Dubai PR Network, Online Press Release from Dubai and Middle East
 
Trade & Commercial(Others)
Filter PR by
  
Abu Dhabi Securities Exchange (ADX) meets with Morgan Stanley
 

Delegation from world-class financial services discussed opportunities with ADX

Abu Dhabi, 8th July 2019:  Abu Dhabi Securities Exchange (ADX) recently met with Morgan Stanley’s Chairman & CEO MENA to discuss how to develop business relations between both entities. 

ADX carried out a tour to the Morgan Stanley delegation including which included Mr. Sammy Kayello, Chairman & CEO MENA, Mr. Gokhan Unal, Managing Director, Investment Management, and Mr. Waleed Al Rezooqi, Vice President, Investment Management. This was followed by a high-level discussion exploring opportunities between both entities.

H.E. Khalifa Salem Al Mansouri, Acting Chief Executive of ADX said, “This was a valuable introduction for ADX. Developing business relations with such a highly-experienced American multinational investment bank and financial services company as Morgan Stanley will serve to further potential cooperation to further ADX’s long-term vision. Their record speaks for itself, placed as it is within the top 10 for average six-month return from pricing on U.S. IPOs since 2014 according to recent data from Dealogic.”

H.E. Al Mansouri continued, “Our meeting with Morgan Stanley will support ADX’s strategy of bolstering its leading position in the region and further expanding its cooperation with global financial markets, as well as increasing the base of partners and investors. ADX has an ongoing programme of working with world-class entities, in order to achieve a market of high value to investors both within the region and around the globe.” 

The Morgan Stanley meeting follows on from ADX’s recent commitment to carry out a strategy to diversify investment financial instruments for investors in the market, as part of 'Ghadan 2021' plan. This approach is building a solid platform for investors by removing barriers and costs to doing business. In addition to making Abu Dhabi attractive to investors, the Ghadan 2021 plan aims to create jobs, spur innovation and improve the quality of life for its residents, while preparing to create a viable economy for a post-oil world. 

It is worthy to note that foreign net investment in ADX increased by 373% during H1 2019 in comparison to the same period in 2018 with net foreign investment climbing from AED 489 million during H1 2018 to AED 2.3 billion during H1 2019.

Net institutional investment during H1 2019 also recorded an increase of 110% compared to the same period in 2018 with AED 947 million during H1 2018 to AED 1.9 billion. By end of H1 2019 the number of investors on the Exchange reached around 969 thousand investors of which 8732 are institutional investors where 6345 of those institutions are foreign. 

Morgan Stanley, a bank holding company, provides diversified financial services on a worldwide basis. The Company operates a global securities business which serves individual and institutional investors and investment banking clients. Morgan Stanley also operates a global asset management business.


Posted by : Dubai PR Network Editorial Team
Viewed 12889 times
PR Category : Others
Posted on : Monday, July 8, 2019  2:35:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Abu Dhabi Securities Exchange Finalists for Smart City Middl...
Next Story : Commodity focus returns to US-China trade tiff
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Discover FILORGA's High Protection Suncare Solution [4383-Views]
The SPA at Palazzo Versace Dubai Launches Two Unique Facials in Collaboration with BABOR [4063-Views]
Tonda: Watches to Celebrate Every Woman's Wrist* [3813-Views]
Experience Spring Scents with BALMESSENCE [3464-Views]
Celebrity Makeup Artist Hindash Reveals Hindash Cosmetics [3272-Views]
Tanagra Celebrates Its 40th Anniversary Across The Middle East [2911-Views]
Sony Launches FX3 Full-Frame Camera with Cinematic Look and Enhanced Operability for Creat... [2903-Views]
Dubai Health Authority holds Virtual Forum to Mark UAE Innovates 2021 [2788-Views]
HONOR Watch ES: The Wellness Advisor [2694-Views]
International Women's Day Make-up Picks from CATRICE Cosmetics [2612-Views]
Don't Forget Your Mask, Even if You're Vaccinated, Says SEHA [2550-Views]
The Power of Choice: Potent New Defender V8 and Exclusive Special Editions Join the Range [2522-Views]
Tide and Ariel to Donate a Million Antivirus Washes to Frontliners in Hospitals Across Sau... [2435-Views]
EEG hosts the Can Collection Day - 1500 Kgs of Aluminium Cans was recycled [2427-Views]
5 Bag Trends to take over 2021 - Steve Madden [2280-Views]
Night Fever: Jaguar Racing Ready for Season Seven of Formula E Under the Lights in Saudi A... [2251-Views]
Splash Launches Sustainable Basic Collection for Everyday Look [2198-Views]
Now Open: AKA; The Immersive Japanese Lounge and Show Nighterie [2189-Views]
Emirates Restarts Flights to Newark via Athens [2144-Views]
Jaguar Racing Welcomes Micro Focus as Official Technical Partner to Accelerate Performance... [2087-Views]
COVID-19 Cash Burn Continues -Urgent Preparations for Restart- [2083-Views]
FEASTIVAL by Festival Plaza Launches With 25,000 AED Worth of Prizes This March [1952-Views]
Happy Mother's Day with Toric Fleur [1939-Views]
COVID-19 Has Changed the It Spending Priorities for Airports and Airlines in 2020 [1898-Views]
Etisalat's Board of Directors Proposes a Record Total Dividend Per Share for the Year 2020... [1857-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories