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Abu Dhabi Securities Exchange (ADX), the region's leading financial market will host its annual forum for Abu Dhabi’s listed companies on Tuesday, October 24th, at the Rosewood Hotel on Al Maryah Island.
The Forum, which will be held for the first in Abu Dhabi for the year 2017, comes as part of ADX’s objectives towards strengthening and developing its strategic partnerships with listed companies, as well as keeping partners up-to-date with the latest services and mechanisms offered by ADX- which makes it easier to keep them abreast of developments related to the Exchange. Later in the year, ADX will organise another forum targeting listed companies in other emirates.
During the Forum, ADX’s Listed Companies Affairs Department will deliver a presentation on the latest digital services that have been developed for listed companies. These services have been designed to meet the requirements of disclosure and transparency and ensure the prompt delivery of information to shareholders and investors within a transparent governance framework and sound business practices. This comes as part of ADX’s commitment to support the Abu Dhabi Plan, develop the financial services sector in the Emirate, and diversify the channels and methods of communication with customers by offering leading digital platforms and solutions.
Among the services to be presented during the Forum are updates to the electronic disclosure system (E-Service) of listed companies which include: added new fields to be linked with the reports list and introducing a new procedure in case of error disclosure. In case of error in disclosure, companies will be notified and will have the chance to amend it, without the full refusal of disclosure as previously done.
Representatives from ADX’s Clearing & Settlement Department, Market Operations & Surveillance Department, and Information Technology Department will also deliver a comprehensive presentation on the wide range of services and updates being made available to listed companies in particular and investors in general. These services aim to provide opportunities to invest savings and funds in securities, ensure soundness and accuracy of transactions, as well as derive interaction between demand and supply.
During the forum, ADX will honor the first five listed companies that disclosed their financial statements within the set period of time for the second and third quarters of this year.
