ADQ has announced that H.E. Mohammed Ali Al Shorafa Al Hammadi has been appointed as Chairman of Abu Dhabi Securities Exchange (ADX). Al Hammadi is also Chairman of the Abu Dhabi Department of Economic Development (ADDED) as well as a Board Member of the Abu Dhabi Global Market. 

 H.E. Mohamed Hassan Alsuwaidi, CEO of ADQ, said: “ADQ is committed to stimulating and deepening Abu Dhabi's capital markets and financial services sector, and ADX is a fundamental pillar for building a robust, modern and increasingly international capital market. H.E. Mohammed Ali Al Shorafa Al Hammadi brings a wealth of experience to his new role at ADX that is well suited to helping the exchange navigate its future development.”

Headquartered in Abu Dhabi, ADQ was established in 2018 as a public joint stock company (PJSC). It holds a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy, including utilities, tourism and hospitality, aviation, transportation, logistics, industrial, real estate, media, healthcare, food and agriculture, and financial services.  

As a strategic partner of the Government of Abu Dhabi, ADQ is committed to supporting the development of Abu Dhabi as a modern, competitive, prosperous and sustainable economy. ADQ stimulates value creation by developing prominent cluster ecosystems and instilling a performance culture across its portfolio of companies.   ADQ is also an asset owner and investor in target sectors, both locally and internationally, which align with Abu Dhabi’s leadership vision.

 Abu Dhabi Securities Exchange (ADX) is part of ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy.

ADX is a market for trading securities; including shares issued by public joint stock companies, bonds issued by governments or corporations, exchange traded funds, and any other financial instruments approved by the UAE Securities and Commodities Authority (SCA). It is the second largest market in the Arab region and its strategy of providing stable financial performance with diversified sources of incomes is aligned with the guiding principles of the UAE’s “Towards the next 50” agenda. The national plan charts out the UAE’s strategic development scheme which aims to build a sustainable, diversified and high-value added economy that positively contributes to transition to a new global sustainable development paradigm.

Source- Press Release

Country- Abu Dhabi