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ADX delegation holds meetings in Jordan

Staff Report/Abu Dhabi
Filed on March 31, 2019
ADX delegation holds meetings in Jordan

(Supplied)


Abu Dhabi Securities Exchange (ADX) has held meetings with the Amman Stock Exchange (ASE), Jordan Securities Commission (JSC), and representatives of the companies listed on ASE on the sidelines of ADX's participation in the second Arab Capital Markets Conference in Amman.

The ADX delegation held a series of meetings with the ASE to discuss issues of mutual interest. The delegation also met with representatives of companies listed on ASE to identify and highlight the opportunities offered through dual listing on ADX. The Exchange delegation also visited JSC to discuss opportunities to enhance bilateral cooperation.

Khalifa Salem Al Mansouri, acting chief executive of ADX, noted that the exchange seeks to enhance its bilateral relations and business ties with regional and international stakeholders, to showcase the investment opportunities, as well as the exchange's advanced regulatory, technical and legislative structure. He also reiterated the wide range of financial instruments, innovative services and resources available at ADX that enable investors to make sound investment decisions.

"Dual listing on ADX allows companies to access one of the world's largest financial conglomerates, as well as capital markets in the GCC and Mena region, it also enables them to benefit from a broad base of investors within a secure and stable economic and investment environment. Through dual listing on ADX, investors will be able to access more liquidity and enjoy the ease and efficiency of operations, benefiting both companies and their shareholders," he said.

ADX's participation in the second Arab Capital Markets Conference, organised by the Union of Arab Securities Authorities in cooperation with JSC, was also aimed at promoting transparency and financial innovation.

Al Mansouri further stressed ADX's commitment to improving corporate governance framework and enhancing disclosure and transparency to protect investors' rights. "The exchange continues to strive to improve financial markets' performance to make them more sustainable and transparent, with a view of encouraging long-term sustainable investments and to promote institutional disclosure practices. The move is driven by ADX's entry into the United Nations Sustainable Stock Exchanges Initiative, which aims to ensure that financial markets are more sustainable and transparent and improve the performance of listed companies at both environmental and social levels."

- business@khaleejtimes.com





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