Market Value of Shares Owned by Foreign Nationals in Abu Dhabi Securities Exchange Equals 44.6 Billion Dirhams

Market Value of Shares Owned by Foreign Nationals in Abu Dhabi Securities Exchange Equals 44.6 Billion Dirhams

The market value of shares owned by foreign nationals in Abu Dhabi Securities Exchange (ADX) has reached 44.6 billion Dirhams by August 2016, an increase of 11% compared to the same period of last year according to Mr. Rashed Al Blooshi, Chief Executive of ADX.
 
The Value represents 10% of total market capitalization of companies listed on ADX, which equaled 441.6 billion Dirhams; 31.2 billion Dirhams for non-Arab investors, 11.1 billion Dirhams for GCC investors, and 2.3 billion Dirhams for general Arab investors.
 
“Foreign liquidity has been in constant flow to our market since the beginning of the year, which reflects the confidence in the investment opportunities available in Abu Dhabi,” said Al Blooshi. According to Mr. Al Blooshi, the ADX Price/Earnings Ratio (P/E ratio) reaches 12 times, which represents the attractive investment opportunities available on the Exchange.
 
“This reflects the continuous growth potential and minimal business risks that ADX companies’ have to offer,” he added. The banking, real-estate and telecommunications sectors remained the most attractive for investors due the high gains in investments each year. The foreign owned shares in these sectors reached 25% of total ownership. So far, foreign nationals own more than 8 billion shares in the banking sector alone. Cash dividends for the three sectors equaled 20.5 billion Dirhams in 2015 representing 93% of total cash dividends in ADX (22 billion Dirhams).
 
Etisalat, First Gulf Bank, National Bank of Abu Dhabi, and Abu Dhabi Commercial Bank topped the list of companies enjoying the highest cash dividends with 16.14 billion Dirhams, equaling 73% of total cash dividends in ADX.
 
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