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 : DubaiPRNetwork.com Editorial Team
Viewed 23821 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
 
 
Most Viewed Press Release posted in the last 7 days
Catrice Unveils the Spring/Summer 2024 Collection: Introducing Shine Bomb Lip Lacquer! [25071-Views]
Unleash Your Inner Royalty with “Call me Queen” Dramatic False Lash Effect Mascara by esse... [24957-Views]
Pogačar takes second victory in a row at Giro D'Italia [21689-Views]
WFP News Video: WFP Warns Unprecedented Drought and Floods Causing Surge in Climate Relate... [21636-Views]
POCO Sets New Standard with Global Launch of F-Series in Dubai [20607-Views]
Pogačar triumphs on Queen stage of Giro D'Italia [19311-Views]
Pogačar second on Giro climb of Passo del Brocon [16699-Views]
Porsche Becomes Third Major Manufacturer To Commit To Formula E's Gen4 Era Until At Least ... [13538-Views]
TCL Electronics introduces the latest QD-Mini LED TV and smart home appliances in Istanbul [9815-Views]
Rick and Morty x SHEGLAM: Jump into an Interdimensional Makeup Adventure [8856-Views]
Beauty Meets Technology: CHATEAU BERGER Cosmetiques Unveils its Cutting-Edge Skincare Line... [7560-Views]
Noatum Launches Maritime Services in Türkiye [7491-Views]
Mubadala Investment Company Reports 2023 Financial Results [7396-Views]
GEMS Modern Academy honoured with NAFIS Award for outstanding support of Emiratisation [6691-Views]
AUS named among top 125 in THE Young University Rankings 2024 [6597-Views]
AW Rostamani Group Drives Sustainable Mobility at Electric Vehicle Innovation Summit With ... [6494-Views]
The Treasures of the Library Exhibition at Mohammed Bin Rashid Library… A Museum of Cultur... [6408-Views]
Alpen Capital Report highlights investment opportunities amid strengthening investment tie... [6187-Views]
Eid Al-Adha at Bawabat Al Sharq Mall: Mark Your Calendars for Great Family Fun & Big Wins... [6175-Views]
TCL Middle East & Africa showcases their latest line-up of products in Istanbul [6093-Views]
Opening Soon: Union Coop Announces Completion of Silicon Oasis Center [6076-Views]
Hamdan bin Rashid Al Maktoum Centre for Giftedness and Innovation Team Achieves First Rank... [6019-Views]
Largest ever edition of the International Exhibition for National Security & Resilience ge... [5908-Views]
Styched Sets Sights on UAE's Booming Fashion Market [5769-Views]
Cartier Spring-Summer 2024 Trinity Eyewear Limited Edition [5724-Views]
 
RSS Facebook Twitter LinkedDin DubaiPRNetwork.com on Instagram
Back to Section Home

Related Stories

 
Top Sections
 
Top Stories