Abu Dhabi’s ADX & Muscat Securities Market ink MoU to enhance cooperation

Abu Dhabi’s ADX & Muscat Securities Market ink MoU to enhance cooperation

The Abu Dhabi Securities Exchange (ADX) and the Muscat Securities Market (MSX) have signed a memorandum of understanding (MoU) in order to improve cooperation and expand bilateral relations between the two entities.

The agreement is aligned with ADX’s commitment to supporting the UAE’s strategy for economic diversification and growth to promote prosperity in the country.

The MoU builds on the foundations of the close partnership between the two parties and aims to increase collaboration in a wide range of areas to serve their common interests.

Saeed Hamad Al Dhaheri

MD & CEO – ADX “The signing of this MoU reaffirms both Abu Dhabi’s and ADX’s commitment to establishing a regional network for knowledge and information sharing which is intended to bolster liquidity and mutual long-term economic growth with our regional partners. The signing of the MoU between ADX and MSX, which is aligned with the GCC’s efforts in promoting financial integration, aims to further develop the investment and capital markets landscape between the two countries by adopting the highest standards of regulatory best practices in both markets. To this end, ADX will continue in its successful efforts to date in establishing close working relationships, cooperation, and collaboration with regional and international financial markets.”

The MoU