Armenia Stock Exchange Joins Tabadul Platform To Enhance Regional Market Access

The Armenia Stock Exchange (AMX) has joined the Tabadul platform, as announced by the Abu Dhabi Securities Exchange (ADX). This makes AMX the sixth market to join this unique mutual market access platform. Launched in July 2022, Tabadul is the first digital exchange in the region that operates on a mutual market access model, allowing investors to trade securities internationally.

Tabadul connects exchanges digitally, enabling brokerage firms to offer remote access to international markets. Investors can trade shares across various sectors like banking, finance, energy, and telecommunications. The first transaction on Tabadul between Armenian and Abu Dhabi participants occurred on 30th May, involving Converse Bank, MetaX Investment Company, and Al Ramz Capital.

The inclusion of AMX follows Kazakhstan Stock Exchange's (KASE) integration in February 2025. This move builds on a recent agreement with the Iraqi Stock Exchange (ISX), which will soon join the platform. Currently, nine stock exchanges have agreements with Tabadul, with six already operational.

Abdulla Salem Alnuaimi, Group CEO of ADX, stated: "We are pleased to welcome the Armenia Stock Exchange to the Tabadul platform. This expansion reflects our commitment to fostering capital market connectivity, enhancing regional liquidity, and supporting the UAE’s vision for economic diversification and sustainable development." The platform now offers access to over 490 listed companies and serves more than 7.6 million investors.

In 2024, trading value on Tabadul reached approximately USD 200 million, marking a 317% increase from the previous year. The platform facilitates cross-exchange trading with local currency settlements, eliminating dual listings or custodianship needs.

Strengthening Financial Ties

The addition of AMX highlights ADX's efforts to integrate regional capital markets further and enhance financial cooperation. By providing mutual market access, ADX is broadening investment opportunities and supporting innovation while reinforcing Abu Dhabi's status as a globally connected financial hub.

This initiative aligns with ADX’s goal of boosting market liquidity and attracting foreign investments. It also supports the UAE's broader vision for economic diversification and sustainable growth. Currently, Tabadul connects financial markets in Abu Dhabi, Bahrain, Muscat, Astana, Kazakhstan, and now Armenia.

With inputs from WAM