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Officials from ADX and the Luxembourg Stock Exchange signed a Memorandum of Understanding.
The Abu Dhabi Securities Exchange (ADX) and the Luxembourg Stock Exchange (LuxSE) announced the signing of a Memorandum of Understanding (MoU).
The purpose of the MOU is to establish a collaborative framework between the two institutions to facilitate dual listings of a wide range of financial instruments, maximize access to European, Middle Eastern and international investors for both parties’ respective issuers, and expand pre- and post-listing services , providing training programs to raise awareness of sustainable debt products and using ESG data to enhance issuer and investor engagement in the Middle East and Europe.
Abdulla Salem Alnuaimi, CEO of ADX, said: “Partnership and relationship building with exchanges is a key tenet of the development of ADX.
Through this MoU, we are building a deeper connection with LuxSE and demonstrating our continued commitment to collaboration, supporting sustainable finance, sharing global best practices, encouraging bilateral investment, and expanding exchange investors’ exposure to ADX Bond and Sukuk Issuer Basis.
We will continue to leverage its diverse product offerings, active equity capital markets and extensive network to enhance our growing exchange’s liquidity and activity. “
“We are delighted to formalize our partnership with Abu Dhabi Securities Exchange through this MoU. Collaboration across regions plays a key role in creating interconnected and more sustainable capital markets, and we look forward to working with our counterparts in the United Arab Emirates to provide Growth, innovation and sustainable economic development in the region create new opportunities,” commented LuxSE CEO Julie Becker.
As the world’s leading exchange for the listing of international debt securities, the Luxembourg Stock Exchange places great emphasis on international cooperation and sustainable finance, working closely with selected exchanges around the world to create a more connected capital market and provide global issuers with access to The international investment community provides convenience to the world.
The Abu Dhabi Securities Exchange (ADX) was established on 15th November 2000 under Local Law No. (3) of 2000, the provisions of which confer on the market a legal entity with an autonomous status, independent finance and management. The Act also gives ADX the supervisory and enforcement powers necessary to carry out its functions.
On March 17, 2020, ADX was transformed from a “Public Entity” to a “Public Joint Stock Company PJSC” by Law No. (8) of 2020. ADX is part of ADQ, one of the largest holding companies in the region with a broad portfolio of major businesses spanning key sectors of Abu Dhabi’s diversified economy.
ADX is a securities exchange market; including shares issued by public joint stock companies, bonds issued by governments or companies, exchange traded funds and any other financial instruments approved by the UAE Securities and Commodities Authority (SCA). ADX is the second largest market in the Arab region and its strategy of delivering stable financial performance and diversifying revenue streams is in line with the guiding principles of the UAE’s ‘Towards the Next 50 Years’ agenda.
The National Plan sets out the UAE’s strategic development plan aimed at building a sustainable, diversified and high value-added economy that actively contributes to the transition to a new global model of sustainable development.
The Luxembourg Stock Exchange (LuxSE) is the gateway to international investors. With more than 41,000 listed securities, including 37,000 debt instruments, from 1,800 issuers in 100 countries, LuxSE is the world’s leading exchange for listing international debt securities, offering a unique combination of listing, trading and information services.
In 2016, LuxSE launched the Luxembourg Green Exchange (LGX), the first exchange in the world to operate a platform entirely dedicated to sustainable securities. LGX has become a meeting place for sustainable issuers and impact-minded investors, covering more than 1,700 sustainable bonds from 270 issuers in 50 countries with a combined value of EUR 910 billion. In 2020, LuxSE established LGX Academy and LGX DataHub to facilitate access to sustainable finance education and structured sustainability data.
The Abu Dhabi Securities Exchange (ADX) earlier announced that it has signed an agreement with the Astana International Exchange (AIX), making AIX the fourth member of the Tabadul Digital Trading Hub. Other members of Tabadul include the Bahrain Stock Exchange (BHB) and the Muscat Securities Market (MSX).
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