The Abu Dhabi Securities Exchange (ADX) and the New York Stock Exchange (NYSE) have signed a memorandum of understanding (MoU) to collaborate on various business activities, including dual listings of companies on both exchanges. The MoU aims to enhance the participation and seamless access of global investors to the ADX. The partnership will also explore opportunities to develop ETFs, data and index products, and collaborate on sustainability-related initiatives. The ADX has recently seen increased participation from international and institutional investors, with several successful IPOs and listings. The partnership with the NYSE will provide Abu Dhabi investors with access to the largest pool of capital in the world and a broader investor base. The collaboration is expected to drive economic growth and reinforce Abu Dhabi's position as a global financial center.
In another development, Abu Dhabi Developmental Holding Company PJSC (ADQ) has successfully listed its inaugural US$2.5 billion bond issuance on the London Stock Exchange (LSE) in April 2024. The bond issuance was oversubscribed 4.4 times, reflecting investor confidence in ADQ's credit profile and the economic stability of Abu Dhabi. Now, the Abu Dhabi Securities Exchange (ADX) has announced the secondary listing of ADQ's bond. This secondary listing on the ADX provides further opportunities for investors to participate in ADQ's growth strategy and supports Abu Dhabi's economic diversification agenda. ADX now has 60 debt instruments listed, and ADQ's portfolio includes eight companies listed on ADX. The collaboration between ADX and NYSE, along with ADQ's successful bond listing on ADX, strengthens Abu Dhabi's financial center status and reinforces its position as a global hub for investment and business.
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