Latest news with #AbdullaSalemAlnuaimi
Al Bawaba
a day ago
- Business
- Al Bawaba
Armenia Stock Exchange Goes Live on Tabadul Platform
Abu Dhabi Securities Exchange (ADX) announced that The Armenia Stock Exchange (AMX) has officially gone live on the Tabadul platform, becoming the sixth market to join the region's first-of-its-kind mutual market access was launched by ADX in July 2022 as the region's first digital exchange operating on a mutual market access model. The platform creates a digital network of exchanges that allows investors to trade securities on international markets with remote access for brokerage firms partnering with the exchanges. Tabadul allows investors to access shares of companies in various sectors including banking, finance, energy and first transaction via Tabadul between market participants from Armenia (Converse Bank, MetaX Investment Company) and Abu Dhabi (Al Ramz Capital) was successfully executed on May 30. Armenian investors now have direct access to securities listed on ADX, enabling two-way trading and strengthening strategic ties between the addition of AMX follows the launch of Kazakhstan Stock Exchange (KASE) on Tabadul in February 2025 and builds on the momentum of the recently signed agreement with the Iraqi Stock Exchange (ISX), which will integrate ISX into the platform in due course. To date, nine stock exchanges have signed agreements with Tabadul, with six having gone this occasion, Abdulla Salem Alnuaimi, Group Chief Executive Officer of ADX said: '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. Tabadul offers access to over 490 listed companies and a combined investor base of more than 7.6 million. In 2024, trading value on Tabadul surged to approximately USD 200 million, a 317% year-on-year increase.'Tabadul enables seamless cross-exchange trading with settlement in local currencies, eliminating the need for dual listings or custodianship. Currently, the platform connects the financial markets of Abu Dhabi, Bahrain, Muscat, Astana, Kazakhstan, and now Armenia. The onboarding of AMX onto the Tabadul platform underscores ADX's ongoing efforts to deepen regional capital market integration and foster stronger financial cooperation. By enabling mutual market access, ADX is expanding investment opportunities, supporting innovation, and reinforcing Abu Dhabi's position as a dynamic and globally connected financial hub. This step reflects ADX's continued commitment to enhancing market liquidity, attracting foreign capital, and advancing the UAE's broader vision for economic diversification and sustainable development.
Zawya
2 days ago
- Business
- Zawya
Armenia Stock Exchange joins 'Tabadul' platform
ABU DHABI - Abu Dhabi Securities Exchange (ADX) announced that the Armenia Stock Exchange (AMX) has officially gone live on the Tabadul platform, becoming the sixth market to join the region's first-of-its-kind mutual market access platform. Tabadul was launched by ADX in July 2022 as the region's first digital exchange operating on a mutual market access model. The platform creates a digital network of exchanges that allows investors to trade securities on international markets with remote access for brokerage firms partnering with the exchanges. Tabadul allows investors to access shares of companies in various sectors including banking, finance, energy and telecommunications. The first transaction via Tabadul between market participants from Armenia (Converse Bank, MetaX Investment Company) and Abu Dhabi (Al Ramz Capital)was successfully executed on 30th May. Armenian investors now have direct access to securities listed on ADX, enabling two-way trading and strengthening strategic ties between the markets. The addition of AMX follows the launch of Kazakhstan Stock Exchange (KASE) on Tabadul in February 2025 and builds on the momentum of the recently signed agreement with the Iraqi Stock Exchange (ISX), which will integrate ISX into the platform in due course. To date, nine stock exchanges have signed agreements with Tabadul, with six having gone live. On this occasion, Abdulla Salem Alnuaimi, Group Chief Executive Officer of ADX, said, '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. Tabadul offers access to over 490 listed companies and a combined investor base of more than 7.6 million. In 2024, trading value on Tabadul surged to approximately USD 200 million, a 317% year-on-year increase.' Tabadul enables seamless cross-exchange trading with settlement in local currencies, eliminating the need for dual listings or custodianship. Currently, the platform connects the financial markets of Abu Dhabi, Bahrain, Muscat, Astana, Kazakhstan, and now Armenia. The onboarding of AMX onto the Tabadul platform underscores ADX's ongoing efforts to deepen regional capital market integration and foster stronger financial cooperation. By enabling mutual market access, ADX is expanding investment opportunities, supporting innovation, and reinforcing Abu Dhabi's position as a dynamic and globally connected financial hub. This step reflects ADX's continued commitment to enhancing market liquidity, attracting foreign capital, and advancing the UAE's broader vision for economic diversification and sustainable development.
Zawya
23-04-2025
- Business
- Zawya
ADX signs an agreement with Iraqi Stock Exchange and Iraqi Securities Commission to join Tabadul Hub
Abu Dhabi, United Arab Emirates: The Abu Dhabi Securities Exchange (ADX), the largest exchange in the UAE and second largest exchange in the MENA region, has signed an agreement with Iraqi Stock Exchange (ISX) and Iraqi Securities Commission (ISC) to integrate ISX into the Tabadul Digital Hub to become the hub's ninth member. The event was held at ADX's headquarters on April 22nd. This agreement builds on a commitment made by ISC and ADX in January 2025 to enhance the relationship between the two countries' capital markets. It aims to foster collaboration in various areas, including technology and innovation, upgrading electronic trading and post-trading systems, and sharing best practices and trading techniques. The agreement will pave the way for seamless direct trading between ADX and ISX for both investors and brokerage firms. Through the Tabadul platform, brokerages on both exchanges will gain remote access to one another's markets, fostering cross-market trading and connecting Iraqi investors with regional and international investment opportunities. By leveraging Tabadul, investors from member exchanges can participate in in each other's IPO offerings, highlighting the benefits of cross border trading. His Excellency Mr. Faisal Al-Haimus, Chairman of the Iraq Securities Commission, praised this step, affirming that Iraq's accession to the Tabadul platform marks a qualitative leap in the development of the financial market infrastructure in Iraq. He noted that it strengthens opportunities for regional partnerships and economic integration with Arab financial markets, contributing to broader investment prospects and reflecting the Commission's commitment to supporting digital transformation in the Iraqi financial market. Abdulla Salem Alnuaimi, Group Chief Executive Officer of the Abu Dhabi Securities Exchange, stated: "The agreement marks a significant milestone in the collaboration between ADX and ISX. By welcoming ISX onto the Tabadul platform, we aim to enhance our regional presence through increased market activity and offer investors a broader range of opportunities by providing access to investment options in the listed companies of both exchanges. The platform currently provides access to more than 7.5 million investors on member exchanges and includes more than 490 listed companies. Trading activity among member financial markets doubled in 2025 compared to 2024, reflecting the platform's position in the regional financial landscape.' For her part, Jamie Afham Touma, Executive Director of the Iraq Stock Exchange, said: 'We are proud that the Iraq Stock Exchange has joined the Tabadul digital trading platform, as this represents an important step toward developing Iraq's financial market and enhancing its integration with regional markets. Our cooperation with Abu Dhabi Securities Exchange aligns with the Iraqi government's efforts to boost economic growth and attract more investment, supporting the government's objectives of promoting economic openness and developing financial infrastructure.' Alongside ADX, the platform includes the Bahrain Bourse, Muscat Stock Exchange, Astana International Exchange, Kazakhstan Stock Exchange, Central Asian Stock Exchange, Armenia Stock Exchange, and Amman Stock Exchange. Discussions are ongoing with 10 financial markets to join the platform, which offers a wide range of trading opportunities for investors in all participating markets directly and easily, enabling all participants to develop and achieve their interests, which is crucial for accelerating economic growth in the financial markets of member countries. Tabadul underscores ADX's commitment to technological advancement and its drive to broaden market access. The Abu Dhabi Securities Exchange is committed to expanding the "Tabadul" platform through strategic partnerships with leading global financial markets to enhance connectivity between different markets, namely Arab countries such as Iraq, increase liquidity, and provide innovative trading solutions for investors. About Abu Dhabi Securities Exchange Abu Dhabi Securities Exchange (ADX) was established on November 15, 2000, by Local Law No. (3) Of 2000, the provisions of which vest the market with a legal entity of autonomous status, independent finance and management. The Law also provides ADX with the necessary supervisory and executive powers to exercise its functions. On March 17, 2020, ADX was converted from a "Public Entity" to a "Public Joint Stock Company PJSC" pursuant to law No. (8) of 2020. ADX is part of ADQ, one of the region's largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi's diversified economy. ADX is a market for trading securities; including shares issued by public joint stock companies, bonds issued by governments or corporations, exchange traded funds, and any other financial instruments approved by the UAE Securities and Commodities Authority (SCA). ADX is the second largest market in the Arab region and its strategy of providing stable financial performance with diversified sources of incomes is aligned with the guiding principles of the UAE "Towards the next 50" agenda. The national plan charts out the UAE's strategic development scheme which aims to build a sustainable, diversified and high value-added economy that positively contributes to transition to a new global sustainable development paradigm. For more information, please contact: ADX Abdulrahman Saleh ALKhateeb Manager of Corporate Communication Email: ALKhateebA@
Al Bawaba
23-04-2025
- Business
- Al Bawaba
Abu Dhabi Securities Exchange (ADX) Signs an Agreement with Iraqi Stock Exchange (ISX) and Iraqi Securities Commission (ISC) to Join Tabadul Hub
