Abu Dhabi – Mubasher: The total value of American investors’ trading, which includes both buying and selling, surpassed AED 10.9 billion by the end of the first six months of 2017 on the Abu Dhabi Securities Exchange (ADX), a top bourse official said Monday.
With more than 2,000 individuals and 1,500 institutions, American investors are “among the most active in the exchange”, said Rashed Al Blooshi, ADX chief executive, during a meeting with the American Chamber of Commerce (AmCham) in Abu Dhabi.
American investors invested AED 2.2 billion ($600 million) in 2016 and AED 960 million in H1-17, topping the ADX’s foreign investors, Al Booshi added in a statement.
The bourse’s CEO further revealed that the net profit of ADX-listed companies reached a combined AED 22.2 billion ($6.05 billion) during H1-17, while these companies’ cash dividends grew 3% year-on-year to AED 22 billion in the same period.
“AmCham is an important networking organisation for American expats and we thank them for letting us conduct this briefing for the benefit of their members,” the ADX chief executive said.
“ADX offers such an attractive investment opportunity in virtue of the stable economic and legislative structure in which it operates,” he added.
“The Abu Dhabi Securities Exchange represents a dynamic place in which to invest and has great potential benefit to American investors,” Sharief Fahmy, chairman of the American Chamber in Abu Dhabi, concluded.
