ADX holds annual forum for listed firms

Abu Dhabi / Emirates Business

As part of its efforts to strengthen communication channels and build strategic partnerships with listed companies, the Abu Dhabi Securities Exchange (ADX), the region’s leading financial market recently held its annual forum for its listed companies at the Rosewood hotel in Al Maryah Island, Abu Dhabi. Later in the year, ADX will organise another forum targeting listed companies in the northern emirates. The forum was attended by Rashed Al Blooshi, Chief Executive of ADX, representatives from ADX’s listed companies as well as members of ADX senior management.
The forum aimed to introduce and keep partners up-to-date with the latest services and mechanisms, designed by ADX, to support listed companies’ compliance with the disclosure and transparency requirements of the market.
Rashed Al Blooshi stressed ADX’s commitment to developing frameworks for effective joint coordination with companies listed on the market and various related parties in order to improve trading systems and long-term investment savings. ADX is also dedicated to ready the companies to meet the requirements of disclosure and transparency, which come within the framework of ADX’s commitment to support the Abu Dhabi Plan, by developing and strengthening the investment climate of the Emirate and creating a flexible competitive environment for doing business.
Al Blooshi said: “Abu Dhabi Securities Exchange (ADX) is continually developing the services it provides to listed customers and companies, and continues its efforts to develop and launch strategic initiatives aimed at increasing market value and products in order to attract and leverage a wider range of investors. This is done in order to enhance the Nation’s investment structure and support its sustainable economic development, as part of ADX’s mission to contribute to Abu Dhabi Economic Vision 2030.”
The Forum discussed the methodology adopted by ADX in terms of financial disclosures and the significant results achieved by its listed companies, which recorded a rise in net profit during the second quarter of 2017 by 10.73% compared to the same period of 2016.