Abu Dhabi Securities Exchange (ADX) concluded yesterday its second roadshow of the year from 2nd – 4th of June with a delegation to London comprising 60 senior representatives of asset management and investment management companies that manage assets with an estimated value of 45 billion dollars. The aim of the visit was to engage with potential new investors, fund managers, asset management and investment management companies, as well as high end investors to demonstrate the range of opportunities, as well as to provide an insight into the operations and future development of ADX. Sheikh Mohammed bin Maktoum bin Rashid Al-Maktoum, First Secretary at the UAE Embassy in London, gave an opening speech at the beginning of the roadshow which was held at the Grosvenor House Hotel in London.
“We have much to offer new investors from the UK.” said Mr. Rashed Al Balooshi, CEO of ADX. “International institutions are increasingly recognizing the quality and diversification of investment opportunities provided by ADX listed companies, the roadshow in London is a great outcome of ADX’s extensive efforts over the past years to support listed companies in further preparing to deal with more diversified and demanding international investors.”
“The companies participating represent a good cross section of the ADX. We are now seeing increasing interest in the region from investors in the UK, and this roadshow is intended to boost this trend,” he added.
Mr. Al Balooshi was accompanied by, Mr. Hamad Al Ali Head of Market Operations and Surveillance at ADX and Seven ADX listed companies, including National Bank of Abu Dhabi, Abu Dhabi Commercial Bank, Aldar Properties, Dana Gas, First Gulf Bank, Agthia, and RAK Bank. The delegation also visited London Stock Exchange Market and rang the opening bell.
As of the end of 2013, there were 65 companies listed on ADX, with a combined market capitalization of $122 billion. Over 51 billion shares were traded in these companies in 2013, with a trading value of $23 billion.
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