The roadshow comes in line with ADX strategic plans of engaging with potential new investors, fund managers, asset management, and investment management companies to showcase the various investment opportunities and prospects available in ADX and its listed companies and also showcase the strong economic growth of the Emirate of Abu Dhabi.
During the event, ADX Chief Executive, Mr. Rashed Al Balooshi, delivered a presentation where he highlighted ADX’s strategy, current operations, and future development of the exchange. Al Balooshi also addressed in his presentation the standing of the Emirate of Abu Dhabi as a regional and global financial centre offering vast investment opportunities.
The event attracted considerable interest from fund managers and investment firms located in Hong Kong and Singapore, thus providing a platform for ADX companies to showcase their growth opportunities and future development strategies. The Far East roadshow follows similar campaigns organized by ADX in London and New York earlier this year which saw tremendous turnout from diversified financial institutions.
Speaking about the roadshow, Mr. Rashed Al Balooshi, Chief Executive of ADX said: “The roadshow helped ADX reinforce its relations with managers of international funds, who in turn had the opportunity to identify prospects and opportunities for investing in our listed companies. ADX offers investors broad investment opportunities through its listed companies who represent a wide range of sectors and prosper through high growth and sustainable economic environment.”
“The increasing interest from a broader investor audience will further strengthen ADX’s position globally consequently creating an attractive climate for local, regional and global investment flows, especially after ADX upgrade to an emerging market by Morgan Stanley Capital International “MSCI” and Standard & Poor’s, Dow Jones in June and September of this year respectively.” Al Balooshi added It is worth mentioning that the roadshow has been strongly welcomed by the companies joining ADX on the roadshow where representatives of those companies praised the results which have been achieved, stressing the roadshow’s importance as an ideal platform to display their company’s strategies and future initiatives.
ADX has 65 listed companies spreading over nine economic sectors with a market capitalization of AED 511 billion by the end of September 2014.