The Abu Dhabi IPO Fund (ADIPOF) and the Abu Dhabi Securities Exchange (ADX) have signed a Memorandum of Understanding towards accelerating the development of Abu Dhabi’s capital market landscape.

The agreement, signed by H.E. Sameh Al Qubaisi, Director General of Economic Affairs at the Abu Dhabi Department of Economic Development (ADDED) and Mr. Saeed Hamad Al Dhaheri, Managing Director and Chief Executive Officer of ADX on the 2nd of March on the side-lines of the Investopia 2023 summit in Abu Dhabi, is meant to re-enforce the emirate’s robust financial sector by helping pave the way for potential IPO ready companies.