CAIRO – 16 July 2020: Abu Dhabi Securities Exchange (ADX) reviewed Thursday its performance during the first half of 2020. It stated that three ADX-listed companies raised foreign ownership limits to 49 percent and one increased to 40 percent, adding AED6.3 billion of stock in these companies accessible to foreign investors. “55 ADX-listed companies now accessible to foreign investors, representing 80 percent of the exchange,” it added. Al Mansouri commented on the merging between TAQA and Abu Dhabi Power’s, saying that on 1st July 2020, Abu Dhabi National Energy Company (ADX: TAQA) completed the merger of its energy and water assets with certain of Abu Dhabi Power’s. It also answers to the growing demand among investors for enhanced transparency on listed companies’ ESG practices, given growing concerns about sustainability.

Source: Egypt Today July 16, 2020 15:15 UTC