The Abu Dhabi Securities Exchange (ADX) was established on 15 November 2000 by Local Law No.(3) of 2000, the provisions of which vest the Market with a legal entity of autonomous status, independent finance and management, and give ADX the necessary supervisory and executive powers to exercise its functions.
Moreover, ADX has the authority to establish centers and branches outside the Emirate of Abu Dhabi. It has done so in Fujairah, Ras al Khaimah, Sharjah and Zayed City.
The Abu Dhabi Securities Exchange board of directors is comprised of seven members nominated by Amiri Decree. The members of the board hold office for a term of three years.
ADX is a market for trading securities; including shares issued by public joint stock companies, debt instruments issued by governments or corporations, exchange traded funds, and any other financial instruments approved by the UAE Securities and Commodities Authority (SCA).
Originally posted 2019-05-19 13:02:42. Republished by Blog Post Promoter