Al Hilal Bank has announced that it has signed an agreement with the Abu Dhabi Stock Exchange (ADX), one of the fastest growing exchanges in the world.
Publish dateSaturday 29 June 2024 - 13:28
This convenient service will also be accessible through Al Hilal's digital banking program, offering customers the ease and efficiency of investing in Sharia-compliant IPOs.
This plan expands Al Hilal Bank's digital banking offerings by introducing a simple process for IPO subscriptions and the entire process is done digitally, increasing efficiency, convenience and accessibility.
The digital app interface provides essential information about the IPO, including direct links to the prospectus and a section for frequently asked questions about the subscription process. Al-Hilal Bank customers only need to have a national investor number to participate in the ADX IPO.
This simple process can be completed effortlessly through the ADX Sahmi app in just a few simple steps.
This joint initiative aligns with ADX's overall strategy of using digital solutions to expand the investor base and increase market liquidity.
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Source : news agency wam
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