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Abu Dhabi Securities Exchange (ADX) Chief Executive Rashed Al Blooshi said that ADX managed to implement a solid strategy that is a roadmap to highlight the path of ADX projects for the coming years in order to achieve the Exchange’s goals through relying on solid foundations and strong pillars.
Al Blooshi’s remarks came while chairing the first session of the annual conference of the Securities and Commodities Authority (SCA) which focused on The Role of Financial Markets in Building an Economy Based on Knowledge, Innovation, and Happiness.
“ADX’s commitment to promote financial stability and growth in the Emirate by maintaining the highest standards of practice in financial services inspired us to introduce a number of innovations during the past few years which are in alignment with Abu Dhabi government drive to achieve a sustainable, resilient, diversified and knowledge-based economy. For instance, ADX was the first financial market in the MENA region to adopt Blockchain technology,” said Al Blooshi.
“ADX Blockchain eVoting Service will allow the concerned parties to directly connect and monitor voting in any Annual General Meeting (AGM). This digital service will save time, cost, and effort. It will also add to the vitality of the AGMs through high attendance and interaction with the decisions. It is considered an effective way to interrelate via safe internet connections from anywhere in the world. ADX Blockchain eVoting Service will enable a company’s shareholder to access reports and statements relevant to the AGM, whether for candidates for the Board or quorum for voting - among other decisions and other information by means of their smart devices.” ADX Chief Executive added
“We have invested in more than 14 innovations during the past two years, including the interactive smart kiosk SAHMI that allows investors to obtain an investor number in less than 60 seconds. Furthermore, it allows investors to modify their data and obtain printed financial reports and bills – in addition to electronic payments covering 24 hours,” added Al Blooshi.
ADX Chief Executive reiterated: “ADX is committed to creating a business environment that is both competitive and flexible. Accordingly, adoption of innovative technologies in our projects comes in alignment with the digital transformation of Abu Dhabi’s government services as we constantly strive to introduce new ways that ease the process of doing business in the Emirate. These efforts comply with the governmental initiatives that strengthen the culture of innovation – in line with Abu Dhabi Economic 2030 vision.”
