Abu Dhabi, UAE – Abu Dhabi Securities Exchange (ADX) has held an Asian non-deal roadshow with key institutional investors and exchanges in Hong Kong and Tokyo to discuss the vibrant UAE investment landscape.

The series of meetings, which complement a virtual roadshow held in September-2022, were organised in partnership with Mizuho, included engagement by the ADX senior leadership team with a range of asset managers, hedge funds and family offices with Assets Under Management in excess of USD1.3trn. Investment activity on ADX from investors based in these two Asian markets has increased significantly in the last year, with total volume of securities up 42% during 2022, and number of trades up 143%. 

During the roadshow, ADX also exchanged views and experiences with the attending members of the Hong Kong Stock Exchange and Tokyo Exchange Group. These events follow successful international investor roadshows in 2022, and reinforce the strong focus on investor relations and continuous dialogue that ADX and its listed companies continue to foster with international investors.

Saeed Hamad Al Dhaheri, Managing Director and Chief Executive Officer of ADX, said: “ADX will continue to significantly step up its engagement with global institutional investors to widen its investor base and showcase the UAE as a premier investment destination. The Exchange outperformed most markets globally in 2022 due to robust macro-economic fundamentals, and an increase in capital market activity. The ADX has taken a series of measures and initiatives to develop the investment ecosystem including roadshows that have attracted strong interest among a wide range of international institutional investors.”

Yoshiro Hamamoto, President and Chief Executive Officer of Mizuho Securities Co., Ltd., said: “The arrangement of ADX’s Asian investor roadshow represents a significant milestone in Mizuho’s journey to becoming the leading financial institution delivering investment from all over the world into the United Arab Emirates. As the first Japanese bank to establish a presence in the Abu Dhabi Global Market, along with our established presence in the Dubai International Financial Centre, we maintain a long-standing commitment to supporting the UAE’s economic growth and diversification initiatives. We are focused on enhancing strategic investment from regions where Mizuho has partnered with their strong securities and banking relationships in assisting with this roadshow. We congratulate the ADX management team on the success of the roadshow and we look forward to further enhancing our strong partnership.”

This roadshow was held against a backdrop of significant activity on ADX in 2022 which has seen increased participation from international and institutional investors – including on IPOs, listings and new product launches. Last year, ADX listed 25 securities including five IPOs.

The meetings focused on recent capital market activity and the ongoing implementation of the ADX strategy to increase liquidity, trading activity, market capitalization and sector diversification. The strategy leverages digital transformation to enhance the investor journey and the broadening of products and services, including the introduction of derivatives and SPACs as well as more ETF listings.

During 2022, net foreign investment on ADX increased by AED 23.5 billion and foreign ownership of securities on the exchange reached 17.5% of the total, up from 14% as at the end of 2021. Foreign investment in ADX was led by MENA-based investors, with a 44% share, followed by Europe & the UK (31%), the Americas (15%) and Asia (10%). Institutional trading activity accounted for 82% of total trades in 2022.  

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Abu Dhabi Securities Exchange

Abu Dhabi Securities Exchange (ADX) was established on November 15 of the year 2000 by Local Law No. (3) Of 2000, the provisions of which vest the market with a legal entity of autonomous status, independent finance, and management.  The Law also provides ADX with the necessary supervisory and executive powers to exercise its functions. On 17th March 2020, ADX was converted from a "Public Entity" to a "Public Joint Stock Company PJSC" pursuant to law No. (8) of 2020. 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). ADX 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 "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.    

About Mizuho Financial Group

Mizuho Financial Group is one of the largest, full-service financial institutions in the world, with approximately 60,000 employees in 35 countries/regions outside of Japan, nearly 150 years of banking experience, and assets of over JPY 200 trillion. Mizuho Bank has one of the largest customer bases in Japan, and a global network of financial and business centers. The group maintains a regional presence with offices in Abu Dhabi, Dubai, Riyadh, Manama, and Istanbul. Learn more about Mizuho Financial Group at www.mizuhogroup.com.

For more information, please contact:
ADX
Abdulrahman Saleh ALKhateeb
Senior Manager of Corporate Communication & Digital Marketing
Email: ALKhateebA@adx.ae
Brunswick Group
Mahmoud Kassem
Director
Email: mkassem@brunswickgroup.com