Abu Dhabi Securities Exchange (ADX) took part in the The Fifth Annual Research Symposium in Business and Economics organized by the School of Business and Management of the American University of Sharjah.
Mr. Rashed Al Baloushi, CEO of ADX, partook in a panel discussion on Accountability and Transparency. ADX CEO addressed ccorporate transparency in the aftermath of the recent financial scandals worldwide. He also talked about rules and regulations put in place by ADX to improve corporate transparency and how ADX is enforcing these rules.
“ADX requires listed companies with securities traded on the exchange to ensure appropriate transparency through a regular flow of information to the markets and to the market participants. This information consists of yearly, half-yearly and quarterly financial information, and on-going information on major holdings of voting rights.” ADX CEO said during his panel discussion.
Of participating in the AUS organized symposium, ADX CEO said “The event allows ADX tothe academic community in the UAE of the recent developments in the financial markets. It also inspires closer cooperation on research between ADX and various public and private academic institutions”.
“At ADX we are eager to play an active role in the progress and prosperity of the UAE; we are committed to supporting research activities throughout various educational sectors.
Universities are responsible for remarkable growth in the amount and type of research that contributes to the advancement of the country. We are keen to link our services to the needs of the community, thus creating a unique opportunity to form partnerships with interested organizations.” Added Mr. Al Baloushi.
It is worth mentioning that ADX CEO Mr. Rashed Al Baloushi, visited the American University of Sharjah (AUS) in November of last year where he delivered a presentation for AUS students on the structure of Abu Dhabi Securities Exchange and the latest developments in global financial markets
Gulfbase
