The new award emphasizes Abu Dhabi Securities Exchange’s keenness to align its organizational practices with those of the international financial markets, in addition to the Exchange’s keenness to develop the financial services sector in the Emirate as part of its commitment to Abu Dhabi Plan program which is geared toward achieving a financial system that supports the overall development process in the Emirate. The award also indicates the Middle East Excellence Awards Institute’s recognition of the achievements that the Exchange has made with respect to its contribution to the reinforcement of the capital market’s abilities in the UAE.
It is worth mentioning that Abu Dhabi Securities Exchange has previously won the Most Innovative Exchange GCC 2015 Award The said award, which is granted annually by Capital Finance International, was presented to ADX in recognition of the substantial achievements that the Exchange has made over the last years with respect to innovation which is given huge priority in the Exchange’s work strategy.
The Middle East Excellence Awards Institute honors the winning visionary institutions and personalities on an annual basis in recognition of their remarkable achievements and contribution to the enrichment of the investment intellect and the introduction of initiatives that helped achieve tangible results with respect to supporting the financial markets and helping them keep up with the latest global developments. The winners are selected based on nominations by the experts, as well as on the basis of the Award’s specific standards that are approved by the Institute in this regard.
Moreover, according to a report that was issued by the Arab Monetary Fund, Abu Dhabi Securities Exchange performance was the best of all other exchanges in the Gulf Cooperation Council’s countries in 2015. The Exchange’s index reported a decline of 4.9% during the year, whereas foreign national’s transactions at Abu Dhabi Securities Exchange reached its highest point compared to other Arab exchanges according to the same report. The total value of foreign national’s total trading value reached 28.7 billion dirhams and the net foreign investment reached 5.8 billion dirhams, indicating an increase by 65% compared to the year before.