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Emirati women in Abu Dhabi’s financial market
28-8-2017
In its edition of Saturday, Al Hayat daily highlighted the growing number of Emirati women investors in Abu Dhabi’s Securities Exchange which reached 219 thousand by the end of the first half of 2017. These women, the newspaper wrote, own close to 3 billion shares at a market value of 18.8 billion dirhams AED (USD 5.1 billion). Statistics released by the Market last Friday, revealed a hike in the total transactions of female UAE investors in the same period to AED 2.7 billion (buy and sell shares) at a growth rate of 19.4% compared to AED 2.26 billion in the first half of last year. On the subject, the CEO of Abu Dhabi Securities Exchange Rashid Ballouchi explained that the Market’s administration over the past few years has sought to promote the status of women nationals, whether investors or employees. Experience, Ballouchi stated, has shown the high level of professionalism women display in the investment arena. The market’s strategy in terms of attracting investments, he said, is not limited to male investors, but places special significance on inspiring females to invest their savings in the market. A relatively big percentage of portfolios managed by UAE women have maximized gains in the past two years due to their high efficiency, Ballouchi maintained. He also noted an increase in the participation of Emirati women in economic and investment activity in general, in the framework of enhancement of their role in the overall development process. “Many women who run large companies and institutions have achieved remarkable success, hence, the high proficiency and competence they have demonstrated in investment in the financial markets is not a surprise,” Ballouchi concluded. (Al Hayat, August 26, 2017)
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