Capital Markets
The Abu Dhabi Securities Exchange (ADX) has quickly developed from a fledging investment platform to an institution of global significance. At the end of 2015 a total of 66 public companies were listed on the exchange, with insurance, banking and industry making up the largest subsectors in terms of listings. The government has made moves to expand its debt and bond offerings in recent times, with the emirate’s most recent sovereign issuance, consisting of a five-year $3bn bond in 2009, following on from two similar five-year offerings, which together formed the beginnings of a yield curve by which subsequent corporate offerings might be made. Meanwhile, the development of a new financial centre promises to significantly add to Abu Dhabi’s inward and outward investment activity. Al Maryah Island has been chosen as the location for a new financial free zone in the emirate. This chapter contains an interview with Rashed Al Balooshi, CEO, Abu Dhabi Securities Exchange (ADX).
