Page 24 - AAE PR REPORT December 2023

12/29/23, 9:58 AM UAE Financial Markets Reflect Prosperity of National Economy in 2023 ‹ Al Wathan Newspaper
The large increase in the number of listed companies and the doubling of the market value of
the local markets is a significant reflection of the economic developments taking place in the
country, as the markets derive their strength from several objective criteria related to public
indicators. The economy of the country, the level of domestic product, the per capita income
and the stability of the government in the economic results it issues and others. Another thing
that exists in the national economy is that it is characterized by strength, solidity and good
qualities. Growth rates unmatched by many emerging markets and even some developed
world markets.
In light of the significant developments taking place in local markets, the Abu Dhabi Securities
Exchange has become the second largest market in the Arab region, thanks to its strategy of
providing stable financial performance with diverse sources of income in line with its guiding
principles. The UAE's “Ready for Fifty” agenda aims to create a vibrant economy. Sustainability
and diversity contribute positively to the transition to a new global model for sustainable
development, while the Dubai Financial Market now has a list of key companies in the
government. And the private sector seeks to undertake public offerings and list on the market,
which invites hope of achieving the market's achievements. Stronger and bigger in the coming
years.

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In the next phase, markets will continue to accelerate the range of financial products and
services to improve their competitive advantage by focusing on leveraging digital technology to
access investment opportunities, expand and further develop the investor base. Aqueous
mass.

Global standards

Since its establishment in 2000, the Securities and Commodities Commission has been
working to improve the securities market and commodity market at the legislative, supervisory
and regulatory levels, in accordance with scientific and professional foundations that follow the
best international standards in the field. From day one of establishment, it has started to
consolidate its leading position in licensing and regulation of financial markets and
domestically, regionally and globally.

Registration of 45 new listings in the Abu Dhabi and Dubai markets, implementation of 40
initiatives and programs to improve and develop the markets are some of the notable
achievements witnessed by the markets under the leadership of the Securities and
Commodities Authority in the last three years. , and 36 facilities were provided to listed or
unlisted companies in the country's financial markets, raising the market value of local markets
by 994 billion dirhams in three years, an increase of 288%.

The Securities and Commodities Authority has made no effort during the current year to
monitor day-to-day transactions in the markets through effective electronic control systems,
detect any manipulation, fraud or transactions based on insider information and audit insider
trading during the ban. Patrolling markets and licensed establishments in addition to periodical,
periodic and unauthorized inspections, detection of manipulations and violations, and taking
necessary action against violators as per laws and regulations. Wham

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