Abu Dhabi: The Financial Times Stock Exchange 100 Index (FTSE) is studying the issuance and listing of share index of eco-friendly companies that belong green economy through the Abu Dhabi Securities Exchange (ADX).
FTSE is a share index of the 100 companies listed on the London Stock Exchange with the highest market capitalisation.
A meeting was held at ADX to discuss the move, the first of its kind in the GCC countries and the Middle East. It was attended by Rashed Al Beloushi, CEO of ADX, and representatives of FTSE and a number of the listed companies operating in banking, telecom and real estate sectors.
A presentation about the green economy was made during the meeting, detailing the development seen by the green economy. They also discussed the possibility of launching the new index and the necessary preparations for this leading step, and coordination companies nominated to be included on the proposed share index of eco-friendly companies.
The move comes in line with ADX’s commitment to the growth of the emirate’s financial services sector and the development of a sustainable financial environment under the Abu Dhabi Vision 2030.
Al Beloushi said the UAE has adopted the strategy of green economy for sustainable development in its constant endeavour to develop a sustainable future in line with the UAE Vision 2021 and Abu Dhabi Vision 2030 which are based on the national work programme of President His Highness Shaikh Khalifa Bin Zayed Al Nahyan.
