Abu Dhabi Government to Present over 100 Initiatives at GITEX 2022
25 september, 2022
Amid booming IPO market in the Gulf, The Abu Dhabi Securities Exchange and Bahrain Bourse launched the Tabadul Exchange Hub, the GCC's first digital exchange hub. The initiative may boost market and economic relations between the two countries.
The new hub will allow investors in Abu Dhabi and Bahrain to trade directly with each other through licensed brokers, as well as enable investments between the two nations.
Tabadul will strengthen ties between regional exchanges and expand investment opportunities for investors. We look forward to working closely with our partners Bahrain Bourse to further enhance our offering and on-board more capital markets to the hub, enabling the growth of capital markets in the region and supporting the diversification of GCC economies,
said Saeed Al Dhaheri, managing director and chief executive of the ADX.
Previously Bahraini investors had to buy assets directly at ADX, which required more bureaucratic procedures. ADX currently has around 20,000 registered Bahraini investors with a total trading value of Dh1.3 billion ($353 million) and volume of 320 million shares in 2021. The launch of the digital hub is expected to increase their activity and attract new traders.
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