UAE – Mubasher: Acting chief executive of the Abu Dhabi Securities Exchange (ADX) Khalifa Salem Al Mansouri has been in talks with the CEO of Singapore Exchange (SGX) Loh Boon Chye to boost relations between the two markets over the coming period, Emirates News Agency (WAM) reported.
This came on the sidelines of the 7th edition of the World Islamic Banking Conference (WIBC), Capital Markets Summit Asia, which was concluded on Wednesday in Singapore.
The GCC-ASEAN investment forum was held under the theme ‘Strengthening Investment Outlook through Robust Capital Markets’ and was attended by over 250 professionals.
Both parties have tackled potential ways of collaborations, investment opportunities, and the obstacles and challenges that face global capital markets in line with ADX’s strategy in supporting its leading position in the region.
Khalifa Salem Al Mansouri said: “The SGX plays a key role in Asia's securities and derivatives sector, offering the world's largest offshore market for Asian equities index derivatives. ADX is keen to explore every opportunity to strengthen the Exchange’s regional standing and to attract more foreign investors and capital seeking a fair and transparent investment environment.”
He added that the ADX always seeks cooperation with other global financial markets to expand its partners and investors base and to achieve mutually beneficial results.
The number of Singaporean investors in the ADX reached 123 at the end of the first half of 2019, including 19 institutional investors.
Moreover, the trading value of Singaporean investors on the ADX, including buying and selling transactions, in H1-19 amounted to AED 1.3 billion.
