Abu Dhabi National Oil Company for Distribution PJSC (ADNOC Distribution) successfully listed its shares on the Abu Dhabi Securities Exchange (
ADX) today following a bell ringing ceremony led by HE Dr Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO and HE Hamad Al Shamsi, Chairman of the
ADX.
The Forum aimed to introduce and keep partners up-to-date with the latest services and mechanisms, designed by
ADX, to support listed companies' compliance with the disclosure and transparency requirements of the market.
3 percent of
ADX total trading during the same period, which amounted to around Dh56.
The launch of X-Stream is the culmination of a vast amount of work done by both
ADX and our partners at Nasdaq OMX to achieve a faultless transition, and it is a proud moment for us to make X-Stream available for our investors, brokers and other stakeholders.
In May, UAE stock markets,
ADX and Dubai Financial Market, will be upgraded to MSCI Emerging Markets index.
ADX has reached an agreement whereby Gulfsands Petroleum Plc ("Gulfsands") withdraws from the Kerkouane Permit offshore Tunisia and
ADX transfers its entire remaining non-operated 30% participating interest in its onshore Chorbane exploration permit to Gulfsands for a cash consideration of USD1.
DMI+ and DMI- converged;
ADX is at the bottom of the scale and is going downwards, indicating the local flat trend.
Following signing of the Production Sharing Contract for the Chorbane Permit in September 2009,
ADX has undertaken detailed evaluation work which led to the high ranking of the Sidi Daher prospect due to a seismic DHI (direct hydrocarbon indicator).
The
ADX Network now enables any-to-any document translation, providing large enterprises with the capability to transfer a wide array of critical business documents with suppliers using any data standard, dialect or intermediary, including all EDI, XML, VAN and flat file formats.
ADC's new
ADX Active Digital Cross-Connect system is an innovative solution for connecting wireless networks and exchanges.
ADX will be providing services for the issuance of Investor Numbers and the amendment of investor data on Sunday, December 3rd at all
ADX branches except in the Western Region.
Saif Sayah Al Mansoori, Senior Head of Listed Companies Affairs Department at
ADX commented: "The collaboration between
ADX and its listed companies has always proved to be a productive one.
