Monday 04, December 2017 by Jessica Combes

ADX sees a rise in demand for the issuance of Investor Numbers


Abu Dhabi Securities Exchange (ADX) has announced a 2700 per cent increase in demand for the issuance of Investor Numbers (IN) between 26 and 28 November 2017.

Initial Public Offering (IPO) enquiries addressed to ADX’s Services Centre have also increased by 500 per cent, while the number of visits to ADX’s website grew by 60 per cent. The increase affirms ADX's commitment and continued support to companies planning an IPO, including ADNOC Distribution, which has issued an initial public offering for a minority stake in the company on ADX.

Rashed Al Blooshi, Chief Executive of Abu Dhabi Securities Exchange (ADX), highlighted the financial market's commitment to providing the required information and facilities to enhance and improve corporate listing services and facilitate the trading of diversified securities. "ADX supports ADNOC Distribution’s IPO. This step will strengthen trading activities and stimulate further IPO proposals in the future,” said Al Blooshi.

Al Blooshi stressed ADX’s ongoing commitment to develop all of its electronic and digital channels to facilitate investor access to its services, especially as 25 per cent of the participation in the IPO is coming through digital channels.

ADX will be providing services for the issuance of Investor Numbers and the amendment of investor data on Sunday, December 3rd at all ADX branches except in the Western Region.

“Listing a minority stake in ADNOC Distribution on ADX is a testament to the strong confidence in the stock exchange as a preferred financial market which offers a high competitive environment to listed companies. ADX boasts an advanced infrastructure for listing and trading across various securities, which allows individuals to invest their savings in a secure legal framework operated under strict terms of disclosure and transparency to protect their interests,” said Al Blooshi.

Al Blooshi stressed ADX’s commitment to enhancing cooperation with various listed companies in order to improve trading systems and long-term investments. This comes in line with ADX’s commitment to supporting the Abu Dhabi Plan, by developing the investment environment of the Emirate and creating a flexible competitive environment for doing business.

“ADX is continuing to develop its services for clients and listed companies in order to enhance the national investment structure and support its sustainable economic development, as part of our mission to contribute to the Abu Dhabi Economic Vision 2030. ADX is also developing and launching new strategic initiatives to increase its market capitalisation and product range, and attract a wider range of investors,” said Al Blooshi.

ADX provides integrated services to liquidity providers, market makers, and right issues. The Exchange also employs Blockchain technology in e .voting in AGMs. It also recently launched a package of digital services, to meet the requirements of disclosure and transparency, and ensure timely and direct delivery of information to shareholders and investors, within a structured governance framework to meet the needs of listed companies, shareholders, and financial analysts.


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