Abu Dhabi Securities Exchange (ADX) signed a Registrar Agreement with Etihad Capital Company. The agreement was signed between Mr. Ghanem Al Dhaheri, Deputy CEO of ADX, and Mr. Khamis Buharoon Al Shamsi, Chairman and CEO of Etihad Capital, at Abu Dhabi Securities Exchange main offices in Abu Dhabi n the presence of senior staff of both parties.
Mr. Ghanem Al Dhaheri, Deputy 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”
Deputy 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,”
Mr. Khamis Buharoon Al Shamsi, Chairman & CEO of Etihad Capital said in the press release issued by ADX:” We extend our sincere thanks to Abu Dhabi Securities Exchange on the outstanding services provided by their management and the team work that facilitated the tasks and support of our agreement. Our agreement is pursuant to the decision of the Minister of Economy No. 360 for the year 2009 for record shares of private equity firms and in accordance with the decision of the Securities and Commodities Authority No. 33 for the year 2009, we choose Abu Dhabi Securities Exchange (ADX) to take advantage of the integrated services provided by the exchange to save the stock. We look forward to more successes this year through this fruitful cooperation."
