Page 119 - ALEF EDUCATION PR REPORT NOVEMBER 2024

Abdullah Salem Al Nuaimi.

The CEO of the Abu Dhabi Securities Exchange Group said that the listings on the market during the
current year also included exchange-traded funds after the recent listing of the “Chimera Standard
& Poor’s Germany Justus ETF”, which represented the fifth fund to be listed on the market this year,
and the fifteenth ever.

Al Nuaimi stressed that these listings are in line with the strategic vision of the emirate of Abu Dhabi
towards economic diversification, noting that the Abu Dhabi Securities Exchange has strengthened
its position in recent years as the most active and liquid exchange-traded funds market in the
Middle East and North Africa region, driven by a remarkable growth in both trading value and
volume since this year.

Successful year

He explained that the year 2024 was successful for the Abu Dhabi market in terms of listings and
new products that were offered to investors, which confirms its role in providing innovative
investment opportunities and developing a solid and comprehensive market.

He stated that the Abu Dhabi Market continues to work on enriching the sectors listed in the
market, pointing to the listing of "Lulu" in the retail sector, in addition to the merger of "Yahsat" and
"Bayanat" to establish the company "Space 42", which is currently listed in the technology sector.

He pointed out that the market is open to dual listings with any other financial market, especially
since the market has several listings of this type, including Ooredoo, Sudatel, Americana, and
Agility.

Al Nuaimi pointed out that the “Tabadul” platform currently includes six stock exchanges, in
addition to the recent signing of an agreement with the Armenian Stock Exchange to join the
platform, which enhances the Abu Dhabi Market’s network at the global level, and increases its
ability to attract international investments to Abu Dhabi, especially since it allows investors
strategic access to new markets, noting that it is planned to sign soon with a new market to join the
platform.

The CEO of the Abu Dhabi Securities Exchange Group confirmed that the market currently has one
type of financial derivatives and plans to add new products to the derivatives market during the
coming year in parallel with the market’s other plans regarding new listings of stocks, exchange-
traded funds and other various financial products.

https://www.khaleejtimes.com/business/markets/uae-abu-dhabi-securities-exchange-expects-
new-listing-before-year-end