May 28, 2024

Bahrain Bourse, ADX announce MSX joining Tabadul

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The Abu Dhabi Securities Exchange (ADX) and Bahrain Bourse (BHB) announced the joining of Muscat Stock Exchange (MSX) to the “Tabadul” platform, one of the region’s digital exchange hubs, established on the mutual market access model that provides a trading network between stock exchanges regionally.

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, organized by the Abu Dhabi Securities Exchange to officially welcome MSX to Tabadul.

ADX’s Managing Director and CEO Saeed Hamad Al Dhaheri, Bahrain Bourse CEO Shaikh Khalifa bin Ebrahim Al Khalifa Muscat Stock Exchange CEO Haitham Salim Al Salmi and UAE Securities and Commodities Authority (SCA) CEO Dr. Maryam Buti Al Suwaidi were present.

Saeed Hamad Al Dhaheri, ADX’s Managing Director and CEO

ADX and MSX signed a Memorandum of Understanding (MoU) in September 2022 to strengthen 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 the UAE President, His Highness Shaikh Mohamed bin Zayed Al Nahyan to Oman.

“We are pleased that the Muscat Stock Exchange has joined the Tabadul platform. This move, in line with Abu Dhabi’s economic diversification ambitions, will contribute to sustainable growth in financial markets by expanding the investor base and meeting their investment ambitions,” Al Dhari said.

“We are pleased to welcome Muscat Stock Exchange to the Tabadul platform. The platform is a major step towards enhancing capital market competitiveness in the region, as it links markets together and seeks to provide more investment options for investors, given the increased appetite of international institutional investors,” Shaikh Khalifa Bin Ebrahim Al Khalifa said.

Muscat Stock Exchange Haitham CEO confirmed Muscat Stock Exchange’s accession to the Tabadul platform as a major step in our ambitious strategy to contribute to the market liquidity and provide varied options for investors.

Source

Also read – GFH Announces Targeted Cross Listing Of Shares on ADX

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