Company Insights Abu Dhabi Securities Exchange Markets Abu Dhabi Securities Exchange Overview The Abu Dhabi Securities Exchange, also known as ADX, is a stock exchange in Abu Dhabi in the UAE that was founded in November 2000. It is owned by the Abu Dhabi Developmental Holding Company, one of the Abu Dhabi government’s main sovereign wealth funds, and claims to be the second largest market in the Arab region. As of March 2025 it had just under 190 companies listed, in six sectors: financial, insurance, hotels, industrial, services and energy. The total market capitalisation at that time was just over $800 billion. ADX is used as a platform for trading securities, including shares of public joint-stock companies, debt instruments, exchange-traded funds and derivatives. In 2024 ADX accounted for 27 percent of the IPO proceeds raised in the Middle East. Its main branch is in Abu Dhabi city and it also has branches in Al Ain and Sharjah. ADX has two subsidiaries that it launched in 2025: AD Clear, a central counter-party clearing house and AD CSD, a central securities depository. Abu Dhabi Securities Exchange News Retail Dubai Holding-backed retailer Azadea puts IPO on hold Azadea Group, which is backed by an investment company owned by Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum, has put its initial public offering on the back burner, it has been reported. Dubai Holding acquired a minority stake in the Beirut-based retailer in 2018, valued at $1 billion. The IPO pause is not down to […] April 15, 2025 Markets Foreign activity fuels ADX trading volume Foreign and institutional investors were highly active on the Abu Dhabi Securities Exchange (ADX) in the first quarter of 2025, boosting trading volumes by more than half. The value of foreign investor trades (buy and sell) rose by 62 percent to AED70 billion ($19 billion) in the January to March period from AED43 billion a […] April 14, 2025 Economy Aramco losses mirror wider Saudi stock plunge The Saudi stock market opened at more than 2 percent lower on Monday to a 17-month low, following its biggest single one-day drop since the 2008 financial crisis. The Tadawul All Share Index (Tasi) tumbled by about 1,025 points or 8.6 percent following US President Donald Trump’s announcement last week of a minimum 10 percent […] April 7, 2025 Analysis Banking & Finance Riyadh’s financial ambitions bump up against hard reality Saudi Arabia wants to emulate London or Hong Kong in the international money markets and become a global financial centre, Saudi investment minister Khalid Al-Falih said at a capital markets conference in Riyadh in February. “We need to channel global capital,” he said. “We want to become a regional financial hub.” But judging by the […] March 26, 2025 Health PureHealth proposes first dividend after Abu Dhabi listing Healthcare group PureHealth is planning its first dividend distribution after listing on the Abu Dhabi Securities Exchange (ADX) in December 2023, the company said in a statement. The board of directors has recommended a total dividend of AED343 million ($93.4 million), or AED 3.09 fils per share, for 2024, representing 20 percent of the group’s […] March 18, 2025 Petrochemicals Borouge proposes share buyback after merger stock slide Abu Dhabi petrochemicals company Borouge will seek shareholder approval to buy back up to 2.5 percent of its shares, it said on Monday, after its share price plunged on this month’s news of its merger deal with Austria’s Borealis. Borouge’s majority shareholder Abu Dhabi National Oil Company (Adnoc) and Austria’s OMV said they had agreed to merge […] March 17, 2025 Markets Alpha Data listing brightens up gloomy ADX Shares in Abu Dhabi’s Alpha Data surged on the company’s bourse debut, outperforming a subdued main market index. The first-day performance of the IT services provider contrasts with the struggles of several companies to list on UAE stock exchanges following initial public offerings in the past 12 months. Alpha Data ended 7 percent higher at […] March 11, 2025 Petrochemicals Adnoc and OMV seal deal for $60bn chemicals JV Abu Dhabi National Oil Company (Adnoc) and Austria’s energy group OMV have agreed to merge their polyolefin operations to form a $60 billion joint venture. Borouge Group International (BGI) will be the world’s fourth largest by nameplate production capacity, the UAE company said. BGI will acquire Canada-headquartered Nova Chemicals Corporation from Abu Dhabi’s sovereign wealth fund […] March 4, 2025 Giga-projects Billionaire calls for review of Egyptian mega-projects Egyptian billionaire Naguib Sawiris said his country’s mega-projects should be reconsidered to save money as they require a lot of foreign currency. “I will be polite and I would say we have an overambitious president who is doing mega projects that are requiring a lot of foreign currency and we should have a second look […] February 27, 2025 Oil & Gas Oversubscribed Adnoc Gas listing raises almost $3bn Abu Dhabi state oil company Adnoc has completed a secondary offering of its gas business unit, raising $2.84 billion, in the largest-ever placement of shares on the Abu Dhabi stock exchange ADX. The company said in a statement on Friday the sale of approximately 3.1 billion Adnoc Gas shares was 4.4 times oversubscribed. Adnoc announced […] February 21, 2025 Posts navigation 1 2 … 9 Next
