UAE: DFM, ADX close higher on Wednesday
Meanwhile, the FTSE ADX General Index (FADGI) of the Abu Dhabi Securities Exchange (ADX) edged up 0.197% to end at 9,568.53 points.
© 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fintech News ME
19 hours ago
- Fintech News ME
Abu Dhabi Securities Exchange, HSBC, FAB Begin Pricing for MENA's First Blockchain Bond
The Abu Dhabi Securities Exchange (ADX) has initiated the pricing stage for what will be the region's first bond issued using distributed ledger technology (DLT). The bond, issued by First Abu Dhabi Bank (FAB) via HSBC Orion, a digital assets platform operated by Hong Kong's Central Moneymarkets Unit (CMU), marks a notable development in ADX's efforts to support financial innovation and the UAE's digital economy agenda. The listing is the result of a collaboration between ADX, FAB, and HSBC, combining regional financial institutions with international digital issuance expertise. The structure of the bond has been supported by major international law firms to ensure compliance with global governance standards. Institutional investors will be able to access the digital bond through accounts held with CMU, Euroclear, or Clearstream. Participation is available either as a direct HSBC Orion participant or through custodians connected to these platforms. Digital bonds, or fixed-income instruments recorded on blockchain, are intended to enhance efficiency, shorten settlement cycles, reduce counterparty risks, and improve transparency and security. Their introduction on ADX is part of a broader strategy to diversify financial offerings and integrate tokenised finance into the capital markets. HSBC acted as the sole global coordinator, lead manager, and bookrunner for the transaction, playing a key role in bringing blockchain-based issuance to the region. Abdulla Salem Alnuaimi, Chief Executive Officer of ADX, stated: 'The successful issuance of MENA's first blockchain-based digital bond, in close collaboration with FAB and HSBC, marks a defining moment in our journey to transform capital markets through innovation. ADX was central in facilitating this milestone, ensuring the bond's seamless integration with existing post-trade infrastructure and compatibility with global settlement standards.' Mohamed Al Marzooqi, Chief Executive Officer, UAE, HSBC Bank Middle East Limited, said: 'The successful launch of MENA's first digital bond on ADX using HSBC Orion shows how we are transforming the promise of tokenisation into reality for our region. By combining our global experience with trusted local partners, ADX and FAB, we're helping bolster the region's capital markets, making them more transparent, efficient and accessible to investors.' Designed to be compatible with global settlement infrastructure, the bond aims to bridge traditional financial markets with digital issuance models, supporting broader institutional access to digital securities.
Al Etihad
21 hours ago
- Al Etihad
Al Seer Marine secures Dh760 million ADCB facility to finance its expansion plans
9 July 2025 10:07 ABU DHABI (ALETIHAD)Al Seer Marine Supplies & Equipment Company, a leading player in the maritime sector and a subsidiary of International Holding Company (IHC), has secured a Dh760 million ($207 million) financing facility from Abu Dhabi Commercial Bank (ADCB) to support the next phase of its growth eight-year facility is backed by first-priority mortgages on selected operating vessels and marks the second major transaction between ADCB and Al Seer Marine. In early 2025, ADCB extended a Dh210 million ($57 million) facility to ASBI Shipping FZCO — a joint venture between Al Seer Marine and B Shipping — to fund acquisitions of small and midsize LPG on the development, Guy Neivens, CEO of Al Seer Marine, said, 'We're proactively optimising our capital structure to unlock high-value, high-growth opportunities and reinforce our role as a powerhouse in delivering the UAE's maritime vision. ADCB's continued partnership reflects deep institutional trust in our long-term strategy.'The company said the funding will reinforce capital efficiency and enable asset-backed expansion across LNG, LPG, crude oil, and petrochemical shipping segments. Al Seer Marine continues to attract the confidence of both local and global institutions, having previously secured support from Abu Dhabi Islamic Bank (ADIB), First Abu Dhabi Bank (FAB), and China's BOCOM this financial backing, Al Seer Marine is also driving strategic investments in areas such as naval shipbuilding, autonomous Unmanned Surface Vehicles (USVs), and advanced manufacturing, including the world's largest 3D printer. The company positions itself as a future-ready maritime leader with capabilities spanning commercial shipping, yacht operations, and high-tech marine innovation. It is an ADX-listed company with a market capitalisation of Dh3.94 billion.
Gulf Business
2 days ago
- Gulf Business
ADX sees 99.5% surge in foreign net investment in H1
Image credit: WAM/Website The According to official ADX data, foreign net investment surged by 99.5 per cent year-on-year, reaching Dhs13.6bn in H1 2025, compared to Dhs6.84bn in the same period in 2024. The total trading value also experienced a notable increase of 33.5 per cent, rising from Dhs134.4bn to approximately Dhs179.5bn, Meanwhile, the average daily trading value climbed by 31.4 per cent, up from Dhs1.1bn to around Dhs1.45bn, reflecting heightened trading activity and liquidity. Image credit: WAM/Website ADX, HSBC, and FAB launch region's first digital bond This bond listing represents a strategic collaboration between ADX, FAB, and HSBC, blending local market leadership with global expertise in digital issuance. HSBC Orion, operated by the Central Moneymarkets Unit (CMU) in Hong Kong, serves as the underlying digital infrastructure. The transaction was also structured with input from international law firms, ensuring high standards of governance. Pioneering tokenised finance in the region ADX emphasized that the listing of the digital bond is a key step in its broader strategy to expand its portfolio of innovative financial products and solidify its position as a pioneer in tokenised finance. Digital bonds—fixed-income instruments recorded and issued via blockchain—offer a range of operational benefits. These include faster settlement cycles, enhanced transparency, improved security, and reduced counterparty risk for institutional investors. The bond is accessible to global investors through accounts with CMU, Euroclear, and Clearstream. It is also available via onboarding to HSBC Orion or through existing custodians linked to one of the participating entities. Industry leaders highlight significance of innovation HSBC played a central role in the transaction as the sole global coordinator, lead manager, and bookrunner. The bank's leadership in end-to-end blockchain-based issuance was pivotal to bringing this technology to the MENA region. Abdulla Salem Alnuaimi, Group CEO of ADX, commented, 'The successful issuance of MENA's first blockchain-based digital bond, in close collaboration with FAB and HSBC, marks a defining moment in our journey to transform capital markets through innovation.' Lars Kramer, Group CFO of FAB, added, 'Together with ADX and HSBC, we are setting new benchmarks in efficiency, transparency, and security, while aligning with the UAE's progressive regulatory framework.' Mohamed Al Marzooqi, CEO, UAE, HSBC Bank Middle East Limited, said, 'The launch of MENA's first digital bond on ADX using HSBC Orion shows how we are transforming the promise of tokenisation into reality for our region.' Designed to integrate seamlessly with global post-trade infrastructure, the digital bond bridges the gap between traditional financial systems and emerging blockchain-based models, supporting wider institutional access and participation.
