Finance House Plans Dh300 Million Investment To Strengthen Abu Dhabi Capital Market Liquidity

In a significant development for the UAE's financial sector, Finance House and Finance House Securities have entered into a pivotal agreement with the Abu Dhabi Securities Exchange (ADX). This collaboration is set to inject Dh300 million into the local market, courtesy of Finance House through Finance House Securities. The move aims to ramp up investments and enhance the liquidity of the equity market, marking a strategic step towards bolstering the financial markets' stability and liquidity in the region.

The initiative is part of a broader effort to align with the ADX's vision and objectives, focusing on reinforcing the financial stability and liquidity in the UAE's market. The agreement underscores a mutual commitment to fostering economic growth and sustainable development within the country. By leveraging Finance House's financial resources and improving Finance House Securities' operational efficiency, the partnership anticipates a long-term beneficial impact on the market's dynamics.

T.K. Raman, the CEO of Finance House, said: "This agreement reflects the commitment of Finance House and Finance House Securities to provide solutions that meet best practices. Our goal is to enhance liquidity and stability in the financial markets while stimulating economic activity in the UAE," Raman stated. He emphasized the importance of innovation for succeeding in the markets and how the achievements overseen by ADX play a crucial role in driving the nation's economic growth and sustainable development.

Ayman Al Khatib, General Manager and Managing Director of Finance House Securities, mirrored this sentiment, noting: "This agreement is a significant step towards maximising Finance House's financial resources, improving operational efficiency at Finance House Securities, and contributing to better capital utilisation. We also expect a long-term positive impact on the markets," Al Khatib remarked.

The collaboration between Finance House, Finance House Securities, and ADX is a testament to the collective dedication to propelling the UAE's economic development forward and empowering the market to realize sustainable growth.

By focusing on innovation and adherence to best practices, this strategic move is poised to make a substantial contribution to the country's financial landscape, ensuring a robust, liquid, and stable market that supports economic activities and fosters investor confidence.