Abu Dhabi Securities Exchange to implement changes related to Ice Berg Orders

05 January 2021

Dear Valued Client,

With reference to circular (15/2020) issued by ADX, kindly note that Abu Dhabi Securities Exchange will implement the changes related Ice Berg Orders on Thursday January 7th, 2021.

Where the minimum number of shares will be reduced from fifty thousand (50,000) shares to ten thousand (10,000) shares, also the percentage of the disclosed quantity will be reduced from 50% to 20% as maximum of the total order quantity.

We would like to highlight that Ice Berg Order, is a large single order with an undisclosed quantity, in which only a specified quantity of shares will be displayed in the order book, while part of the total order size will be hidden by a certain percentage.

For more information, please contact us at +971 600 52 3434 or email us at enbdsccc@emiratesnbd.com

Emirates NBD Securities LLC

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