About 8,000 institutions trade on ADX

About 8,000 institutions trade on ADX

ABU DHABI (Agencies): Abu Dhabi Securities Exchange, ADX, said the number of institutional investors reached 7,993 by the end of August 2018 due to a stable trading environment.

Of the 7,993 institutions that traded on the bourse, 5,979 were foreign institutions and 2,014 were domestic. Net institutional investment from the beginning of year up to the end of August 2018 reached Dh1.4 billion, the bourse said in a statement.

At the same time, the cash dividend distributed by listed companies during 2018 amounted to Dh23.4 billion in comparison to Dh22.2 billion during 2017, which is an increase of 5.5 per cent. In addition, the top 25 asset management companies in terms of assets under management are registered on ADX and actively investing, where ADX has 350 of the largest international pension funds operating in the Exchange.

The ADX also said it has listed Reem Investments shares on the second market, a market dedicated for trading of shares of private companies, under the symbol REEM. Trading on Reem Investments shares officially started on September 30.

Abdul Hamid Mohammad Saeed, Managing Director of Reem Investments, said: “The listing of the company’s shares on Abu Dhabi Securities Exchange, a market that is known for its growth and efficiency, will enable Reem Investments to embark on the next leg of growth story with wider shareholder participation while continuing to invest in vital sectors that drive sustainable development in the region and in the process ensuring best returns for our shareholders… This major step also re-iterates our commitment to transparency which is at the core of the company’s value system.”

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