Abu Dhabi Securities Exchange seals MoU with Luxembourg Stock Exchange

  • Date: 09-Jun-2023
  • Source: GCC Business News
  • Sector:Financial Markets
  • Country:UAE
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Abu Dhabi Securities Exchange seals MoU with Luxembourg Stock Exchange

Abu Dhabi Securities Exchange (ADX) and Luxembourg Stock Exchange (LuxSE) have signed a Memorandum of Understanding (MoU) in order to establish a framework for cooperation between the two institutions.

The MoU intends to facilitate the dual listing of a broad range of financial instruments, maximize access to European, Middle Eastern, and international investors, expand pre- and post-listing services, provide access to training programs to foster awareness around sustainable debt products and leverage ESG data to enhance issuer and investor engagement both in the Middle East and Europe.

Abdulla Salem Al Nuaimi

CEO – ADX “Forming partnerships and building relationships with exchanges is a key tenet of ADX’s growth. Through this MoU, we are forging deeper ties with LuxSE and demonstrating our ongoing commitment to collaboration, supporting sustainable finance, sharing global best practices, encouraging bilateral investments, and broadening both exchanges’ investors’ base of bond and sukuk issuers in ADX. We will continue to leverage its diversified product offering, active equity capital markets, and extensive network to enhance liquidity and activity on our growing exchange.”

Ms. Julie Becker, CEO of LuxSE, said that, “We are delighted to formalize our cooperation with the Abu Dhabi Securities Exchange through this Memorandum of Understanding.”

“Cross-regional collaboration plays a pivotal role