Abu Dhabi Securities Exchange appoints new CEO

Abu Dhabi Securities Exchange (ADX) reported on Sunday, November 1, that it has appointed Saeed Hamad Obaid Al Dhaheri as its new CEO.

Al Dhaheri has held a number of other prominent positions within the Abu Dhabi government. The most recent of which included serving as the CEO of Abu Dhabi National Energy Company (TAQA), a role which he was appointed to in May 2016

He oversaw the merger with Abu Dhabi Power, a transaction that elevated TAQA to become one of the largest companies listed on ADX, positioning it among the top 10 integrated utilities companies in the EMEA region.

Prior to TAQA, Al Dhaheri who completed a Bachelor’s Degree in International Business from Eckerd College in Florida, also served at companies including the Abu Dhabi Media Company, Etihad Rail and Abu Dhabi Health Services Company (SEHA).

“I am delighted to welcome Saeed Hamad Al Dhaheri to ADX as its new Chief Executive Officer, where he will play a key role in executing the exchange’s strategic goals and overseeing the vital role that ADX should play in the growth and diversification of Abu Dhabi’s economy and the enhancement of its capital markets,” said Mohamed Ali Al Shorafa Al Hammadi, chairman of ADX.

In September, it was revealed that the Abu Dhabi Securities Exchange and Dubai Financial market distributed cash dividends of Dhs43.13bn for 2019 to more than 700,000 investors on behalf of the companies listed in the two capital markets.

ADX is the first exchange in the region to have a dedicated platform for the trading of shares of private joint stock companies.