.jpg)
Abu Dhabi Securities Exchange denied the claims circulating in some media outlets that it plans to investigate trading in Al Dar and Sorouh shares. The unfounded rumors of an investigation allege a suspicious price movement of both companies’ shares prior to their mutual public statement of merger talks.
CEO of Abu Dhabi Securities Exchange Mr. Rashed Al Baloushi said in an official statement that ADX carries out daily routine checks on all share trading activities through highly sophisticated electronic surveillance systems which can detect any instance of share-trading violations.
Mr. Al Balosuhi also reiterated that the exchange does not perform any investigations unless it was highly confident that trading laws have been violated, which did not happen in the case of Al Dar and Sorouh share trading.
