Statement by H.E. Dr. Obaid Al Zaabi on the Abu Dhabi Executive Council’s stimulus package and the establishment of a market maker fund

“We ought to express our deep appreciation and gratitude to H.H. Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, for the strategic initiative launched by the Abu Dhabi Executive Council to allocate Dh1bn to establish a market maker fund to provide liquidity and ensure ongoing balance between the supply and demand for stocks. There is no doubt that the Abu Dhabi Executive Council’s allocation of a billion dirhams to establish a market maker fund will meet one of the requirements for having the UAE markets upgraded to the “advanced market” status.
This exceptional initiative will also attract capital and investments from home and abroad and will help the capital markets industry to rebound and get back its momentum. It goes without saying that the investment policy of such funds is based on long-term investments in stocks that provide lucrative returns, thus reducing the high volatility of trading values and financial market indicators. The market maker fund will provide hedging tools against market decline, in addition to achieving returns on investments in stocks, bonds, and other instruments listed on the UAE high-yielding markets”.  

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