Abu Dhabi’s ADX opens new trading floor to advance its ambitious growth plans

By Shilpa Annie Joseph, Desk Reporter
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ADX
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HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Member of Abu Dhabi Executive Council and Chairman of the Abu Dhabi Executive Office, has officially opened the new trading floor at Abu Dhabi Securities Exchange (ADX).

The opening of the trading floor at ADX’s new headquarters coincides with the unveiling of the exchange’s new brand, which reinforces the exchange’s ADX One strategy to increase liquidity and double market capitalization over the next three years.

The ADX One strategy, which was announced at the beginning of the year, consists of 22 major projects aimed at boosting the listing pipeline, improving corporate governance, and introducing innovative products and services that satisfy the needs of issuers and global investors.

During the inaugural function, Sheikh Khaled emphasized the importance of ADX’s growth as a vehicle for long-term funding and an economic diversifier.

Mohamed Ali Al Shorafa Al Hammadi
Mohamed Ali Al Shorafa Al Hammadi
Chairman – ADX

“After 20 years of operation, ADX has reached a new stage of growth as demonstrated by the robust growth in market capitalization, more sophisticated products and services, and a strong pipeline of listings. ADX’s new visual identity represents its position today as the second-largest exchange by market capitalization in the region, while the new location provides a state-of-the-art platform to advance the exchange’s ambitious growth strategy and support Abu Dhabi Government’s vision for a fully diversified economy.”

Mr. Saeed Hamad Al Dhaheri, Chief Executive of ADX said, “We are pleased to reveal ADX’s new brand, which represents our forward momentum and dynamism as a rapidly transforming exchange. The modern look and feel of the new ADX trading floor are in line with its investments in modern infrastructure and market technology. The streamlined style of the new logo symbolizes the market’s role as a link to regional and international capital markets.”

”And nowhere is this dynamism more evident than in our new premises, which houses some of the latest market technologies. Our new location has been designed to ensure a seamless experience for anyone looking to invest or list on the ADX,” Mr. Al Dhaheri added.

Related: Dubai International Chamber board discusses new strategies to enhance foreign trade


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