Bahrain Bourse, ADX announce MSX joining Tabadul

Abu Dhabi, January 30 (BNA): The Abu Dhabi Stock Exchange and the Bahrain Stock Exchange announced that the Muscat Stock Exchange has joined the “Tabadul” platform, the first digital exchange center in the region, established in the model of mutual access to the market that provides a trading network between stock exchanges at the regional level.

MSX-listed securities, along with those of ADX and BHB, are now available for digital trading, enhancing liquidity and facilitating trading mechanics for investors.

The announcement was made during a bell-ringing ceremony organized by the Abu Dhabi Securities Exchange to officially welcome MSX to the exchange.

The meeting was attended by Saeed Hamad Al Dhaheri, Managing Director and CEO of the Abu Dhabi Securities Market, CEO of the Bahrain Stock Exchange, Sheikh Khalifa bin Ibrahim Al Khalifa, CEO of the Muscat Stock Exchange, Haitham Salem Al Salmi, and CEO of the Emirates Securities and Commodities Authority, Dr. Maryam Butti Al Suwaidi.

The Abu Dhabi Securities Exchange and MSX signed a Memorandum of Understanding (MoU) in September 2022 to enhance bilateral cooperation in areas related to the exchange of expertise, information and advisory services, in addition to training, facilitating the entry of broker members, developing systems, and promoting integration. .

The memorandum of understanding was signed on the sidelines of the visit of President His Highness Sheikh Mohammed bin Zayed Al Nahyan to the Sultanate of Oman.

Al-Dari said, “We are pleased that the Muscat Stock Exchange has joined the Tadawul platform. In line with the aspirations of economic diversification of the Emirate of Abu Dhabi, this step will contribute to sustainable growth in the financial markets by expanding the investor base and meeting their investment ambitions.” .

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“We are pleased to welcome the Muscat Stock Exchange to a trading platform. The platform is a major step towards enhancing the competitiveness of the capital market in the region, as it connects markets to each other and seeks to provide more investment options for investors, given the increasing demand for international investors. Sheikh Khalifa bin said Ibrahim Al Khalifa “Institutional Investors”.

Haitham, CEO of the Muscat Stock Exchange, affirmed that the Muscat Stock Exchange has joined the Tadawul platform as a major step in our ambitious strategy to contribute to market liquidity and provide various options for investors.

ZHB






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