Company Insights Abu Dhabi Securities Exchange Markets Abu Dhabi Securities Exchange Overview The Abu Dhabi Securities Exchange, also known as ADX, is a stock exchange in Abu Dhabi in the UAE that was founded in November 2000. It is owned by the Abu Dhabi Developmental Holding Company, one of the Abu Dhabi government’s main sovereign wealth funds, and claims to be the second largest market in the Arab region. As of March 2025 it had just under 190 companies listed, in six sectors: financial, insurance, hotels, industrial, services and energy. The total market capitalisation at that time was just over $800 billion. ADX is used as a platform for trading securities, including shares of public joint-stock companies, debt instruments, exchange-traded funds and derivatives. In 2024 ADX accounted for 27 percent of the IPO proceeds raised in the Middle East. Its main branch is in Abu Dhabi city and it also has branches in Al Ain and Sharjah. ADX has two subsidiaries that it launched in 2025: AD Clear, a central counter-party clearing house and AD CSD, a central securities depository. Abu Dhabi Securities Exchange News Retail Lulu profit and revenue up as online sales grow by quarter Net profit of Lulu Retail, the largest grocery retailer in the GCC, increased in the first quarter of 2025, supported by higher online sales. Net profit grew 16 percent year on year to $70 million, with net profit margin rising to 3 percent, up 25 basis points annually, the retailer said in a statement published […] May 14, 2025 Manufacturing Fertiglobe buys Australia’s Wengfu fertiliser company Abu Dhabi-listed Fertiglobe, the largest nitrogen fertiliser producer in the Middle East and North Africa, is to acquire Wengfu’s fertiliser distribution business assets in Australia. The final value of the deal will be determined at closing, subject to regulatory approvals, the company said in a statement to the Abu Dhabi bourse on Monday. Wengfu Australia Pty […] May 12, 2025 Oil & Gas Adnoc Drilling to pay quarterly dividends Adnoc Drilling, a subsidiary of state-backed oil major Adnoc, will begin paying quarterly dividends, starting with $217 million for the first quarter of 2025. This comes as the company reported a 24 percent year-on-year jump in net profit to $341 million during the quarter ended March 2025. Revenues surged 32 percent yearly to $1.2 billion, […] May 8, 2025 Logistics AD Ports to break ground on Egypt logistics park this year State-controlled AD Ports Group and Egypt government-backed Suez Canal Economic Zone have signed a 50-year renewable deal to develop and operate a 20 sq km logistics and industrial park near the coastal city of Port Said on the Mediterranean Sea. The Abu Dhabi-based ports operator will develop, construct, finance, operate and manage the industrial and logistics zone in […] May 5, 2025 Tech UAE’s Phoenix expands Ethiopian bitcoin mining Phoenix Group, an Abu Dhabi-listed blockchain and cryptocurrency company, has expanded its bitcoin mining operations in Ethiopia, securing an additional 52 megawatts (MW) of power supply. The latest move brings the company’s total capacity in the African country to 132MW and raises its global capacity to more than 500MW across five countries, it said in […] May 2, 2025 Petrochemicals Borouge net profit increases to $281m for first quarter UAE petrochemical company Borouge reported a rise in profit for the first quarter, driven by higher production and revenue. Net profit for the three months to March rose to $281 million, on the back of an increase in sales volumes and cost reduction, the company said in a statement. Production volumes rose 7 percent year […] April 30, 2025 Food & Drink Americana reports growth in revenue and profit Americana Restaurants reported a higher net income for the first quarter of 2025 compared with this time last year, as a consumer boycott targeted at the company’s brands related to the Gaza conflict eased. Net profit in the three months to March grew 16.5 percent in the quarter to $32.6 million, driven by higher revenue […] April 30, 2025 Banking and Finance First Abu Dhabi Q1 profit rises by nearly a quarter First Abu Dhabi Bank (FAB) reported an increase in profits in the first quarter of this year, fuelled by higher revenue from its retail, wholesale and investment banking segments. FAB’s net profit rose 23 percent to AED5.1 billion ($1.4 billion) in the January to March period, while revenue saw an 11 percent growth to AED8.8 […] April 29, 2025 Retail Dubai Holding-backed retailer Azadea puts IPO on hold Azadea Group, which is backed by an investment company owned by Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum, has put its initial public offering on the back burner, it has been reported. Dubai Holding acquired a minority stake in the Beirut-based retailer in 2018, valued at $1 billion. The IPO pause is not down to […] April 15, 2025 Markets Foreign activity fuels ADX trading volume Foreign and institutional investors were highly active on the Abu Dhabi Securities Exchange (ADX) in the first quarter of 2025, boosting trading volumes by more than half. The value of foreign investor trades (buy and sell) rose by 62 percent to AED70 billion ($19 billion) in the January to March period from AED43 billion a […] April 14, 2025 Posts navigation 1 2 … 10 Next