Retail Dubai Holding-backed retailer Azadea puts IPO on hold Azadea Group, which is backed by an investment company owned by Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum, has put its initial public offering on the back burner, it has been reported. Dubai Holding acquired a minority stake in the Beirut-based retailer in 2018, valued at $1 billion. The IPO pause is not down to […] April 15, 2025
Markets Foreign activity fuels ADX trading volume Foreign and institutional investors were highly active on the Abu Dhabi Securities Exchange (ADX) in the first quarter of 2025, boosting trading volumes by more than half. The value of foreign investor trades (buy and sell) rose by 62 percent to AED70 billion ($19 billion) in the January to March period from AED43 billion a […] April 14, 2025
Economy Aramco losses mirror wider Saudi stock plunge The Saudi stock market opened at more than 2 percent lower on Monday to a 17-month low, following its biggest single one-day drop since the 2008 financial crisis. The Tadawul All Share Index (Tasi) tumbled by about 1,025 points or 8.6 percent following US President Donald Trump’s announcement last week of a minimum 10 percent […] April 7, 2025
Analysis Banking & Finance Riyadh’s financial ambitions bump up against hard reality Saudi Arabia wants to emulate London or Hong Kong in the international money markets and become a global financial centre, Saudi investment minister Khalid Al-Falih said at a capital markets conference in Riyadh in February. “We need to channel global capital,” he said. “We want to become a regional financial hub.” But judging by the […] March 26, 2025
Health PureHealth proposes first dividend after Abu Dhabi listing Healthcare group PureHealth is planning its first dividend distribution after listing on the Abu Dhabi Securities Exchange (ADX) in December 2023, the company said in a statement. The board of directors has recommended a total dividend of AED343 million ($93.4 million), or AED 3.09 fils per share, for 2024, representing 20 percent of the group’s […] March 18, 2025
Petrochemicals Borouge proposes share buyback after merger stock slide Abu Dhabi petrochemicals company Borouge will seek shareholder approval to buy back up to 2.5 percent of its shares, it said on Monday, after its share price plunged on this month’s news of its merger deal with Austria’s Borealis. Borouge’s majority shareholder Abu Dhabi National Oil Company (Adnoc) and Austria’s OMV said they had agreed to merge […] March 17, 2025
Markets Alpha Data listing brightens up gloomy ADX Shares in Abu Dhabi’s Alpha Data surged on the company’s bourse debut, outperforming a subdued main market index. The first-day performance of the IT services provider contrasts with the struggles of several companies to list on UAE stock exchanges following initial public offerings in the past 12 months. Alpha Data ended 7 percent higher at […] March 11, 2025
Petrochemicals Adnoc and OMV seal deal for $60bn chemicals JV Abu Dhabi National Oil Company (Adnoc) and Austria’s energy group OMV have agreed to merge their polyolefin operations to form a $60 billion joint venture. Borouge Group International (BGI) will be the world’s fourth largest by nameplate production capacity, the UAE company said. BGI will acquire Canada-headquartered Nova Chemicals Corporation from Abu Dhabi’s sovereign wealth fund […] March 4, 2025
Giga-projects Billionaire calls for review of Egyptian mega-projects Egyptian billionaire Naguib Sawiris said his country’s mega-projects should be reconsidered to save money as they require a lot of foreign currency. “I will be polite and I would say we have an overambitious president who is doing mega projects that are requiring a lot of foreign currency and we should have a second look […] February 27, 2025
Oil & Gas Oversubscribed Adnoc Gas listing raises almost $3bn Abu Dhabi state oil company Adnoc has completed a secondary offering of its gas business unit, raising $2.84 billion, in the largest-ever placement of shares on the Abu Dhabi stock exchange ADX. The company said in a statement on Friday the sale of approximately 3.1 billion Adnoc Gas shares was 4.4 times oversubscribed. Adnoc announced […] February 21, 2025
