HE Hamad Al Shamsi: “ADX has a global infrastructure for listing and trading across diversified securities”
Mr. Mohammed Bin Thaloub Al Derei: “The listing falls in line with the company’s continued growth since its foundation, and with its diversified investments in all vital sectors”
Abu Dhabi Securities Exchange (ADX), the region’s leading financial market, has announced that Al Qudra Holding PJSC has listed its shares in the second market, under the symbol “Al Qudra”. Trading Al Qudra Holding’s shares officially started on Monday, December 4th 2017.
The company’s capital is AED 808.98 million, with 808.98 million shares at par value of AED 1.00 per share. Al Qudra Holding is considered one of the largest strategic investment companies in the Emirate of Abu Dhabi. Since its inception, Al Qudra Holding has been instrumental in driving sustainable development in the region and creating added value by investing in vital sectors.
HE Hamad Al Shamsi, Chairman of ADX, said: “ADX is keen to attract more companies for listing on the primary and second markets, in support of the Abu Dhabi Plan’s commitment to developing the investment climate of the Emirate and creating a flexible and competitive environment for business. HE Al Shamsi added: “ADX has a world-class infrastructure for the listing and trading of diversified stocks, it provides investors with the opportunity to invest their savings in a legal environment that adopts the best international practices in disclosure and transparency, within a stable economic and regulatory environment.”
Mr. Rashed Al Balooshi, Chief Executive of ADX, welcomed the commencement of trading of Al Qudra Holding Company shares on ADX’s second market. The second market provides further proof of the stability of the Abu Dhabi market and its credibility among the major companies in the region. Al Balooshi said: “Listing the shares of Al Qudra Holding Company on ADX’s second market confirms the market’s position as a preferred listing destination and reflects the high levels of competitiveness it offers to listed companies.”
Al Balooshi added: “Due to the stable trading environment, in conjunction with the innovative services and products offered by ADX, 391 new investment institutions were attracted to the exchange between Q1 to Q3 of 2017. In another encouraging sign of market growth and stability, Q3 also saw the total number of investors registered in ADX records reach 962 thousand. Combined, these results indicate that ADX’s continued development of strategic initiatives aimed at increasing market value, best practice in governance and transparency, and innovative investment products are working to attract and activate a larger group of investors.