Abu Dhabi Securities Exchange (ADX) (formerly Abu Dhabi Securities Market) [ADSM]

(Arabic: ) is a stock exchange in Abu Dhabi, United Arab

Emirates (UAE). It was established on 15 November 2000 to trade shares of UAE
companies. There are trading locations in Abu Dhabi, Al Ain, Fujeirah, Sharjah, and Ras Al
Khaimah. The Dubai Financial Market (DFM) is a different exchange that trades shares of
other public UAE companies but investors can also trade ADSM shares with some of the
brokers based at DFM.
The ADSM has more companies listed than DFM but trading volume is usually much less.
During 2004-2005 there was a substantial increase in share prices and trading activity.
From the end of 2005 through until mid-2006 there was a significant downturn with the
overall ADSM index dropping just over 30% in the first six months of 2006.

Abu Dhabi Securities Exchange

ADX
Type

Stock Exchange

Location

Abu Dhabi, United Arab Emirates

Founded

2000

Currency

AED

No. of listing

67

s
Market cap

US$ 135 billion (May 22, 2014)

Volume

US$ 149 million (May 22, 2014)

Website

http://adx.ae/English/Pages/default.as
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Abu Dhabi Securities Exchange (ADX) (formerly Abu Dhabi Securities Market) [ADSM]
(Arabic: ) is

Today the city is the country's center of political and industrial activities, and a
major cultural andcommercial centre, due to its position as the capital. Abu Dhabi accounts
for about two-thirds of the roughly $400 billion United Arab Emirates economy.[5]
Abu Dhabi is home to important financial institutions such as the Abu Dhabi Securities
Exchange, the Central Bank of the United Arab Emirates and the corporate headquarters of
many companies and numerous multinational corporations. Abu Dhabi is also the
headquarters for BB&T. One of the world's largest producers of oil, Abu Dhabi has actively
attempted to diversify its economy in recent years through investments in financial
services and tourism.
Abu Dhabi is the fourth most expensive city for expatriate employees in the region, and in
2014 was the 68th most expensive big city in the world. [6] Fortune magazine and CNN stated
in 2007 that Abu Dhabi is the richest city in the world. [7]

The UAEs large hydrocarbon wealth gives it one of the highest GDP per capita in the world
and Abu Dhabi owns the majority of these resources 95% of the oil and 6% of gas. Abu
Dhabi thus holds 9% of the worlds proven oil reserves (98.2bn barrels) and almost 5% of
the worlds natural gas (5.8 trillion cu metres). Oil production in the UAE was in the region of
2.3m barrels per day (bpd) in 2010,[36] and projects are in progress to boost production to 3m
bpd. In recent years the focus has turned to gas as increasing domestic consumption for
power, desalination and reinjection of gas into oil fields increases demand. Gas extraction is
not without its difficulties, however, as demonstrated by the sour gas project at Shah where
the gas is rich in hydrogen sulphide content and is expensive to develop and process. [13]

The Heritage Village

Recently the government has been diversifying their economic plans. Served by high oil
prices, the countrys non-oil and gas GDP has outstripped that attributable to the energy
sector. Remarkably, non-oil and gas GDP now constitutes 64% of the UAEs total GDP. This
trend is reflected in Abu Dhabi with substantial new investment in industry, real estate,
tourism and retail. As Abu Dhabi is the largest oil producer of the UAE, it has reaped the
most benefits from this trend. It has taken on an active diversification and liberalisation
programme to reduce the UAEs reliance on the hydrocarbon sector. This is evident in the
emphasis on industrial diversification with the completion of free zones, Industrial City of
Abu Dhabi, twofour54 Abu Dhabi media free zone and the construction of another, ICAD II,
in the pipeline. There has also been a drive to promote the tourism and real estate sectors
with the Abu Dhabi Tourism Authority and the Tourism and Development Investment
Company undertaking several large-scale development projects. These projects will be
served by an improved transport infrastructure with a new port, an expanded airport and a
proposed rail link between Abu Dhabi and Dubai all in the development stages. [37]
Abu Dhabi is the wealthiest emirate of the UAE in terms of Gross Domestic Product (GDP)
and per capita income. More than $1 trillion is invested worldwide in this city alone. In 2010,

the GDP per capita also reached $49,600, which ranks ninth in the world
after Qatar,Liechtenstein and Luxembourg and many others. Taxation in Abu Dhabi, as in
the rest of the UAE, is nil for a resident and for a non-bank, non-oil company. Abu Dhabi is
also planning many future projects sharing with the Cooperation Council for the Arab States
of the Gulf (GCC) and taking 29% of all the GCC future plannings. The United Arab
Emirates is a fast-growing economy: in 2006 the per capita income grew by 9%, providing a
GDP per capita of $49,700 and ranking third in the world at purchasing power parity. Abu
Dhabi's sovereign wealth fund, theAbu Dhabi Investment Authority (ADIA), currently
estimated at US$ 875 billion, is the world's wealthiest sovereign fund in terms of total asset
value.[38] Etihad Airways maintains its headquarters in Abu Dhabi.[39]
Abu Dhabi's government is looking to expand revenue from oil and gas production to
tourism and other sorts of features which would attract different types of people. This goal is
seen in the amount of attention Abu Dhabi is giving to its International Airport. The airport, in
2009, experienced a 30%+ growth in passenger usage. [40] This idea of diversification of the
economy is also seen in the Abu Dhabi Economic Vision 2030 [41] planned by the Abu Dhabi
Urban Planning Council. In this plan Abu Dhabi's economy will be sustainable and not be
dependent on any one facet or source of revenue. More specifically the non-oil portion of
income is planned to be increased from about 40% to about 60%. [38]

The Saudi Arabian Monetary Agency (SAMA), established in 1952, is the central bank of
the Kingdom of Saudi Arabia.

Saudi Arabian Monetary Agency

Headquarters

Riyadh, Saudi Arabia

Established

4 October 1952; 62 years ago

Governor

Fahad Al Mubarak

Central bank of

Saudi Arabia

Currency

Saudi riyal
SAR (ISO 4217)

Website

www.sama.gov.sa

Board of Directors[edit]
Name

Governor, Fahad Al Mubarak

Position

Chairman

Vice Governor, Abdulaziz Salih Alfuraih

Vice Chairman

Abdulaziz bin Zaid Al Quraishi

Muhammad Obaid bin Saeed bin Zagar

Abdulaziz bin Muhammad Al Athel

Senior Management[edit]

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Organisational structure of SAMA as at May 2013.

Name

Position

Date of
appointment

Fahad Al Mubarak

Governor

13 December 2011

Abdulaziz Salih Alfuraih

Vice Governor

22 July 2014

Hashem Othman Al Hekail Deputy Governor for Banking Operations

Abdulaziz Abdulrahman Al
Helaisy

Deputy Governor for Supervision

Ahmed Abdulkarim Al

Deputy Governor for Research And

Kholifey

International Affairs

Ayman Mohammed Al
Sayari

Ali Abdulrahman Al
Mahmoud

2 May 2013

2 May 2013

2 May 2013

Deputy Governor for Investments

2 May 2013

Deputy Governor for Administration

2 May 2013