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Abu Dhabi Securities Exchange reduces market share by up to 90%





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Abu Dhabi Stock Exchange

Abu Dhabi Stock Exchange

The Abu Dhabi Securities Market (ADSM) today announced that its market share from Monday will be reduced from 50% to 90%, making it the least expensive in comparison to the Middle East and North America (MENA) markets.

"This is a step in the direction of reducing costs for investors, increasing liquidity flows and increasing investment activity on the market and emirate," says WAM's statement.

The market fee of annual traffic of less than 250 million dirhams will be 5 base points or 0.05% transaction value, and for transactions of more than 1 billion AED during the year, the cost will move to one base point so the investor who Trading The fee will be calculated at 5 base points in relation to the first 250 million and then the commission is lower than 250 million during the year.

The new initiative is a major step towards achieving the goal of the "Tomorrow 2021" plan. to remove obstacles to easy business.

Her. Khalifa Al Mansouri, Chief Executive Officer of Abu Dhabi Securities Exchange, said: "ADSM is a platform for attracting funds inside and outside the country to provide liquidity and finance to listed companies and support them to expand their business through the various investment financial instruments it provides. Investments are crucial to promoting wealth and achieving the goals of sustainable development.

The Abu Dhabi Securities Market (ADX) seeks to diversify its investment financial instruments to market investors to support the various Abu Dhabi economic sectors, expand and expand the emirate's economic base and make it a regional business and investment center to achieve sustainable development goals and build strong platform for attracting investment. By removing obstacles and obstacles, and by stimulating and reducing investment costs, increase the frequency of investment flows that accelerate the pace of business in the various economic sectors.

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Source: WAM


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