Its capital has multiplied 114 times since its foundation. Capital markets are a mirror of the prosperity of the national economy

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The UAE stock markets have been able to keep up with the rapid growth witnessed by the UAE economy since the establishment of the federation some 51 years ago, after being a true mirror of the country’s prosperity and economic growth, with multiple increases in market value. more than 114 times, exceeding 3.2 trillion dirhams, 22 years after its establishment.

The continued success of local stock exchanges is a reflection of the march of prosperity, development and prosperity of the national economy, with constant and continuous support under the wise leadership of His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the State, “may God protect him” and His Highness Sheikh Mohammed bin Rashid Al Maktoum , Vice President and Chairman of the Council of Ministers and Ruler of Dubai, “may God protect him”, with the aim of strengthening the position of the market at the regional and global level, and doubling the market value of the financial markets of Abu Dhabi and Dubai, to reach 6 trillion dirhams over the next three years.

According to monitoring by the Emirates News Agency, WAM, the market capitalization of shares listed on the local financial markets increased more than 114 times, jumping from 28.4 billion dirhams at the end of 2020, distributed to 21.1 billion for the Dubai market and 7.3 billion. billion dirhams for the Abu Dhabi market, to reach 3.247 trillion Dirhams by the end of November 2022, of which 2.66 trillion are for the Abu Dhabi market and 582.4 billion for the Dubai market.

The UAE markets witnessed a significant increase in the number of listed companies, reaching 142 companies, including 67 companies on the Dubai Financial Market, including 14 dual-listed companies, and around 88 companies listed on the Abu Dhabi Stock Exchange, including 75 public and 13 private companies, while the market includes and 13 investment funds and 39 debt instruments (bonds and sukuk).

The big jump in the number of listed companies and the doubling of the market value of local markets is an extraordinary reflection of economic trends and meeting the needs of economic development, which began to take on an integrated and organizational framework in the construction of state institutions. , especially after the establishment of the Union of States, which had the greatest influence in creating an economy that has all the necessary ingredients for its existence and development.

status

The position currently occupied by the UAE markets and their continued support to the national economy is the culmination of continuous efforts within the integrated strategic plan developed by the Securities and Commodities Authority and the markets of Abu Dhabi and Dubai with the aim of achieving leadership in the development of financial markets and contributing to support the growth of the national economy, according to the best international standards and practices, in order to increase the competitiveness of the country In various indicators, reports and international forums.

The UAE markets derive their strength from several objective criteria related to the general indicators of the country’s economy, such as the size of the domestic product, income per capita, the government’s stability in the economic decisions it makes and other things available in the national economy of the UAE, which characterize the strength, solidity and good growth rates not available in other countries Many emerging markets and even some developed global markets.

The development and growth of the UAE market was not only limited to the local level, but also expanded to the global level after the UAE managed to establish its position on the global stock map with the recognition of Morgan Stanley, which decided to upgrade the UAE markets to the market index in emerging after seeing the improvement resulting from the Continuous Development in a step that contributed to the increase in the flow of foreign investment, in addition to the promotion of the S&P Dow Jones index and the FTSE secondary index of emerging markets, which contributed to the improvement of the competitiveness of these markets at the global level and to the increase of the attractiveness of the country’s market foreign investors.

The Securities and Commodities Authority has been in charge since its establishment in 2000 after the late father, Sheikh Zayed bin Sultan Al Nahyan, “may God rest his soul”, issued Federal Law no. And the goods market at the legislative, supervisory and regulatory level, according to scientific and professional bases that adopt the best international standards in this area.
From the first day of its foundation, the Agency started licensing and regulating financial markets, and strengthening its leading position at the local, regional and global level, while enjoying legal personality, financial and administrative independence and all the necessary regulatory, supervisory and executive powers to perform its duties in accordance with the provisions of the law and adopted regulations.

achievements

The most outstanding achievements in the markets under the leadership of the Securities and Commodities Administration were the development of an integrated legislative system for financial and commodity markets in the country, which includes more than 100 laws that differ between regulations and decisions, and the number of financial services activities licensed by the Agency in accordance with the best international practice. More than 200 distributed across 12 activities, including securities brokerage, commodity brokerage, clearing, safe custody, financial consulting and financial analysis, private company share register, investment management, financial advisor – issue manager, promotional activity, establishment and management of investment fund, listing advisor and investment fund management services.

The Securities and Commodities Authority has spared no effort to monitor daily transactions in the markets through the best electronic control systems, to detect any manipulation, fraud or insider trading, and audit insider trading during the ban period, for periodic and extraordinary inspections markets of licensed companies, detects fraud and violations, and takes the necessary measures against violators in accordance with laws and regulations.

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