Abu Dhabi Securities Exchange (ADX) Partners with Mashreq – News

A digital onboarding process that provides clients with instant access to deals

Officials at the signing ceremony. – Photos provided

The Abu Dhabi Securities Exchange (ADX) has partnered with Mashreq to provide its clients instant access to trade on the exchange.

The partnership is formalized in a Memorandum of Understanding (MoU) with Mashreq and an access and process agreement with Mashreq Securities. The agreement simplifies the digital onboarding process for Mashreq clients, enabling them to obtain a National Investor Number (NIN) instantly.

ADX and Mashreq will work together to introduce an easy process for individuals to obtain a NIN and set up a trading account. Using a state-of-the-art secure digital platform, the new process will eliminate the requirement to print, sign and email documents.

The agreement with Mashreq supports ADX’s strategy to leverage the power of digital technology to increase the investment opportunities offered by the exchange, thereby expanding its investor base and enhancing market liquidity. ADX will see transaction volume reach AED450 billion by 2022, an increase of almost 21.9% compared to 2021, driven by a series of listings and growing interest from regional and international investors.

Abdulla Salem AlNuaimi, Chief Operating Officer, Abu Dhabi Securities Exchange, said: “ADX is delighted to partner with Mashreq to provide its clients with fast and easy access to the growing number of securities listed on the exchange. A unique growth opportunity that supports our mission to drive opportunity and growth through an innovative, dynamic and transparent marketplace.”

AlNuaimi added: “We have witnessed strong momentum in IPOs and listings over the last year and will continue to launch additional products and services, further expanding our offering to a growing number of local and international investors.”

Aladdin Al Deesi, Executive Vice President and Head of Mashreq Gold, said: “Through this strategic partnership, clients can generate an Investor Number (NIN) and open a brokerage account with Mashreq Securities in real-time without any paperwork. The digital journey will also Allowing clients to subscribe digitally to any upcoming Initial Public Offering (IPO) using ADX via the Mashreq mobile banking app. We are committed to supporting the UAE’s vision of building a strong infrastructure for its capital markets and investors.”