Abu Dhabi Securities Exchange (ADX) has commenced its 2024 Global Investor Roadshow and Conference in New York, in collaboration with Morgan Stanley. The event, held on May 20 and 21, aims to connect ADX-listed companies with major institutional investors and portfolio managers based in New York.
The ADX delegation, led by chairman Ghannam Butti Almazrouei and CEO Abdulla Salem Alnuaimi, includes CEOs, CFOs and senior executives from 15 of ADX’s most prominent listed companies. Representing a combined market capitalization of over $228 billion, these companies span key growth sectors in the UAE’s dynamic economy.
The companies attending the roadshow include Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, ADNOC Distribution and Abu Dhabi Ports. Moreover, ADNOC Drilling Company, ADNOC Gas, ADNOC Logistics & Services and Aldar Properties will also participate. In addition, Bayanat, Al Yasat, Borouge, Burjeel Holdings, EMSTEEL Building Materials (Emirates Steel Arkan), Fertiglobe, and First Abu Dhabi Bank will also attend the roadshow.
Shaping the future of capital markets
ADX and its top 15 companies will be sharing in-depth details and insights into their market performance. Moreover, they will discuss topics that shape the future of capital markets, including sustainable financing, investment decisions in the Middle East, and the integration of ESG and AI investment strategies.
“With ADX at the core of Abu Dhabi’s financial hub, the investor outreach in New York is part of ADX’s ongoing efforts to heighten awareness of Abu Dhabi’s capital market,” stated Alnuaimi.
Hence, ADX aims to advance the UAE’s vibrant and diverse economy through strategic channels. Moreover, the roadshow will support more investors in better understanding and accessing the attractive investment options and opportunities in Abu Dhabi. Furthermore, it is a platform to enhance the exchange’s cross-border network, companies and investors in their long-term growth and development strategies.
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ADX’s remarkable growth
ADX has seen significant growth in innovation and investor engagement. In 2023, ADX raised over $5.6 billion in IPO proceeds, accounting for 56.3 percent of the total proceeds in the region. Moreover, the exchange offers a diverse range of securities products and services, including 97 companies, 13 exchange-traded funds (ETFs), and derivatives. ADX has been the most active and liquid ETF market platform in MENA, with trading values reaching $1.4 billion in 2023, a 160 percent increase from the previous year. This dynamic growth has contributed to a robust market capitalization of $765 billion.
More than 19,000 institutional investors have registered on ADX, with nearly 43 percent of them being international investors. This reflects ADX’s global reach and its appeal to foreign investors.
Moreover, as a member of the UN’s Sustainable Stock Exchanges initiative, ADX promotes sustainable business practices among its listed companies. The FTSE ADX ESG index, which the exchange launched in 2023, helps companies and investors meet their sustainability goals by providing reliable ESG data. ADX’s U.S. partners include ICE Global Network, Nasdaq, and the New York Stock Exchange, enhancing its international collaboration and market presence.
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