Latest news with #Thndr
Zawya
3 days ago
- Business
- Zawya
ADX names Mena start-up Thndr as remote retail trading member
The Abu Dhabi Securities Exchange (ADX) today (August 7) onboarded Thndr, a leading retail investment platform in the Mena region, as the first remote retail trading member on the second largest exchange in the Mena region. Thndr, a Hub71 start-up, is one of Mena's first fully digital investment platforms. Regulated by the Abu Dhabi Global Market's (ADGM) Financial Services Regulatory Authority (FSRA), Thndr is set to make its mark in the UAE following its strong track record in the region. In 2024 alone, Thndr recorded over $13 billion in trading value and executed 12 million trades. With more than four million downloads, access to three markets – the UAE, Egypt, and the US – and a wide range of asset classes, including stocks, gold, mutual funds, and savings products, Thndr is building a true investment one-stop shop. According to ADX, Thndr users will soon be able to invest directly in some of the most valuable listed companies and exchange-traded funds (ETFs) in the UAE through its mobile investment platform, demonstrating the exchange's commitment to connecting Abu Dhabi to global capital. ADX Group Chief Executive Officer Abdulla Salem Alnuaimi said: "ADX onboarding Thndr is a transformative step in creating tangible trading bridges across the region's capital market. As the first exchange in the GCC to welcome Thndr, we are demonstrating our commitment to financial inclusion and our leadership in unlocking new investment opportunities in Abu Dhabi's robust capital market." "We are setting a benchmark for digital innovation and cross-border collaboration in financial services as we continue to be a key driver in Abu Dhabi's transition to a knowledge- and investment-led economy," he stated. Launched in Egypt in 2020, Thndr has transformed investing in the region by leveraging technology to provide a modern and seamless investment solution to help users grow their wealth through an array of products. "We're proud to celebrate this milestone with the CEO of ADX, driven by a shared belief that retail investors deserve access to a grade-A investment service, whether through a seamless app experience or powerful content that makes investing simple and clear," remarked Ahmad Hammouda, Co-founder and CEO of Thndr. "This partnership gives our users the chance to invest in one of the region's strongest-performing markets over the past 5, 10, and 15 years, while also opening doors to exposure within MENA through Tabadul as well as beyond MENA. As an Egyptian founder, this moment is personal, it's about building on the historic ties between Egypt and the UAE and creating new bridges for our communities to grow, invest, and win together," he added. Thndr's Co-founder and Board Member Seif Amr said this launch was a major milestone for the firm and a testament to an incredible partnership. "The entire Thndr team worked as a united front with ADX, FSRA, Hub71, ENBD, and E& to clear major hurdles and ultimately make it simple for local and foreign individuals to participate in the UAE's impressive growth story. This collaboration truly showcases why the UAE, with ADGM at the forefront, is a beacon of progress for the region," he added. The onboarding of Thndr supports ADX's key initiatives, such as the Tabadul platform, the first digital exchange center in the region that is based on the mutual market access model, and complements strategic partnerships with global exchanges by fostering innovation, enabling knowledge transfer, and advancing cross-border collaboration. Copyright 2025 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Gulf Today
3 days ago
- Business
- Gulf Today
ADX welcomes Thndr as its first remote retail trading member
The Abu Dhabi Securities Exchange (ADX) today onboarded Thndr, a leading retail investment platform in the MENA region, as the first remote retail trading member on the largest exchange in the UAE, the second largest in the MENA region, and among the top 20 in the world. Thndr, a Hub71 start-up, is one of MENA's first fully digital investment platforms. Regulated by the Abu Dhabi Global Market's (ADGM) Financial Services Regulatory Authority (FSRA), Thndr is set to make its mark in the UAE following its strong track record in the region. In 2024 alone, Thndr recorded over $13 billion in trading value and executed 12 million trades. With more than four million downloads, access to three markets – the UAE, Egypt, and the U.S. – and a wide range of asset classes, including stocks, gold, mutual funds, and savings products, Thndr is building a true investment one-stop shop. Thndr users will soon be able to invest directly in some of the most valuable listed companies and exchange-traded funds (ETFs) in the UAE through its mobile investment platform, demonstrating the ADX's commitment to connecting Abu Dhabi to global capital. This landmark announcement was made today during a special event at the ADX's headquarters in Abu Dhabi. Abdulla Salem Alnuaimi, Group Chief Executive Officer of the ADX, said: 'ADX onboarding Thndr is a transformative step in creating tangible trading bridges across the region's capital market. As the first exchange in the GCC to welcome Thndr, we are demonstrating our commitment to financial inclusion and our leadership in unlocking new investment opportunities in Abu Dhabi's robust capital market. We are setting a benchmark for digital innovation and cross-border collaboration in financial services as we continue to be a key driver in Abu Dhabi's transition to a knowledge- and investment-led economy.' Remote Trading Members allow more individuals, international brokers, and institutions to buy and sell ADX-listed securities, in line with many international practices, without the need for physical presence in the UAE, thereby growing and diversifying the investor base, attracting foreign investment, improving liquidity, and driving more trading activity. Launched in Egypt in 2020, Thndr has transformed investing in the region by leveraging technology to provide a modern and seamless investment solution to help users grow their wealth through an array of products. 'We're proud to celebrate this milestone with the CEO of ADX, driven by a shared belief that retail investors deserve access to a grade-A investment service, whether through a seamless app experience or powerful content that makes investing simple and clear. This partnership gives our users the chance to invest in one of the region's strongest-performing markets over the past 5, 10, and 15 years, while also opening doors to exposure within MENA through Tabadul as well as beyond MENA. As an Egyptian founder, this moment is personal, it's about building on the historic ties between Egypt and the UAE and creating new bridges for our communities to grow, invest, and win together,' said Ahmad Hammouda, Co-founder and CEO of Thndr. 'This launch is a major milestone for Thndr and a testament to an incredible partnership. The entire Thndr team worked as a united front with ADX, FSRA, Hub71, ENBD, and E& to clear major hurdles and ultimately make it simple for local and foreign individuals to participate in the UAE's impressive growth story. This collaboration truly showcases why the UAE, with ADGM at the forefront, is a beacon of progress for the region,' said Seif Amr, Thndr's Co-founder and Board Member. The onboarding of Thndr supports ADX's key initiatives, such as the Tabadul platform, the first digital exchange center in the region that is based on the mutual market access model, and complements strategic partnerships with global exchanges by fostering innovation, enabling knowledge transfer, and advancing cross-border collaboration. With a market capitalization of Dhs 3.1 trillion, the ADX reflects Abu Dhabi's role as a dynamic global investment hub. The ADX has been the best-performing market in the GCC region, outperforming the MSCI Emerging Markets Index over the past decade and global indices over the past 20 years. WAM
The National
3 days ago
- Business
- The National
ADX admits Hub71 start-up Thndr as first remote retail trading member
Egyptian start-up Thndr, a member of Abu Dhabi's Hub71, has joined the Abu Dhabi Securities Exchange as the bourse's first remote retail trading member, allowing its users to invest directly into the UAE stock market. The addition of Cairo-based Thndr, a digital investment platform with more than four million users, will boost the ADX's standing as a preferred destination for investments, the exchange said in a statement on Thursday. Thndr, which set up base in the UAE capital through the Hub71 start-up platform, is regulated by Abu Dhabi Global Market's Financial Services Regulatory Authority. The company, which serves markets in the UAE, Egypt and the US, will provide its users with investment access to asset classes including stocks, gold, mutual funds and savings products, the ADX said. The move is aimed at "creating tangible trading bridges across the region's capital market", Abdulla Alnuaimi, group chief executive of ADX, said in the statement. "We are setting a benchmark for digital innovation and cross-border collaboration in financial services as we continue to be a key driver in Abu Dhabi's transition to a knowledge and investment-led economy." The ADX, with a market capitalisation of more than Dh3.15 trillion ($857.6 billion) as of Thursday, is the second largest exchange in the Arab world after Saudi Arabia's Tadawul. It was ranked as the seventh largest in the world for emerging market bourses in 2024. The exchange has recorded a surge in initial public offerings in recent years, driven by robust investor demand for new issues, as well as economic growth in the UAE. The arrival of Thndr on the ADX would also open the "doors to exposure within Mena [the Middle East and North Africa region] through Tabadul as well as beyond Mena", said Ahmad Hammouda, co-founder and chief executive of Thndr, referring to the ADX's digital exchange centre, which is the first of its kind in the region. Thndr, founded in 2020, is also growing its workforce, with job postings on its Hub71 page. The company has raised $37 million in funding, data from start-up tracker Crunchbase shows.
Arabian Business
3 days ago
- Business
- Arabian Business
Thndr joins ADX as first remote retail trading member, unlocking UAE market access for millions of investors
The Abu Dhabi Securities Exchange (ADX) has officially onboarded Thndr, one of the MENA region's fastest-growing digital investment platforms, as its first remote retail trading member. It represents a major step in expanding retail investor access and digitally transforming capital markets in the UAE. This milestone makes Thndr the first platform of its kind in the GCC to gain direct access to ADX, the UAE's largest exchange, with a market cap of AED3.1tn ($844bn) and among the top 20 exchanges globally. Thndr onboarded to ADX More than 4m Thndr users will soon be able to invest directly in ADX-listed stocks and ETFs via its mobile app, unlocking real-time access to one of the GCC's best-performing markets. In 2024, Thndr processed $13bn in trading volume across 12m trades The app currently supports access to markets in the UAE, Egypt, and the US, offering a wide range of assets including stocks, gold, mutual funds, and savings products The onboarding supports remote trading, meaning users and brokers do not need a physical presence in the UAE to buy or sell ADX-listed securities This aligns with international practices and supports ADX's efforts to broaden market participation, improve liquidity, and attract foreign investment. Abdulla Salem Alnuaimi, Group Chief Executive Officer of the ADX, said: 'ADX onboarding Thndr is a transformative step in creating tangible trading bridges across the region's capital market. As the first exchange in the GCC to welcome Thndr, we are demonstrating our commitment to financial inclusion and our leadership in unlocking new investment opportunities in Abu Dhabi's robust capital market. 'We are setting a benchmark for digital innovation and cross-border collaboration in financial services as we continue to be a key driver in Abu Dhabi's transition to a knowledge- and investment-led economy.' This collaboration enhances ADX's Tabadul platform—the region's first digital exchange centre based on mutual market access—and reflects the exchange's broader commitment to cross-border collaboration and fintech innovation. Founded in Egypt in 2020 and backed by Hub71, Thndr is regulated by Abu Dhabi Global Market's (ADGM) Financial Services Regulatory Authority (FSRA) and has been at the forefront of democratising investment across the region. Ahmad Hammouda, Co-founder and CEO of Thndr, said: 'We're proud to celebrate this milestone with the CEO of ADX, driven by a shared belief that retail investors deserve access to a grade-A investment service, whether through a seamless app experience or powerful content that makes investing simple and clear. 'This partnership gives our users the chance to invest in one of the region's strongest-performing markets over the past five, 10, and 15 years, while also opening doors to exposure within MENA through Tabadul as well as beyond MENA'. Seif Amr, Co-founder and Board Member, said: 'This launch is a major milestone for Thndr and a testament to an incredible partnership. The entire Thndr team worked as a united front with ADX, FSRA, Hub71, ENBD, and E& to clear major hurdles and ultimately make it simple for local and foreign individuals to participate in the UAE's impressive growth story. 'This collaboration truly showcases why the UAE, with ADGM at the forefront, is a beacon of progress for the region'. With a market capitalisation of AED3.1tn ($844bn), the ADX has consistently outperformed global benchmarks, beating the MSCI Emerging Markets Index over the past decade and many major global indices over the last 20 years.
Al Etihad
3 days ago
- Business
- Al Etihad
ADX welcomes Thndr as its first remote retail trading member
7 Aug 2025 17:55 ABU DHABI (ALETIHAD)The Abu Dhabi Securities Exchange (ADX) on Thursday onboarded Thndr, a leading retail investment platform in the MENA region, as the first remote retail trading member on the largest exchange in the UAE, the second largest in the MENA region, and among the top 20 in the a Hub71 start-up, is one of MENA's first fully digital investment platforms. Regulated by the Abu Dhabi Global Market's (ADGM) Financial Services Regulatory Authority (FSRA), Thndr is set to make its mark in the UAE following its strong track record in the 2024 alone, Thndr recorded over $13 billion in trading value and executed 12 million trades. With more than four million downloads, access to three markets – the UAE, Egypt, and the US – and a wide range of asset classes, including stocks, gold, mutual funds, and savings products, Thndr is building a true investment one-stop users will soon be able to invest directly in some of the most valuable listed companies and exchange-traded funds (ETFs) in the UAE through its mobile investment platform, demonstrating the ADX's commitment to connecting Abu Dhabi to global capital. This landmark announcement was made on Thursday during a special event at the ADX's headquarters in Abu Chief Executive Officer of the ADX, Abdulla Salem Alnuaimi, said, 'ADX onboarding Thndr is a transformative step in creating tangible trading bridges across the region's capital market. As the first exchange in the GCC to welcome Thndr, we are demonstrating our commitment to financial inclusion and our leadership in unlocking new investment opportunities in Abu Dhabi's robust capital market. We are setting a benchmark for digital innovation and cross-border collaboration in financial services as we continue to be a key driver in Abu Dhabi's transition to a knowledge- and investment-led economy.'Remote Trading Members allow more individuals, international brokers, and institutions to buy and sell ADX-listed securities, in line with many international practices, without the need for physical presence in the UAE, thereby growing and diversifying the investor base, attracting foreign investment, improving liquidity, and driving more trading in Egypt in 2020, Thndr has transformed investing in the region by leveraging technology to provide a modern and seamless investment solution to help users grow their wealth through an array of products.'We're proud to celebrate this milestone with the CEO of ADX, driven by a shared belief that retail investors deserve access to a grade-A investment service, whether through a seamless app experience or powerful content that makes investing simple and clear. This partnership gives our users the chance to invest in one of the region's strongest-performing markets over the past 5, 10, and 15 years, while also opening doors to exposure within MENA through Tabadul as well as beyond MENA. As an Egyptian founder, this moment is personal, it's about building on the historic ties between Egypt and the UAE and creating new bridges for our communities to grow, invest, and win together,' said Ahmad Hammouda, Co-founder and CEO of Thndr.'This launch is a major milestone for Thndr and a testament to an incredible partnership. The entire Thndr team worked as a united front with ADX, FSRA, Hub71, ENBD, and E& to clear major hurdles and ultimately make it simple for local and foreign individuals to participate in the UAE's impressive growth story. This collaboration truly showcases why the UAE, with ADGM at the forefront, is a beacon of progress for the region,' said Seif Amr, Thndr's Co-founder and Board onboarding of Thndr supports ADX's key initiatives, such as the Tabadul platform, the first digital exchange center in the region that is based on the mutual market access model, and complements strategic partnerships with global exchanges by fostering innovation, enabling knowledge transfer, and advancing cross-border collaboration. With a market capitalization of Dh3.1 trillion, the ADX reflects Abu Dhabi's role as a dynamic global investment hub. The ADX has been the best-performing market in the GCC region, outperforming the MSCI Emerging Markets Index over the past decade and global indices over the past 20 years.
