Abu Dhabi bourse to hold Singapore, Tokyo roadshow
Abu Dhabi's bourse will hold an Asian road show in Singapore and Tokyo this week to attract foreign investment and develop its product offerings.
By Agencies |
ABUDHABI: Abu Dhabi's bourse said on Monday it will hold an Asian road show inSingapore and Tokyo this week to attract foreign investment and develop itsproduct offerings.
Foreignlistings on the Abu Dhabi Securities Market (ADSM) would help diversify theexchange's offerings, said Tom Healy, the market's director-general who isleading a delegation of eight listed companies.
"The ADSM is planning toinitiate ETFs (exchange-traded funds) trading, and we believe that foreign ETFs,and particularly ETFs in sectors such as electronics that are not represented inthe UAE, would be of tremendous interest," Healy said in a statement.
The participating companiesare National Bank of Abu Dhabi, Abu Dhabi Commercial Bank, Aldar Properties,Sorouh Real Estate, Waha Capital, Dana Gas, Fujairah Cement Industries andEmirates Foodstuff and Mineral Water Co (Agthia).
This week's Asia roadshowfollows the June 2007 events in London and New York by the bourse of the UnitedArab Emirates capital. Taiwan's Polaris Securities <2854.TW> could launchthe first EFT on ADSM as early as June, the Taiwan stock exchange said onThursday. HSBC is organising the roadshow.
Foreignlistings on the Abu Dhabi Securities Market (ADSM) would help diversify theexchange's offerings, said Tom Healy, the market's director-general who isleading a delegation of eight listed companies.
"The ADSM is planning toinitiate ETFs (exchange-traded funds) trading, and we believe that foreign ETFs,and particularly ETFs in sectors such as electronics that are not represented inthe UAE, would be of tremendous interest," Healy said in a statement.
The participating companiesare National Bank of Abu Dhabi, Abu Dhabi Commercial Bank, Aldar Properties,Sorouh Real Estate, Waha Capital, Dana Gas, Fujairah Cement Industries andEmirates Foodstuff and Mineral Water Co (Agthia).
This week's Asia roadshowfollows the June 2007 events in London and New York by the bourse of the UnitedArab Emirates capital. Taiwan's Polaris Securities <2854.TW> could launchthe first EFT on ADSM as early as June, the Taiwan stock exchange said onThursday. HSBC is organising the roadshow.
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