Published On: Tue, Nov 11th, 2014

ADX concludes Far East road-show

ADX concludes Far East road-show

ADX concludes Far East road-show

Abu Dhabi Securities Exchange (ADX) has concluded its Far East road-show which was held last week in Singapore and Hong Kong respectively.

The road-show comes in line with ADX strategic plans of engaging with potential new investors, fund managers, asset management, and investment management companies to showcase the various investment opportunities and prospects available in ADX and its listed companies and also showcase the strong economic growth of the Emirate of Abu Dhabi.

ADX Chief Executive, Rashed Al Balooshi, gave a presentation highlighting ADX’s strategy, current operations, and future development of the exchange including shedding light on the standing of the Emirate of Abu Dhabi as a regional and global financial centre offering vast investment opportunities.

The event attracted considerable interest from fund managers and investment firms located in Hong Kong and Singapore, thus providing a platform for ADX companies to showcase their growth opportunities and future development strategies.

The Far East road-show follows similar campaigns organized by ADX in London and New York earlier this year which saw tremendous turnout from diversified financial institutions.

Speaking about the road-show, Rashed Al Balooshi, Chief Executive of ADX said: “The road-show helped ADX reinforce its relations with managers of international funds, who in turn had the opportunity to identify prospects and opportunities for investing in our listed companies. ADX offers investors broad investment opportunities through its listed companies who represent a wide range of sectors and prosper through high growth and sustainable economic environment.” “The increasing interest from a broader investor audience will further strengthen ADX’s position globally consequently creating an attractive climate for local, regional and global investment flows, especially after ADX upgrade to an emerging market by Morgan Stanley Capital International “MSCI” and Standard & Poor’s, Dow Jones in June and September of this year respectively,” he added ADX has 65 listed companies spreading over nine economic sectors with a market capitalization of AED 511 billion by the end of September 2014.

Source : WAM News Agency for United Arab Emirates

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