Abu Dhabi’s ADX signs MoU with Armenia Securities Exchange

Abu Dhabi Securities Exchange (ADX) said on Wednesday that it has signed an MoU with the Armenia Securities Exchange (AMX) to boost cooperation on several key initiatives and promote increased trading and investment opportunities between the two markets.

The stock markets agreed to collaborate on technology, share best trading practices, provide investor education and training, and promote market development and innovation.

“Our agreement with the AMX marks a significant milestone on our journey to boost global connectivity and drive the exchange of information among ADX and other global markets. The collaboration extends our presence into West Asia, in line with our objectives to increase cross-border market activity and unlock further opportunities for investors,” said Abdulla Salem Al Nuaimi, group CEO of ADX.

The MoU will allow AMX to join the Tabadul Digital Exchange Hub, the seventh member of the region’s first digital exchange platform that is based on mutual market access. Tabadul will enhance connectivity and open new avenues for cross-border investment opportunities.

“Tabadul provides investors with a new investment gateway and an invaluable platform that offers seamless access to new growth markets and investment options in good performing listed companies,” added Al Nuaimi.

The agreement is expected to strengthen cross-border market activity between the two markets and contribute to the growth of the securities market in both the UAE and Armenia.

ADX expands its horizon

Meanwhile, the partnership between the ADX and AMX follows similar pacts with the Kazakhstan Stock Exchange, the Astana International Exchange, New York Stock Exchange and Shenzhen Stock Exchange as stock markets in GCC countries tap other growth markets to promote cross-border investment and listings.

ADX partnered with Eureeca, a global investment platform that matches individual and institutional investors with growth and pre-IPO companies, in March to bolster accessibility to initial public offerings (IPOs). The initiative is expected to tap into the growing interest of regional and global retail investors and high-net-worth individuals.

The Abu Dhabi exchange signed an MoU with the New York Stock Exchange in November 2023 to collaborate on several key business activities, including the dual listing of companies on both exchanges.

The two exchanges will explore opportunities to develop ETFs and data and index products, as well as collaborate on sustainability-related initiatives.

Similarly, the pact between the ADX and Shenzhen Stock Exchange focuses on bolstering cross-border index and ETF cooperation, as well as exploring international financing opportunities.

Read: ADX, Kazakhstan Stock Exchange join forces to boost cooperation