Khaled bin Mohamed bin Zayed launches AED5bn Abu Dhabi IPO Fund
- Fund will act as catalyst to strengthen Abu Dhabi Securities Exchange (ADX)’s position as a leading stock market
- Investment will be offered to 5-10 private sector companies listing on ADX per year, to help them grow and support them through IPO process
- Aims to encourage private sector companies, including SMEs, to list on ADX, as part of efforts to deepen financial markets and promote investment culture across the UAE economy
- Fund will be overseen by Supreme Council for Financial and Economic Affairs and managed by Abu Dhabi Department of Economic Development (ADDED)
