ABU DHABI / WAM
Adnoc Distribution announced that its shares have been certified as Shari’a compliant based on the recent screening assessment made by The Unified Committee of Isla-mic Banks for Shari’a Screening of Equities — UAE.
This certification enables brokerage arms of Islamic banks to trade Adnoc Distribution shares.
Adnoc Distribution’s Acting CEO, Saeed Mubarak Al Rashdi, said, “We are delighted our shares have been certified as Shari’a compliant for the purpose of investment and trading. This certification paves the way for existing and new shareholders with a preference for Shari’a compliant stocks to invest in Adnoc Distribution generating a broader investor base and contributing to increased liquidity for our shares.”