ADX Integrates Amman Stock Exchange Into Tabadul Hub To Enhance Regional Trading Opportunities

The Abu Dhabi Securities Exchange (ADX) has signed an agreement with the Amman Stock Exchange (ASE) and the Jordan Securities Depositary Center (SDC). This collaboration aims to integrate ASE into the Tabadul Digital Exchange Hub. The signing took place during the Middle East Investor Relations Association (MEIRA) Conference in Abu Dhabi. With this move, ASE becomes the eighth exchange to join Tabadul, following Armenia Securities Exchange's recent inclusion.

The integration of ASE into Tabadul is a significant step towards enhancing cross-border trading and investment opportunities in the region. This development simplifies trading processes and promotes connectivity. Investors from Amman can now access a broader range of securities products more efficiently. They can also participate in IPOs and other investment opportunities across Tabadul member exchanges, benefiting UAE investors similarly.

Tabadul was launched by ADX in July 2022 as the first digital exchange hub in the region. It operates on a mutual market access model, facilitating cross-border trading by connecting member exchanges. This enables brokerage firms to access markets within the Tabadul network seamlessly, offering investors increased cross-market investment opportunities.

Abdulla Salem Alnuaimi, Group Chief Executive Officer of ADX, expressed satisfaction with welcoming ASE and SDC as new members of the Tabadul Hub. He stated, "We are pleased to welcome the Amman Stock Exchange and the Jordan Securities Depositary Center as our newest Tabadul Hub member. This addition reinforces our continuous efforts in advancing financial market integration across the region."

Mazen Wathaifi, Chief Executive Officer of ASE, highlighted that this agreement reflects a strategic partnership between both countries, fostering cooperation in economic fields for mutual interests. He noted that it aligns with ASE's objectives to enhance openness to regional and global financial markets while boosting liquidity and depth by facilitating Arab and foreign investments.

Facilitating Cross-Border Trading Operations

Sarah Tarawneh, CEO of SDC, emphasized that this agreement with ADX enhances cross-border trading operations and post-trade services across various financial markets. She stated that it supports account opening procedures and financial settlements with ease, providing diverse investment opportunities for investors while reducing operational costs and risks associated with such transactions.

Tabadul provides access to over 6.5 million investors across its member exchanges, which include more than 330 listed companies. As of 2024, trading activities among its members have doubled compared to 2023, showcasing its growing influence in the regional financial landscape.

Current members of Tabadul include ADX, Bahrain Bourse (BSE), Muscat Stock Exchange (MSX), Kazakhstan Stock Exchange (KASE), Astana International Exchange (AIX), Tajikistan’s Central Asian Stock Exchange (CASE), Armenia Stock Exchange (AMX), and now ASE.

This collaboration between ADX and ASE marks a pivotal moment in advancing regional financial integration through strategic partnerships. By enhancing connectivity between UAE and Jordanian markets, it offers investors greater access to diversified investment opportunities in key growth areas.

With inputs from WAM