Chief Executive of Abu Dhabi Securities Exchange (ADX), Rashed Al Blooshi, said that one of the strong points in the creation of a long-term roadmap for economic progress for the Emirate comes in the establishment of a common framework aligning all policies and plans and fully engaging the private sector in their implementation”
Al Blooshi reiterated that ADX strategy is aligned with Abu Dhabi Economic Vision 2030 which emphasizes on enabling financial markets to become the key financiers of economic sectors and projects as part of Abu Dhabi’s Seven Areas of Ongoing Economic Policy Focus in the Vision.
“ADX has an important part to play to ensure that Abu Dhabi is a sustainable, diversified economy, through improving the investment climate in the Emirate and creating a business environment that is both competitive and flexible. In addition, ADX always seeks new opportunities in creating new financial instruments ADX Chief Executive said
ADX is expanding its offerings of digital services for its investors and stakeholders which is aimed towards attracting future opportunities and building a knowledge-based economy to support the strategic objectives of the Abu Dhabi Plan. The next phase for ADX will see more attempts to attract liquidity and institutional investments to the Exchange.
As ADX wants to stay at the forefront of technology to enable better service for its investors and stakeholders, ADX, during its participation at the GITEX Technology Week 2016, showcased a range of digital achievements and innovations that included the Exchange’s Blockchain eVoting application, the first of its kind for a financial market in MENA region, which utilizes the technologies of the Internet, Smart Phones, and real-time Bio-metric Identity Verification to provide a ‘bulletproof’ eVoting Management Solution.
This digital service will save time, costs and efforts and will add to the dynamism of the AGMs through high attendance and interaction with the decisions. It is also considered an effective way to interact via safe internet from anywhere in the world, that is by extracting investors’ data in the country and its UAE ID and biometrics electronically.
ADX also highlighted those digital achievements during its participation in roundtable discussions for Fujian investment Forum and Chongqing investment Forum in China. ADX is considered one of the best stock markets in the region in terms of return on investment with 62 out of 66 ADX listed companies open to foreign investors.
