Abu Dhabi Securities Exchange (ADX) has announced the appointment of Abdulla Salem Al Nuaimi as its new Chief Executive Officer. Al Nuaimi will continue to deliver on the ADX strategy and aspirations to transform the exchange to become the regional market of choice for investors. 

 

Al Nuaimi brings over 20 years of financial services experience. At ADX Al Nuami played an instrumental role in the development of ADX’s trading platform, helping to establish the first application of Blockchain technology in the UAE's financial sector. 

 

Al Nuami sits on the Advisory Board at Abu Dhabi University (ADU), College of Business and Economics, and is on the Board of Trustees at the Professional Training & Examinations Centre at the Securities and Commodities Authority (SCA). 

 

Capital markets development

Prior to being the COO of ADX, Al Nuami held several roles in the investment banking industry and his efforts contributed to the development of Abu Dhabi’s capital markets. 

 

Al Nuaimi said: “Abu Dhabi’s capital markets have witnessed significant growth over the past several years. I am honoured to have been entrusted to further cement ADX’s position amongst market leaders by delivering on its growth targets and value creation plans.” 

 

Al Nuami will seek to accelerate ADX’s range of products and services to maintain its competitiveness with a focus of harnessing the power of digital technology to increase access to investment opportunities, widening its investor base and enhancing market liquidity.

 

In 2022, foreign investment on ADX increased by 54% year-on-year to a record AED24 billion ($6.54 billion), while the number of new institutional investors registered on the exchange grew by 12%, a further demonstration of the confidence in the Emirate’s capital markets and the international appetite to gain exposure to Abu Dhabi’s vibrant economy through ADX.-- TradeArabia News Service