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Bahrain Exchange (BHB) and Abu Dhabi Stock Exchange (ADX) have announced the launch of the region’s first digital trading hub – Tabadul. The exchange commemorated the landmark achievement of Tabadul’s launch with an official bell-ringing ceremony broadcast live from the headquarters of BHB and ADX. HE Hisham Malak, Chairman of the Abu Dhabi Stock Exchange (ADX), sounded the opening bell at the Abu Dhabi Stock Exchange, and HE Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy, sounded the opening bell at the Bahrain Exchange, The Hon. Zayed bin Rashid Al Zayani, Minister of Commerce and Industry and Head of Bahrain Exchange, and His Excellency Rashid Mohamed Al-Malaj, Governor of the Central Bank of Bahrain, as well as the Board of Directors and Executive Management attended both exchanges.
Tabadul is the result of a strategic partnership agreement signed by the Abu Dhabi Stock Exchange (ADX) and Bahrain Exchange (BHB) in November 2021 to implement cross-border initiatives in both transactional and post-trade environments. Based on a mutual market access model, Tabadul will allow investments on the Bahrain Exchange and Abu Dhabi and enable investors to trade directly on both exchanges through licensed brokers in both markets.
Bahrain’s Minister of Finance and National Economy Sheikh Salman bin Khalifa Al Khalifa said in his welcoming remarks: “Capital markets play a vital role in accelerating economic development and today we witness An extraordinary launch due to the strategic cooperation between the Kingdom of Bahrain and the UAE, in the presence of His Majesty King Hamad bin Issa Al Khalifa and UAE President Sheikh Mohamed bin Zayed We have witnessed advanced growth with the continued support of His Majesty Al Nahyan. We are keen to improve the investment climate in both countries by exploring new ways of cooperation within the capital market ecosystem to further support the local economy.”
HE Hisham Malak, Chairman of the Abu Dhabi Stock Exchange (ADX), said: “The long-term vision of our pioneering leader is to create a network of exchanges in the region to ensure market liquidity and lasting financial prosperity. The launch of Tabadul in partnership with Bahrain Exchange under the leadership of the Abu Dhabi Stock Exchange has become a reality. This collaboration highlights the central role of capital market development in regional growth.”
“The launch of Tabadul reflects the emirate’s commitment to building closer economic ties with countries in the region and enhancing market liquidity. It is a step in strengthening cooperation between the UAE and Bahrain and will further bring economic prosperity to both countries. This new milestone will contribute to the economic growth of the Emirate of Abu Dhabi by accelerating economic diversification and strengthening its financial services sector, attracting a wider range of investors and issuers from around the world, creating a vibrant capital Market environment.”
Saeed Hamad Al Dhaheri, Managing Director and CEO of ADX, commented: “Expanding regional partnerships is a core element of ADX One’s strategy to increase liquidity, improve market efficiency and drive sustainable growth of the exchange. The launch of Tabadul A testament to our commitment to strategy and to being the market of choice for issuers and investors. Tabadul will strengthen connections between regional exchanges and expand investment opportunities for investors. We look forward to working closely with our partner Bahrain Exchange , to further strengthen our services and bring more capital markets to the hub, thereby promoting the growth of capital markets in the region and supporting the diversification of GCC economies.”
Shaikh Khalifa Bin Ebrahim Al Khalifa, Chief Executive Officer of Bahrain Bourse and Deputy Chairman and Managing Director of Bahrain Clear, commented: “The launch of Tabadul is the culmination of the efforts of BHB and ADX over the past eight months and reflects BHB’s commitment to strengthen coordination with The cooperation of the GCC Exchange is in line with the Economic Recovery Plan’s financial services sector development strategy, which prioritizes the development of capital markets.”
“The launch of Tabadul is a major milestone achievement for the regional capital markets. Tabadul will be mutually beneficial to both capital markets – ADX and BHB, supporting the continuation of both markets by expanding their respective investor bases and meeting investors’ broad horizons Continued growth. We look forward to continuing to work with our partner ADX to further enhance and broaden Tabadul’s market offering as we continue to strengthen our mutual market connections.”
Tabadul is available to all investors who have registered with an eligible local broker and filled out the necessary KYC documents required by the local exchange in their country of residence. Securities on Tabadul are traded in the local currency of the respective exchange, and in some cases in the designated currency of the traded asset, with no minimum amount required for orders. Investors can trade on the onboard exchange on specified dates and trading hours. All investors must conduct corresponding securities transactions in accordance with their respective capital market statutory holidays and trading hours.
For more information on registering and trading with Tabadul, please visit https://www.adx.ae/tabadul or https://www.bahrainbourse.com/Tabadur.
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About Tabadur
Tabadul is a premier regional trading hub, offering unlimited investment opportunities and easy access to multiple capital markets in the region. Built on a mutual market access model, it was launched in partnership with the Abu Dhabi Stock Exchange (ADX) and the Bahrain Stock Exchange (BHB) to expand cross-border investment, enabling investors to connect directly with registered capital markets Trading. Investors can trade securities in other capital markets by registering with their authorized local broker and requesting to trade through Tabadul.
About Abu Dhabi Stock Exchange
The Abu Dhabi Stock Exchange (ADX) was established on 15 November 2000 under Local Law No. (3) of 2000, the terms of which confer market autonomy as a legal entity with independent financial and management. The Act also gives ADX the supervisory and administrative powers it needs to perform its functions. On March 17, 2020, under Law No. (8) of 2020, ADX was transformed from a “public entity” to a “public joint stock company PJSC”. ADX is part of ADQ, one of the largest holding companies in the region, with an extensive portfolio of key businesses covering key sectors of Abu Dhabi’s diverse 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 to provide stable financial performance and diversified 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, which aims to build a sustainable, diversified and high value-added economy that positively contributes to the transition to a new global sustainable development paradigm.
About Bahrain Exchange
Bahrain Exchange is a self-regulated multi-asset market operator established in 1987. Bahrain Exchange aims to provide its investors, issuers and intermediaries with a full suite of exchange-related facilities, including listing, trading, settlement and depository services for various exchanges. Financial tool. Our goal is to provide our stakeholders with the best possible investment and transaction solutions, and combining this with creative insight and problem-solving skills provides our investors, issuers and intermediaries with valuable resources to meet their every expectation. Our key growth pillars underpin the way we do business and the way we engage with our stakeholders: origins, innovation, collaboration and pioneering spirit, all working together to enable us to offer you an “Oasis of Investment Opportunities”.
For media inquiries, please contact:
Marketing and Business Development
e-mail: mbsd.info@bahrainbourse.com
For general enquiries, please contact:
Bahrain Financial Port
Harbour Gate, Level 4
PO Box 3203
Manama, Kingdom of Bahrain
info@bahrainbourse.com
www.bahrainbourse.com
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