"Abu Dhabi Securities": join "First Abu Dhabi" General clearing member in the market
ABU DHABI, April 23, 2017 (WAM) – The Abu Dhabi Securities Exchange Group announced the expansion of its system beyond trading, through the joining of First Abu Dhabi Bank as a general clearing member in the market, in a step that represents a major milestone in the group’s efforts to develop its infrastructure, and in a way that contributes to enhancing the participation of institutional and international investors.
According to a press release issued today, First Abu Dhabi Bank joins the growing network of general clearing members, strengthening the market clearing framework and supporting easy access to capital markets in Abu Dhabi.
The bank obtained the necessary approvals from the UAE Capital Market Authority and Abu Dhabi Clearing Company to provide clearing services for securities listed in the emirate’s market.
The expansion of the network of general clearing members allows market participants to improve capital efficiency, simplify operations, and benefit from clearing services compatible with the best international standards, thus enhancing the position of the Abu Dhabi Securities Exchange as a major gateway to regional and international capital flows.
As global investments move towards efficient and regulated markets, the International Monetary Fund points out the increasing importance of emerging markets in attracting cross-border investments.
Abu Dhabi Clearing Company continues to play a pivotal role in this framework, as it has cleared transactions worth approximately 400 billion dirhams during the year 2025, and is currently managing guarantees worth more than 7 billion dirhams, in a step that confirms the safety and flexibility of the market.
Abdullah Salem Al Nuaimi, CEO of the Abu Dhabi Securities Exchange Group, said: Expanding the network of general clearing members represents a strategic goal within our plan to develop the market infrastructure, in a way that supports the efficiency of capital flows and enhances liquidity levels. We have noticed that such initiatives contribute fundamentally to the momentum of trading, as the trading values of institutional investors increased by 10% on an annual basis, while foreign investors’ trading grew by about 13%, which reflects the growing confidence of global investors in the Abu Dhabi Securities Market. Finance, and with our continuing efforts to expand this network, we are working to consolidate the market’s position as an interconnected global platform that supports the ambitions of the Emirate of Abu Dhabi to attract investments, enhance market depth, and achieve sustainable economic growth.
Ahmed Nusair, CEO of post-trading services at the Abu Dhabi Securities Exchange Group, said that the joining of First Abu Dhabi Bank as a general clearing member will strengthen the clearing system, raise the efficiency of post-trading operations, and support risk management, thus establishing a more flexible and liquid market environment.
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