ADX roadshow in New York reinforces strong demand for Abu Dhabi securities

Abu Dhabi Securities Exchange (ADX), one of the Middle East’s fastest growing securities exchanges, has successfully completed a roadshow in New York in collaboration with J.P. Morgan, reinforcing the robust international demand for Abu Dhabi listed companies.

The two-day Exchange-led roadshow in New York City that ended on May 2 attracted major institutional investors in the US and welcomed senior representatives from the Exchange and J.P. Morgan, along with 20 ADX-listed blue chip companies with a market capitalisation of over Dh1 trillion. The well-attended event highlighted investment opportunities in the UAE’s capital markets following the strong performance of the exchange’s equity benchmarks last year. The event attracted more than 60 CEOs, CFOs, in addition to senior management from institutional investors from across the US, representing $5 trillion in assets under management (AUM).

The senior ADX delegation was accompanied by over 50 CEOs, CFOs and senior executives from some of the largest and most dynamic companies listed in Abu Dhabi, providing them with a unique opportunity to showcase their equity stories and share their business performance. The companies were Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Abu Dhabi Ports, Adnoc Distribution, Adnoc Drilling, Adnoc Gas, Agthia Group, Al Yah Satellite Communications Company, Aldar, Bayanat, Borouge, Burjeel Holdings, Commercial Bank International, Dana Gas, Emirates Steel Arkan, First Abu Dhabi Bank, Presight AI, Rak Properties, TAQA, and Emirates driving company. The roadshow to New York is in line with ADX’s strategy plan to attract more international investors to the Exchange and follows the successful ADX roadshow to London in 2022.

Abdulla Salem Alnuaimi, chief executive officer of ADX, said: “Our successful roadshow to New York firmly demonstrates that the UAE’s robust macroeconomic fundamentals, strong corporate performance and accelerating capital markets activity are making it an increasingly attractive location for international institutional investors. ADX will continue to support the growth story of the UAE, and its vibrant and diversified economy, by accelerating the listing pipeline and bringing new innovative products to the market. Access to long-term global capital is essential to the UAE’s sustainable long-term growth and we will continue to explore opportunities that will enhance market liquidity and attract a greater range of investors to our dynamic marketplace.”

In 2022, net foreign investment on ADX increased by 54.1 per cent year to year reaching Dh23.5 billion with foreign holdings increasing by 92 per cent during the same period. MENA-based investors led foreign investment on ADX with a 44 per cent share, followed by Europe & the UK (31 per cent), the Americas (15 per cent) and Asia (10 per cent).