Number of foreign investors surges in Abu Dhabi's ADX - Arabianbusiness:
The number of non-UAE nationals who acquired an investor number at the Abu Dhabi Securities Exchange (ADX) went up by 25 percent in the first half of the year, ADX said in a statement.
In a performance update on the six months ending on June 30, ADX also said that three ADX-listed companies raised foreign ownership limits to 49 percent, while one increased to 40 percent, adding AED 6.3 billion of stock in these companies accessible to foreign investors.
A total of 55 ADX-listed companies are now accessible to foreign investors, representing 80 percent of the exchange. All the top 25 global asset managers are registered as investors on ADX.
Additionally, the ADX update noted that there were a total of 1,723 new investors were recorded in H1, of whom 1,497 were individual or retail investors and 226 were institutional investors. Of the individual or retail investors, just over half – 53 percent – were non-UAE nationals.
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