ADX seeks more healthcare listings

The Abu Dhabi Securities Exchange (ADX) yesterday said it encourages the establishment of listed healthcare funds and the listing of more healthcare and life sciences companies on the exchange.

Speaking at the GCC Health and Development Forum in Abu Dhabi yesterday, Tom Healy, Chief Executive of ADX, said: "Abu Dhabi is in a stronger position coming out of the financial crisis than many other economies thanks to its hydrocarbon revenues and forward-thinking Government policies. ADX can therefore provide the international healthcare and life sciences sectors with the infrastructure to access capital on both a local and regional basis."

ADX has a small healthcare sector, with two listed companies – Gulf Medical Projects and Gulf Pharmaceutical Industries (Julphar). Healy said an expanded healthcare sector and the listing of related funds on the exchange will fulfill important aspects of the government's roadmap for economic development – Abu Dhabi Economic Vision: 2030.