Abu Dhabi Securities Exchange (ADX) has concluded a Registrar Agreement with Al Benaa Real Estate Investment. The agreement was signed between Mr. Rashed Al Baloushi, CEO of ADX, and Mr. Hamad Saif Al Mansouri, Chairman of Al Benaa Real Estate Investment in Abu Dhabi in the presence of senior staff of both parties.
Mr. Rashed Al Baloushi, CEO of ADX said in an ADX official press release “This agreement is a significant move that will generate the opportunity for investors to trade in company stocks due to the availability of an official market record established under the terms of this agreement. ADX is obligated to provide an electronic stock-saving system for transferring stock ownerships in the company in accordance with UAE financial laws”
CEO of ADX concluded by saying:” ADX looks forward to providing all the necessary services and meet all the requirements in accordance with the finest standards available in capital markets. We hope that this agreement will help us move closer to achieving our goals in line with the Abu Dhabi Economic Vision 2030,”
From his side, Mr. Hamad Saif Al Mansouri, Chairman of Al Benaa Real Estate Investment Chairman, said that he looks forward to promoting the new partnership with ADX and discovering more opportunities to enhance capabilities in meeting customer and investor needs.