Page 2 - Khalid Malak News Today

Growth Market allows a public listing route for startups and family businesses

<p><span>The Abu Dhabi Securities Exchange (ADX) has announced the rebranding of its Second Market, a key equity market on the exchange that connects investors and privately owned business, complementing Abu Dhabi’s fast-developing ecosystem for companies that are looking to catalyse their growth. The Growth Market, which replaces the Second Market established in 2014, offers companies access to a wide investor base, key support from the ADX on investor engagement and an op...

The growth market, which replaces the second market established in 2014, offers companies access to a wide investor base, key support from the ADX on investor engage...

RIYADH: Abu Dhabi’s stock exchange has rebranded its Second Market into a newly launched Growth Market, with a market cap of 62 billion dirhams ($17 billion), in a push for more privately-owned business listings. As it replaces the Second Market, the Growth Market will continue to target startups, family businesses, and early growth companies, ADX said in a statement. It will

The Abu Dhabi Securities Exchange (ADX) has announced the rebranding of its Second Market, a key equity market on the exchange that connects investors and privately owned business,

The agreement will facilitate inter-exchange trading and put in place procedures for dual listings in the UAE and Kuwait.

Abu Dhabi Securities Exchange (ADX)’s market liquidity jumped five-fold in 2021 amid an IPO boom. Traded values (buy + sell) on the exchange increased 407 per cent from Dhs145 billion in 2020 to Dhs739 billion in 2021, driven

ABU DHABI, 16th February, 2022 (WAM) -- Abu Dhabi Securities Exchange (ADX) has signed an agreement with Borsa Istanbul wherein the latter will provide consultancy services and implementation support to Abu Dhabi Securities Exchange in Information Technologies. The signing of the agreement came during the visit of the President Recep Tayyip Erdoğan of Turkey, to the UAE on 14th February. The CEO Korkmaz Ergun, signed it on behalf of Borsa İstanbul and the Managing Director and CEO, Saeed Al Dh...

The framework will provide international investors with access to growth opportunities.