Ad Stock Exchange

The Function Of The Abu Dhabi Stock convert A Brief news report : The Abu Dhabi Securities Exchange (ADX) was established on 15 zero(prenominal)ember 2000 by topical anesthetic law No. (3) of 2000, the provisions of which vest the Market with a ratified entity of autonomous status, independent finance and management, and give ADX the prerequisite supervisory and executive powers to exercise its functions. These functions are: * Provide opportunities to endow savings and funds in securities in erect to realize study economy. * vouch the soundness and accuracy of proceeding and to exact in the interaction amid demand and supply in ramble to suss out prices. * Protect investors through establishing fair and proper dealings principles between various investors. * Impose stringent controls over securities transactions to go out sound and conduct procedure. * Develop investing awareness by conduction studies and issuing recommenda tions in order to ensure that savings are invested in productive sectors. * Ensure financial and sparing stability and develop trading methods in order to ensure liquidity and stability of prices of Securities listed on the market. Moreover, ADX has the trust to establish centers and branches outdoors the Emirate of Abu Dhabi.

To date it has done so in Fujeirah, Ras al Khaimah, Sharjah and Zayed City. The Abu Dhabi Securities Exchanges board of directors is comprised of septet members nominated by Amiri Decree. The members of the board hold office for a term of triplet years. The first board of direct ors was constituted by Amiri Decree No. (8) ! of 2000. ADX currently lists stocks from companies mostly based in the UAE or beside Persian Gulf states resembling Qatar and Oman. Its board is dominated by companies involved in the financial services sector the like banks and insurers. In early May 2008, the exchange announced that it had rebranded itself from ADSM to ADX, reticence with smoother new logo and aimed to add foreign...If you want to arrest a full essay, order it on our website: BestEssayCheap.com

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