ADX and Bahrain Bourse launch region’s first digital exchange

ADX and Bahrain Bourse launch region’s first digital exchange

The Abu Dhabi Securities Exchange (ADX) and Bahrain Bourse (BHB) launched the Tabadul Exchange Hub, the GCC’s first digital exchange hub, aimed at boosting market and economic relations between the two countries.

Tabadul, which highlights the importance of cross-border trade, will allow investors in Abu Dhabi and Bahrain to directly trade with each other through licensed brokers, as well as enable investments between the two nations, the ADX said in a statement on Wednesday.

On a larger scale, the partnership will help increase the bourses’ liquidity and efficiency, and drive sustainable growth, Saeed Al Dhaheri, managing director and chief executive of the ADX, said.

“Broadening regional partnerships is a core element of ADX One strategy. The launch of Tabadul is a testament to our commitment to the strategy and to being the market of choice for issuers and investors,” he said.

“Tabadul will strengthen ties between regional exchanges and expand investment opportunities for investors. We look forward to working closely with our partners Bahrain Bourse to further enhance our offering and onboard more capital markets to the hub, enabling the growth of capital markets in the region and supporting the diversification of GCC economies.”

The ADX, the Arab world’s second-biggest exchange, has around 20,000 registered