(MENAFN- Emirates News Agency (WAM))
ABU DHABI, 4th December, 2017 (WAM) -- Abu Dhabi Securities Exchange, ADX, has announced that Al Qudra Holding has listed its shares in the second market, under the symbol "Al Qudra". Trading Al Qudra Holding's shares officially started on Monday, December 4th 2017.
Commenting on the announcement, Hamad Al Shamsi, Chairman of ADX, said, "ADX is keen to attract more companies for listing on the primary and second markets, in support of the Abu Dhabi Plan's commitment to developing the investment climate of the emirate and creating a flexible and competitive environment for business."
Al Shamsi added, "ADX has a world-class infrastructure for the listing and trading of diversified stocks, it provides investors with the opportunity to invest their savings in a legal environment that adopts the best international practices in disclosure and transparency, within a stable economic and regulatory environment."
Rashed Al Blooshi, Chief Executive of ADX, said, "Listing the shares of Al Qudra Holding Company on ADX's second market confirms the market's position as a preferred listing destination and reflects the high levels of competitiveness it offers to listed companies."
Al Blooshi added, "Due to the stable trading environment, in conjunction with the innovative services and products offered by ADX, 391 new investment institutions were attracted to the exchange between Q1 to Q3 of 2017. In another encouraging sign of market growth and stability, Q3 also saw the total number of investors registered in ADX records reach 962 thousand. Combined, these results indicate that ADX's continued development of strategic initiatives aimed at increasing market value, best practice in governance and transparency, and innovative investment products are working to attract and activate a larger group of investors."
Mohammed bin Thaloub Al Derei, Chairman of Al Qudra Holding Company, said, "This is a historic day that we will cherish, as we aspire to further develop and achieve the best for all the shareholders in the Al Qudra Holding Company. We are working to achieve an optimal balance between the company's growth and its return on investment by focusing on several key sectors. Utilising our unparalleled expertise, innovative processes and bespoke approach ensures we deliver a sustainable and positive impact in the communities in which we operate."
WAM/Esraa Ismail
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