Abu Dhabi Securities Market asks banks to divulge Saudi Exposures, warns of suspension.Dubai, 30 Sept: Abu Dhabi Securities Market Abu Dhabi Securities Market (ADSM) (Arabic: سوق أبوظبي للأوراق ألمالية) is a stock exchange in Abu Dhabi, United Arab Emirates (UAE). (ADX ADX Average Directional Movement IndexADX Automatic Data Exchange Adx Adrenodoxin ADX Adrenalectomized ADX Accumulation/Distribution Index ADX Air Defense Exercise ADX Administrative Maximum Facility ADX Address Cross Reference ) announced it has directed listed banks to provide details of exposure and provisions taken to troubled Saudi groups Saad and Algosaibi. Abu Dhabi Securities Market sent out a circular urging banks to provide any exposure details by Sept. 30 or to let ADX know by which date banks can provide those details. Banks have been responding to our circular but so far no trading has been suspended," Khaled Al Suwaidi, head of listing companies department said adding that it is part of the exchange's regulatory measures. Al Bawaba / Euclid Infotech Monitoring (Arabic to English) Provided by Syndigate.info an Albawaba.com company |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion