Home » ADX, Bahrain Bourse announce joining of Muscat Stock Exchange to Tabadul

ADX, Bahrain Bourse announce joining of Muscat Stock Exchange to Tabadul

by Dubaiforum

ABU DHABI, 30th January, 2023 (WAM) — The Abu Dhabi Securities Exchange (ADX) and Bahrain Bourse (BHB) announced today that Muscat Stock Exchange (MSX) has now joined the “Tabadul” platform, the region’s first digital exchange hub, established on the mutual market access model that provides a trading network between stock exchanges regionally.

As a result, MSX’s listed securities, along with those of ADX and BHB, are now available for digital trading, further enhancing liquidity and facilitating trading mechanisms for investors.

The announcement came during a bell ringing ceremony, organised by ADX at its headquarters, to officially welcome MSX to Tabadul, in the presence of Saeed Hamad Al Dhaheri, ADX’s Managing Director and CEO, Shaikh Khalifa bin Ebrahim Al Khalifa, CEO of Bahrain Bourse, Haitham Salim Al Salmi, CEO of MSX, and Dr. Maryam Buti Al Suwaidi, CEO of the UAE Securities and Commodities Authority (SCA).

In September 2022, ADX and MSX signed a Memorandum of Understanding (MoU) strengthening bilateral collaboration in areas related to exchange of expertise, information, and advisory services, as well as training, facilitating the entry of broker members, developing systems, and enhancing integration. The MoU was signed on the sidelines of the visit of President His Highness Sheikh Mohamed Bin Zayed Al Nahyan to the Sultanate of Oman.

ADX and BHB launched Tabadul in July 2022 following a strategic partnership agreement signed in November 2021 that aimed to improve cooperation avenues and increase liquidity in the two markets, including cross-market trading.

Tabadul is a regional platform that aims to provide a digital network for trading between stock exchanges regionally and internationally, as well as pave the way for a sustainable future economy for the region and beyond. The platform also offers a wide range of trading opportunities for investors in all three current markets directly and easily, as well as connecting investors through local intermediaries, allowing them to develop and fulfill their interests, which is critical to accelerating the economic growth process in member countries.

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