community in different markets to promote a wider understanding of our strategy and business plans.”

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