Abu Dhabi Securities Exchange Aggressive To Align With AD Economic Vision 2030 - The Vision Has Helped The Exchange To Better Define Its Role

“The crucial role played by Abu Dhabi Securities Exchange (ADX) as a fundamental driver for economic activities has been better refined through the objectives set by Abu Dhabi’s Economic Vision 2030,” Rashed Al Baloushi, ADX’s Deputy Chief Executive, told the audience at the Abu Dhabi Outlook Summit today in Abu Dhabi.

“With the vision placing us at the forefront of the economic development process, aligning our priorities with that vision was only natural, whereas ADX is now more accountable for providing the necessary investment vehicles and financial instruments necessary for corporate growth in the emirate,” he explained.

The summit which is taking place on 2nd – 3rd November, is dedicated to discussing the available opportunities to recover from the global economic crisis, and building Abu Dhabi as a regional capital.

“Our focus at ADX is to build an open, efficient, effective and globally integrated business environment, hence our deep concern to apply the best international practices whenever possible, and that includes facilitating the investment process and enhancing transparency,” Rashed said. ,

“It is also imperative to increase the participation of institutional investors as the case is in most developed markets, where individual investors play a less obvious role in market activities compared to the region,” he added.

The Deputy Chief Executive also explained that “the roles set for an exchange in economic development include facilitating corporate growth, raising capital for business expansion, creating investment opportunities, mobilizing savings for investment and hence redistribution of wealth, and these are now the major objectives for ADX.”