ABU DHABI: The Abu Dhabi Securities Exchange, one of the world’s fastest growing financial markets, has appointed BNY Mellon, the world’s largest hedge bank, to support the dual listing of global companies on the Abu Dhabi Securities Exchange.
Through this collaboration, the bank will act as a link between the Abu Dhabi Securities Exchange and the International Securities Depository Institutions (ICSD), enabling the market to benefit from BNY Mellon’s global presence.
This initiative is part of ADX’s strategy to work with internationally recognized global capital markets institutions to develop innovative solutions that help improve the market’s infrastructure and capabilities. This collaboration with BNY Mellon will enable international issuers to dual-list their securities, starting in the US and expanding to other countries. Also, the market will provide investors with new investment opportunities in global markets.
On this occasion, Abu Dhabi Securities Exchange CEO Abdullah Salem Al Nuaimi said: “We are pleased to collaborate with BNY Mellon to strengthen our relationships with international securities depositories and facilitate dual listing in our fast-growing financial market. Our partnership with BNY Mellon, the world’s largest custodian, supports our strategy to drive innovation in our infrastructure, which will provide investors with a wide range of unique growth opportunities. Financial market in the region.
For his part, Hani Kiblawi, President of BNY Mellon International, said: “With our decades of presence in the region, we are pleased to work with a leading financial market such as the Abu Dhabi Securities Exchange to help investors have broad access to financial instruments.” Globalism. We focus on simplifying market complexity and connecting the financial system through innovative products and services that meet the needs of customers worldwide, and our appointment by the Abu Dhabi Securities Exchange is a prime example of this.
In recent years, the Abu Dhabi Securities Market has introduced several new initiatives to attract more investors and improve market liquidity. The most important of these initiatives are the launch of the Financial Derivatives Market in 2021 and the launch of FTSE Abu Dhabi Securities. Market 15 “Fadax 15” Index and “Fadax 15” Index. For futures contracts in 2022, it will be the first benchmark for futures contracts on the market’s financial derivatives platform.
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About Bank of New York Mellon (BNY Mellon).
BNY Mellon is a global investment firm offering sophisticated and thoughtful investment and wealth management services in 35 countries as part of its financial services offering to institutions, companies and individual investors. As of December 31, 2022, BNY Mellon’s total assets under custody/management reached $44.3 trillion in the securities and/or administrative services sectors, while total assets under management reached $1.8 trillion. A bank can act as a single point of contact for customers who want to initiate, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate banking brand of Bank of New York Mellon Corporation (NYSE: BK).
About Abu Dhabi Securities Market:
The Abu Dhabi Securities Market was established on November 15, 2000, pursuant to Local Law No. (3) of 2000. Under this Act, the market enjoys legal personality, financial and administrative independence and necessary supervisory and administrative powers. Duties. On March 17, 2020, the Abu Dhabi Securities Market was converted from a public company to a public joint stock company in terms of Law (8) of 2020. Abu Dhabi Securities Market is affiliated with the Holding Company (ADQ). of the largest holding companies in the region. , Abu Dhabi has a broad portfolio of major companies operating in key sectors within the Emirate’s diversified economy.
The Abu Dhabi Securities Market is a market for trading securities. Including shares issued by public joint stock companies, bonds issued by governments or corporations, exchange-traded funds and other financial instruments approved by the UAE Securities and Commodities Authority. The Abu Dhabi Securities Exchange is the second largest market in the Arab region, and its strategy of providing sustainable financial performance with diversified income sources is in line with the guiding principles of the UAE’s “Preparing for 50” agenda. The National Plan outlines the UAE’s strategic development roadmap, which aims to create a vibrant, sustainable and diversified economy that positively contributes to the transition to a new global model of sustainable development.
For more information on Abu Dhabi Securities Exchange, please contact:
Abdul Rahman Saleh Al Khatib
Director of Corporate Communications and Digital Marketing
Email: [email protected]