Page 483 - MOE ENGLISH PR - MAY 2024

5/28/24, 2:49 PM PRESSR: H.E. Bin Touq reviews UAE's new economic model during his meeting with Chairman & CEO of Morgan Stanley — Trad…
our national economy, the supportive business environment, and the

wide range of services and products available through the Abu Dhabi

Securities Exchange."

The Abu Dhabi Securities Exchange is the UAE's largest capital

market and the second largest in the Arab region, with a market

value of nearly USD one trillion. With a portfolio of over 120 listed

companies, it represents key growth sectors within the country. The

Abu Dhabi Securities Exchange is the most active and highly liquid

platform for exchange-traded fund (ETF) market in the MENA region.

In 2023, the market experienced a significant surge in trading

volume, reaching approximately USD 1.4 billion, which signifies a

remarkable 160 per cent YoY growth

In 2023, the Abu Dhabi Securities Exchange generated more than USD

5.6 billion in funds from initial public offerings (IPOs), representing

56.3 per cent of the combined proceeds in the region. Furthermore,

the market accounted for 48 per cent of the total combined

proceeds of GCC.

Morgan Stanley has been actively involved in the Middle East since

the 1970s, making it one of the pioneering companies in the Dubai

International Financial Centre. In 2006, the company established its

regional headquarters in DIFC. From this strategic headquarter,

Morgan Stanley provides a comprehensive range of investment

banking products and services, investment and stock management

solutions.

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