Dubai
Abu Dhabi Securities Exchange (ADX) said it has awarded SICO with the first non-UAE licence to serve as market maker, making it the fifth registered Market Maker on the Exchange.
SICO BSC is a regional asset manager, broker, market maker and investment bank based in Bahrain, and has been the leading market maker on the Bahrain Bourse since 1995.
“Awarding a new market maker license represents yet another milestone in ADX history, pointing to our willingness to expand our investor base, and continually improve market liquidity. Increasing the number of market makers on the Exchange is a key part of our long-term strategy of promoting Abu Dhabi to a wider range of international and domestic investors who can benefit from its competitive yet friendly business environment,” Chief Executive of ADX, Rashed Al Beloushi said in a statement.
