GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share

Delegation from world-class financial services discussed opportunities with ADX

Abu Dhabi, 8th July 2019:  Abu Dhabi Securities Exchange (ADX) recently met with Morgan Stanley's Chairman & CEO MENA to discuss how to develop business relations between both entities. 

ADX carried out a tour to the Morgan Stanley delegation including which included Mr. Sammy Kayello, Chairman & CEO MENA, Mr. Gokhan Unal, Managing Director, Investment Management, and Mr. Waleed Al Rezooqi, Vice President, Investment Management. This was followed by a high-level discussion exploring opportunities between both entities.

H.E. Khalifa Salem Al Mansouri, Acting Chief Executive of ADX said, “This was a valuable introduction for ADX. Developing business relations with such a highly-experienced American multinational investment bank and financial services company as Morgan Stanley will serve to further potential cooperation to further ADX's long-term vision. Their record speaks for itself, placed as it is within the top 10 for average six-month return from pricing on U.S. IPOs since 2014 according to recent data from Dealogic.”

H.E. Al Mansouri continued, “Our meeting with Morgan Stanley will support ADX's strategy 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. ADX has an ongoing programme of working with world-class entities, in order to achieve a market of high value to investors both within the region and around the globe.” 

The Morgan Stanley meeting follows on from ADX's recent commitment to carry out a strategy to diversify investment financial instruments for investors in the market, as part of 'Ghadan 2021' plan. This approach is building a solid platform for investors by removing barriers and costs to doing business. In addition to making Abu Dhabi attractive to investors, the Ghadan 2021 plan aims to create jobs, spur innovation and improve the quality of life for its residents, while preparing to create a viable economy for a post-oil world. 

It is worthy to note that foreign net investment in ADX increased by 373% during H1 2019 in comparison to the same period in 2018 with net foreign investment climbing from AED 489 million during H1 2018 to AED 2.3 billion during H1 2019.

Net institutional investment during H1 2019 also recorded an increase of 110% compared to the same period in 2018 with AED 947 million during H1 2018 to AED 1.9 billion. By end of H1 2019 the number of investors on the Exchange reached around 969 thousand investors of which 8732 are institutional investors where 6345 of those institutions are foreign. 

Morgan Stanley, a bank holding company, provides diversified financial services on a worldwide basis. The Company operates a global securities business which serves individual and institutional investors and investment banking clients. Morgan Stanley also operates a global asset management business.



Posted by : GoDubai Editorial Team
Viewed 4728 times
Posted on : Monday, July 8, 2019  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Abu Dhabi Securities Exchange Finalists for Smart City Middle East Awards
Next Story : Commodity focus returns to US-China trade tiff
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
A touch of elegance with Al Asel
Introducing Pestle & Mortar
Glamorous Gilda for elegant lady'
The art of knurling
Tag Heuer Launches Limited Edition Green Aquaracer in the Kingdom of Saudi Arabi...
Nikon ME Launches Film Festival - Cinema Z
Titan Watches unveils new ‘Create Your Moment' campaign
Versus Saint Germain
Protect your Hair with the New Hair Care Range from Color WOW.
CORUM announces Hu Bing as its new Global Brand Ambassador
Compact, yet spacious, Kia Pegas sedan to be sold in the UAE for the first time
Admiral AC-One 45 Chronograph Bronze
Union Coop Signs a contract with AL Aber contracting to construct Umm Al Quwain ...
Midi Moment
As Official Timekeeper of the 2020 IIHF Ice Hockey World Championship, Tissot st...
Burberry Beauty reveals its runway make-up look, inspired by the September 2020 show
Beauty beyond time OMEGA's fine jewellery collection
Skin Care+ an Intensely Nourishing Range
General Civil Aviation Authority launches 2nd edition of Global Investment in Av...
Epson partners with Tenaui to participate in Xposure photography festival
Al Yousuf Motors hosts the UAE debut of the new MG5
Spring/Summer 2020
'Al Wahda Mall to welcome THE DEAL'
UAE-based investors to develop 5 Economic Zones in Bangladesh
Planetarium show by Lulu Group at Mushrif Mall this weekend
Epson launches world's smallest 3LCD laser projector in the region
GITEX Technology Week and GITEX Future Stars to show how next-gen technologies a...
Bee My Love – Cocktail Rings
Redtag's ‘just My Mood' Sleepwear Collection
Twelve Majid Al Futtaim shopping malls to participate in 11th annual ‘Feel the B...
MoHAP Organizes in Cooperation with Majid Al Futtaim an Awareness Campaign on th...
Emirates Steel to participate in the first Saudi International Iron & Steel Conf...
Year of Tolerance Art Exhibition by 2XL Furniture & Home Décor Opens with a Gran...
Mintsa: Successfully launching in the UAE
UAE investors set to inject US$10 billion into Bangladesh economy
Turkish Airlines named 2020 Five Star Global Airline at APEX Awards
Dubai FDI delegation promotes Dubai in Denver
BMW at the IAA Cars 2019 in Frankfurt
The Rack by Kachins Presents PS20
Al Qemzi Keeps Team Abu Dhabi on Course for Quadruple World Title Success
The Trench Coat and Mac Edit
Educational Events of Mohammed bin Rashid Space Centre (MBRSC) and Japan Aerospa...
GEMS Education finds a way on how to effectively prepare when your child flees t...
Ginger signs a new hotel in Candolim, GOA
Nursery to go paperless for a week as a mark of respect to the burning Amazon
Saxophone night with a view!
ENEC and TENEX renew MoU
October Specials at Le Meridien al Aqah
Materials Handling Middle East racks up 12% visitor turnout for 10th edition
GEMS Cambridge International Private School Sharjah welcomes 840 students and 60...