Retail Lulu profit and revenue up as online sales grow by quarter Net profit of Lulu Retail, the largest grocery retailer in the GCC, increased in the first quarter of 2025, supported by higher online sales. Net profit grew 16 percent year on year to $70 million, with net profit margin rising to 3 percent, up 25 basis points annually, the retailer said in a statement published […] May 14, 2025
Manufacturing Fertiglobe buys Australia’s Wengfu fertiliser company Abu Dhabi-listed Fertiglobe, the largest nitrogen fertiliser producer in the Middle East and North Africa, is to acquire Wengfu’s fertiliser distribution business assets in Australia. The final value of the deal will be determined at closing, subject to regulatory approvals, the company said in a statement to the Abu Dhabi bourse on Monday. Wengfu Australia Pty […] May 12, 2025
Oil & Gas Adnoc Drilling to pay quarterly dividends Adnoc Drilling, a subsidiary of state-backed oil major Adnoc, will begin paying quarterly dividends, starting with $217 million for the first quarter of 2025. This comes as the company reported a 24 percent year-on-year jump in net profit to $341 million during the quarter ended March 2025. Revenues surged 32 percent yearly to $1.2 billion, […] May 8, 2025
Logistics AD Ports to break ground on Egypt logistics park this year State-controlled AD Ports Group and Egypt government-backed Suez Canal Economic Zone have signed a 50-year renewable deal to develop and operate a 20 sq km logistics and industrial park near the coastal city of Port Said on the Mediterranean Sea. The Abu Dhabi-based ports operator will develop, construct, finance, operate and manage the industrial and logistics zone in […] May 5, 2025
Tech UAE’s Phoenix expands Ethiopian bitcoin mining Phoenix Group, an Abu Dhabi-listed blockchain and cryptocurrency company, has expanded its bitcoin mining operations in Ethiopia, securing an additional 52 megawatts (MW) of power supply. The latest move brings the company’s total capacity in the African country to 132MW and raises its global capacity to more than 500MW across five countries, it said in […] May 2, 2025
Petrochemicals Borouge net profit increases to $281m for first quarter UAE petrochemical company Borouge reported a rise in profit for the first quarter, driven by higher production and revenue. Net profit for the three months to March rose to $281 million, on the back of an increase in sales volumes and cost reduction, the company said in a statement. Production volumes rose 7 percent year […] April 30, 2025
Food & Drink Americana reports growth in revenue and profit Americana Restaurants reported a higher net income for the first quarter of 2025 compared with this time last year, as a consumer boycott targeted at the company’s brands related to the Gaza conflict eased. Net profit in the three months to March grew 16.5 percent in the quarter to $32.6 million, driven by higher revenue […] April 30, 2025
Banking and Finance First Abu Dhabi Q1 profit rises by nearly a quarter First Abu Dhabi Bank (FAB) reported an increase in profits in the first quarter of this year, fuelled by higher revenue from its retail, wholesale and investment banking segments. FAB’s net profit rose 23 percent to AED5.1 billion ($1.4 billion) in the January to March period, while revenue saw an 11 percent growth to AED8.8 […] April 29, 2025
Retail Dubai Holding-backed retailer Azadea puts IPO on hold Azadea Group, which is backed by an investment company owned by Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum, has put its initial public offering on the back burner, it has been reported. Dubai Holding acquired a minority stake in the Beirut-based retailer in 2018, valued at $1 billion. The IPO pause is not down to […] April 15, 2025
Markets Foreign activity fuels ADX trading volume Foreign and institutional investors were highly active on the Abu Dhabi Securities Exchange (ADX) in the first quarter of 2025, boosting trading volumes by more than half. The value of foreign investor trades (buy and sell) rose by 62 percent to AED70 billion ($19 billion) in the January to March period from AED43 billion a […] April 14, 2025
