The visit follows on from H.E. Khalifa Al Mansouri’s own visit to the Shanghai Stock Exchange (SSE) in July, which was aimed at identifying and exploring cooperation opportunities for investors and business for both exchanges.
Commenting on the importance of the visit, H.E. Khalifa Salem Al Mansouri – ADX Chief Executive said: “This partnership will be the driving force behind a bullish and buoyant trading environment, fully aligned with Abu Dhabi’s extensive economic diversification strategy. This comes at a time of resurgence for Abu Dhabi’s Exchange, which index up 3.7% since the beginning of this year. We have distributed more than AED 25 billion in cash dividends to 572,774 eligible investors – representing an increase of 6,95% compared to last year. Net institutional investment from the beginning of January till the end of August this year increased by 93% to reach to AED 2.6 billion in comparison to AED 1.4 billion for the same period in 2018. We are delighted that SSE have recognised the value of ADX as a leading and influential Exchange. Crucially, the deepening of ties between both ADX and SSE will boost the capabilities of both Exchanges and lead to increased global investor confidence in our developing and maturing economy and region.”
The visit focused on how to enhance mutual trust and promote cooperation between SSE and ADX, with many topics framing the comprehensive strategic partnership between the two Exchanges discussed. Firstly, the two teams started with a comparison of regulatory experience and insurance services. Following that, the team of experts from both Exchanges explored product cross-listing possibilities, outlining how this creates opportunities to attract capital while providing greater market visibility. Sharing clearing and settlement experience were also topics on the meeting agenda, as well as the creation of additional investment opportunities. Additionally, ADX and SSE are considering the possibility of developing a joint compilation index, as they evaluate the benefits brought by the various liquidity enhancement schemes.