The growing market on the Abu Dhabi Stock Exchange (ADX) sees growing interest from Emirati private and family businesses

Dr. Faisal Ali Mousa, Chairman of FAM Holding

DUBAI, UNITED ARAB EMIRATES, May 10, 2022 /EINPresswire.com/ —

• New Abu Dhabi Stock Exchange regulations attract more international investors, improve fair price discovery and enhance transparency and levels of disclosure

• FAM Holding looks forward to receiving final approval for listing on Abu Dhabi’s ‘Second Market’, which has recently been rebranded as ‘Growth Market’

• Listing will allow individuals and institutions to invest in one of the fastest growing property development companies in the UAE

Secondary listings on the Abu Dhabi Stock Exchange (ADX) are attracting increased interest from Emirati private and family businesses due to new exchange regulations that attract more international investors, improve fair price discovery and improve transparency and levels of disclosure.

This is according to Dr. Faisal Ali Mousa, Chairman of FAM Holding, a major property developer based in Sharjah in the United Arab Emirates, which will soon be listed on Abu Dhabi’s “Second Market”, which has recently been rebranded as the “Second Market”. the growth “.

FAM Holding will capitalize on the wave of IPOs in the second largest stock market in the Middle East, allowing it to begin a growth phase that will transform it into a larger and more international player in the real estate sector. .

Founded in 2009, the property developer has an investment portfolio worth AED 2 billion and 5,750 residential apartments in the UAE.

Dr. Faisal Ali Mousa, Chairman of FAM Holding, said: “Listing on the ADX Growth Market is a sound option for private and family businesses with strong positions and significant growth potential, as it gives them helps them grow their businesses and businesses faster, in preparation for an IPO. on the primary market at a later stage.”

In response to the growing number of private and family businesses seeking to list their shares on the market, the UAE’s secondary market has recently seen tremendous momentum, he said.

This is a result of the financial market’s efforts to broaden investment opportunities by increasing the number of listed companies and providing more options to investors, he added.

Following its conversion into a private joint-stock company with share capital of AED50 million and obtaining initial clearance for listing on ADX, FAM Holding has announced its intention to list its shares on the growing from the ADX.

Growth market ADX, with a market capitalization of AED62 billion, recorded a “robust performance” in 2021, with the value of shares traded exceeding AED16 billion, while the total number of companies listed on the market rose to 13.

ADX contains two markets: ADX’s main market is where investors buy and sell securities they already own after the company sells its primary market offering; while ADX’s second market (Growth Market) is part of ADX’s existing infrastructure for listing private companies where investors can buy and sell private company securities.

Mousa said listing on the Growth Market has many benefits for companies and individual investors. Listing and trading requirements, especially those related to disclosure, transparency and adherence to the highest institutional standards, build investor confidence in publicly traded companies. They also benefit from excellent investment opportunities in companies with solid foundations and strong growth potential.

For listed companies, listing opens up vast opportunities to expand their operations and activities within their target markets.

“We look forward to receiving final approval for this listing soon, which will allow individuals and institutions to invest in one of the fastest growing property development companies in the UAE,” he said. added.

FAM Holding was established in 2009 and is one of the largest property developers in Sharjah and the Northern Emirates. It has ongoing operations in Sharjah, Ajman and Ras Al Khaimah. With a focus on developing quality properties at affordable prices for middle-income people, with flexible payment terms ranging from 6 to 10 years, FAM Holding has attracted a wide range of domestic and foreign investors to the search for promising opportunities offered by the real estate market.

As part of its long-term strategy, the company also intends to expand into several markets in the region and is expanding its strategy and operations to improve its revenue streams and further support the economic development of the UAE.

Vince Ang
New Perspective Media Group
+971 554739253
write to us here

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