The Abu Dhabi Securities Exchange (ADX), the largest exchange in the UAE and second largest exchange in the MENA region, has signed an agreement with Iraqi Stock Exchange (ISX) and Iraqi Securities Commission (ISC) to integrate ISX into the Tabadul Digital Hub to become the hub's ninth member. The event was held at ADX's headquarters on April 22nd. This agreement builds on a commitment made by ISC and ADX in January 2025 to enhance the relationship between the two countries' capital markets. It aims to foster collaboration in various areas, including technology and innovation, upgrading electronic trading and post-trading systems, and sharing best practices and trading techniques. The agreement will pave the way for seamless direct trading between ADX and ISX for both investors and brokerage firms. Through the Tabadul platform, brokerages on both exchanges will gain remote access to one another's markets, fostering cross-market trading and connecting Iraqi investors with regional and international investment opportunities. By leveraging Tabadul, investors from member exchanges can participate in in each other's IPO offerings, highlighting the benefits of cross border trading. His Excellency Mr. Faisal Al-Haimus, Chairman of the Iraq Securities Commission, praised this step, affirming that Iraq's accession to the Tabadul platform marks a qualitative leap in the development of the financial market infrastructure in Iraq. He noted that it strengthens opportunities for regional partnerships and economic integration with Arab financial markets, contributing to broader investment prospects and reflecting the Commission's commitment to supporting digital transformation in the Iraqi financial market. Abdulla Salem Alnuaimi, Group Chief Executive Officer of the Abu Dhabi Securities Exchange, stated: "The agreement marks a significant milestone in the collaboration between ADX and ISX. By welcoming ISX onto the Tabadul platform, we aim to enhance our regional presence through increased market activity and offer investors a broader range of opportunities by providing access to investment options in the listed companies of both exchanges. The platform currently provides access to more than 7.5 million investors on member exchanges and includes more than 490 listed companies. Trading activity among member financial markets doubled in 2025 compared to 2024, reflecting the platform's position in the regional financial landscape.' For her part, Jamie Afham Touma, Executive Director of the Iraq Stock Exchange, said: 'We are proud that the Iraq Stock Exchange has joined the Tabadul digital trading platform, as this represents an important step toward developing Iraq's financial market and enhancing its integration with regional markets. Our cooperation with Abu Dhabi Securities Exchange aligns with the Iraqi government's efforts to boost economic growth and attract more investment, supporting the government's objectives of promoting economic openness and developing financial infrastructure.' Alongside ADX, the platform includes the Bahrain Bourse, Muscat Stock Exchange, Astana International Exchange, Kazakhstan Stock Exchange, Central Asian Stock Exchange, Armenia Stock Exchange, and Amman Stock Exchange. Discussions are ongoing with 10 financial markets to join the platform, which offers a wide range of trading opportunities for investors in all participating markets directly and easily, enabling all participants to develop and achieve their interests, which is crucial for accelerating economic growth in the financial markets of member countries. Tabadul underscores ADX's commitment to technological advancement and its drive to broaden market access. The Abu Dhabi Securities Exchange is committed to expanding the "Tabadul" platform through strategic partnerships with leading global financial markets to enhance connectivity between different markets, namely Arab countries such as Iraq, increase liquidity, and provide innovative trading solutions for investors.
Gulf Business
12-03-2025
- Business
- Gulf Business
Alpha Data debuts on ADX, raises Dhs600m from IPO
Image: Supplied The Abu Dhabi Securities Exchange (ADX) welcomed the listing of Alpha Data, a leading UAE-based digital transformation provider and systems integrator, marking the country's first initial public offering (IPO) of 2025 and the exchange's second offering of the year. Upon listing, Alpha Data's market capitalisation stood at approximately Dhs1.5bn, reinforcing its strong position in the UAE's technology sector. The listing strengthens ADX's position as a diversified market, expanding its technology offerings with companies specialising in artificial intelligence (AI), big data, and cloud computing. The exchange continues to enhance its role as a platform for high-growth enterprises seeking access to capital markets. Alpha Data is ADX's second offering during the year 'We are delighted to welcome Alpha Data to ADX as the UAE's first IPO of 2025 and our second offering during the year. This milestone reflects our unwavering commitment to providing investors with access to a dynamic and diversified marketplace, particularly in the high-growth digital infrastructure and technology sector,' said Abdulla Salem Alnuaimi, group CEO of ADX. 'As ADX continues to expand its offering, we are creating greater opportunities for investors to participate in the digital economy.' 'As a key enabler of sustainable growth and capital market development in the region, we will continue to support more private companies in achieving their growth ambitions via the ADX listing platform,' Alnuaimi added. Fayez Ibbini, founder and CEO of Alpha Data, said: 'We are incredibly proud to join the Abu Dhabi Securities Exchange as a homegrown UAE family business after seeing strong demand and support for our strategic vision during our IPO. Our listing marks an exciting new chapter for Alpha Data and is more than just a milestone in our 40-year journey of growth and innovation; it's a commitment to our shareholders and the broader market to keep delivering growth and champion technological developments.' ADX recently launched ADX Group, which has introduced advanced trading, clearing, and settlement capabilities through its new subsidiaries, AD Clear and AD CSD. Read:
