Building regional partnerships, raising liquidity as well as driving sustainable economic markets development in the region
The Abu Dhabi Securities Exchange (ADX) and also Bahrain Bourse (BHB) on Monday revealed that Muscat Stock market (MSX) has now joined the ‘Tabadul’ system, the region’s very first digital exchange center, established on the mutual market gain access to design that gives a trading network in between stock market regionally.
Because of this, MSX’s listed safeties, in addition to those of ADX and BHB, are currently available for digital trading, additionally improving liquidity and also helping with trading mechanisms for investors.
The announcement came throughout a bell ringing event, organised by the Abu Dhabi Securities Exchange at its head office, to officially invite MSX to Tabadul, in the presence of Saeed Hamad Al Dhaheri, managing director as well as CEO of ADX; Shaikh Khalifa container Ebrahim Al Khalifa, CEO of Bahrain Bourse; Haitham Salim Al Salmi, Chief Executive Officer of Muscat Stock Market; and Dr Maryam Buti Al Suwaidi, CEO of the UAE Stocks and also Commodities Authority (SCA).
In September 2022, ADX as well as MSX signed a memorandum of understanding (MoU) to enhance reciprocal collaboration in locations associated with exchange of competence, info, and also advising solutions, along with training, helping with the entrance of broker members, establishing systems, as well as enhancing assimilation.
The MoU was joined the sidelines of the check out of the UAE President, His Highness Sheikh Mohamed container Zayed Al Nahyan to the Sultanate of Oman.
“We are pleased that the Muscat Stock market has joined the Tabadul system. This relocation, in line with Abu Dhabi’s economic diversification ambitions, will contribute to lasting development in economic markets by broadening the capitalist base and also fulfilling their investment passions,” Saeed Hamad Al Dhaheri claimed.
“Today, we are seeing a landmark that highlights our dedication to broaden local connections and also foster partnership as well as connectivity in between the area’s markets. Our objective is to enhance liquidity, assist in trading and also strengthen the overall resources markets,” he claimed.
“We expect working very closely with our partners at BHB as well as MSX to increase financial investment devices and to include extra monetary markets under the Tabadul system, allowing the area’s capital markets to expand as well as enhance each various other’s monetary communities,” he included.
Shaikh Khalifa container Ebrahim Al Khalifa likewise revealed his enjoyment as well as welcome Muscat Stock market to the Tabadul system.
“The platform is a significant step in the direction of enhancing resources market competitiveness in the region, as it connects markets together and also seeks to provide more investment options for capitalists, provided the raised hunger of worldwide institutional investors. We expect onboarding various other markets on Tabadul to better create the system as well as support continual development of markets,” he stated.
Haitham Salim Al Salmi stated Muscat Stock Exchange’s accession to the Tabadul platform is a significant action in our ambitious method to add to the marketplace liquidity as well as give diverse choices for financiers.
“The accession to Tabadul system will likewise be reflected in the enhanced degree of teamwork in between the Muscat Stock Market (MSX), the Abu Dhabi Stocks Exchange (ADX) and also the Bahrain Bourse, which will strengthen collaborations and also drive to sustainable growth,” he stated.
ADX and also BHB released Tabadul in July 2022 adhering to a tactical partnership agreement checked in November 2021 that aimed to boost cooperation opportunities as well as enhance liquidity in both markets, consisting of cross-market trading.
Tabadul is a local platform that intends to give a digital network for trading in between stock market regionally as well as worldwide, in addition to lead the way for a sustainable future economy for the region and also beyond.
The system likewise provides a variety of trading opportunities for financiers in all 3 existing markets straight as well as easily, in addition to linking investors via local middlemans, permitting them to create and satisfy their passions, which is vital to accelerating the economic growth procedure in participant nations.
Last Updated: 01 February 2023
