ADX unveils ‘Sahmi’ features

Wednesday, 17 October 2018

Abu Dhabi Securities Exchange (ADX), the region’s leading financial market, unveils the features of its new integrated digital platform, ‘Sahmi’ during GITEX Technology Week 2018, which ADX is partaking in at the Abu Dhabi government pavilion.
The platform provides digital services for investors integrated with the SmartPass platform and The Whole of Government.
The new digital platform ‘Sahmi’ provides a unified service for investors, issues investor
numbers and updates investors’ information. The platform also enables investors to inquire
about profits or any information related to initial IPOs, transfer securities, issue reports related
to investors’ portfolios, trading, deposited shares among other things.
Rashed Al Blooshi, Chief Executive of ADX highlighted the importance of ‘Sahmi’ in establishing
a comprehensive database for investors, and automating service requests to manage investor
relations, thereby achieving a significant transformation in ADX services for investors to
enhance their experience.
Al Blooshi said: “ADX developed the integrated digital platform ‘Sahmi’ in line with the Abu
Dhabi government’s digital transformation and to achieve a unique change in providing newgeneration
services. The platform enhances the quality of information used to provide services,
saves time and effort for employees, and reduces the operational requirements to archive
documents, thus optimising the use of time, effort and financial resources.”
The integrated digital platform provides unified services and an integrated system that enables
investors to manage their everyday transactions, reduces human interaction, and bolsters
confidentiality and privacy of our investor database, which strengthens the quality of service
and enhances the investors’ experience. This is achieved through efficient and innovative use of
technology, which saves time and effort and yet complies with the highest levels of security,
while preventing counterfeiting of requested document. ‘Sahmi’ represents an integrated
platform providing investor services through several ADX channels such as website and smart
phone application.
It is noteworthy that ADX was the first stock market in the MENA region to adopt blockchain in
its e-voting for listed companies’ AGMs. Furthermore, in early 2018, ADX signed a
Memorandum of Understanding (MoU) with the Society for Worldwide Interbank Financial
Telecommunication (SWIFT) and seven leading global Central Securities Depository (CSD)
companies, to collaborate on blockchain implementation in trading and capital market
transactions. Additionally, ADX signed a partnership deal with Equichain to join its working
community, which develops implementations of digital blockchain transactions to bring further
efficiencies to capital markets.