ADSM holds roadshow in Tokyo to promote bourse

 

The Abu Dhabi Securities Market staged a roadshow in Tokyo yesterday and will hold a similar event in Singapore on Thursday.

Eight ADSM-listed companies are also in attendance as part of Director-General Tom Healy’s aim of internationalising the exchange.


“This is the first time the Abu Dhabi market has gone to Asia to educate investors about our listed companies, and we are confident of a good response,” said Healy.

“The eight companies presenting to investors form a epresentational cross section of the ADSM.“The Gulf countries are experiencing strong economic growth, and this is reflected in the strength of the ADSM-listed companies.
 
We are seeing increasing interest in the region from investors in Asia, and this roadshow will help strengthen this trend.”Aldar Properties, Sorouh Real Estate, National Bank of Abu Dhabi and Dana Gas are among the companies joining the ADSM on the roadshow.
 
Stock markets across the Gulf are looking to diversify their holdings and build links with their international counterparts as the race to become the regional leader intensifies.

This drive has seen Borse Dubai, the parent company of both the Dubai Financial Market and Dubai International Finance Exchange, take a significant stake in the soon-to-be-merged Nasdaq OMX.

In response, the ADSM has agreed on a strategic deal with the Nasdaq’s main rival the NYSE Euronext to share technology and could lead to the creation of the Gulf’s first derivatives exchange.

Many analysts have called on the UAE exchanges to merge, but admit this is unlikely to happen.

 
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