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ABU DHABI / WAM
The Abu Dhabi Securities Exchange (ADX) met with an executive delegation from Morgan Stanley to discuss how to develop business relations between both entities.
Khalifa Salem Al Mansouri, Acting Chief Executive of the ADX, said, “This was a valuable introduction for the ADX. Developing business relations with such a highly experienced American multinat- ional investment bank and financial services company such as Morgan Stanley will serve to improve potential cooperation to further the long-term vision of the ADX.”
“Our meeting with Morgan Stanley will support the strategy of the ADX of bolstering its leading position in the region and further expanding its cooperation with global financial markets, as well as increasing the base of partners and investors,†he added.
The Morgan Stanley meeting follows the ADX’s recent commitment to carry out a strategy to diversify financial instruments for investors in the market, as part of the “Ghadan 21†plan. This approach aims at building a solid platform for investors by removing barriers and costs of doing business.
Foreign net investment in ADX increased by 373 perce-nt during H1 2019 in comparison to same period in 2018, with net foreign investment climbing from AED489 million during H1 2018 to AED 2.3 billion during H1 2019.