ADX Wins 'Bridge of Excellence' Award at AmCham 8th Excellence Awards

Press release

Published January 31st, 2018 - 11:49 GMT

"We are honored to be recognized with such a prestigious award." - Rashed Al Blooshi, CEO of ADX

Abu Dhabi Securities Exchange (ADX), the region's leading financial market, was recognized with the Bridge of Excellence Award at AmCham Abu Dhabi’s 8^thExcellence Awards which took place on Friday, January 26 at Rosewood Hotel Abu Dhabi.

The award recognizes an organization that bridges the gap in bilateral trade relations and demonstrates a commitment to cross-border business alliances or joint ventures between the U.S. and UAE.

Commenting on the award recognition, Chief Executive of ADX, Rashed Al Blooshi, said, "We are honored to be recognized with such a prestigious award. Since ADX inception, we have been holding annual roadshows in the United States in order to provide American investors with the best investment opportunities available in the MENA region. Due to its commitment to the U.S. investors, ADX currently has more than 3,800 American investors on the exchange with American investors ranked in the first place among non-U.A.E. nationals in terms of market value of shares since 2015 and their total trading value (buy and sell) exceeded AED 7 billion with a net investment of around AED 1.5 billion by the end of 2017. ADX is also a host to 2157 American asset management companies, among which are the 25 biggest asset management companies in the world in terms of Assets Under Management.”

“ADX is always keen to partner with other business-oriented organizations to demonstrate the benefits of capital market investments. AmCham Abu Dhabi is an important networking organization for American businesses and we thank them for providing us with the opportunity to partake in this award.” Al Blooshi added.

ADX Chief Executive reiterated: “ADX offers such an attractive investment opportunity in virtue of the stable economic and legislative structure in which it operates. In Abu Dhabi we are fortunate to have the high growth investment opportunities afforded by a developing economy whilst also providing investors with the security of a regulatory environment similar to those found in more established markets with ADX offering one of the highest cash dividend yields in the world with around 5.3%.”

Sharief Fahmy, AmCham Abu Dhabi Chairman, commended ADX on its efforts to bolstering cross-border business alliances between the U.S. and UAE. “AmCham Abu Dhabi is proud to have ADX, the region's leading financial market, commit to the American investment industry by providing a platform for American investors to trade in the region. Having such a platform not only allows American investors to reach previously untapped markets, but it also leads to a stronger commercial relationship.”

The AmCham Abu Dhabi Excellence Awards Gala is a celebration of the most distinguished companies, institutions and entrepreneurs in Abu Dhabi. The awards reflect the contributions of best-in-class American and Emirati individuals and organizations to business in the UAE and U.S.-UAE commercial relations.

Background Information

Abu Dhabi Securities Exchange

Abu Dhabi Securities Exchange (ADX) was established on 15th of November 2000 by Local Law No. (3) of 2000, the provisions of which vests the Market with a legal entity of autonomous status, independent finance and management, and gives ADX the necessary supervisory and executive powers to exercise its functions.

Moreover, ADX has the authority to establish centers and branches outside the Emirate of Abu Dhabi, and so far it has done so in Al Ain, Zayed City, Fujairah, Ras Al Khaimah and Sharjah.

ADX's board of directors is comprised of seven members nominated by Amiri Decree. The members of the board hold office for a term of three years. The first board of directors was constituted by Amiri Decree No. (8) of 2000.