ADX, Bahrain Bourse announce joining of Muscat Stock Exchange to Tabadul

ADX, Bahrain Bourse announce joining of Muscat Stock Exchange to Tabadul

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ABU DHABI, 30th January, 2023 (WAM) -- The Abu Dhabi Securities Exchange (ADX) and Bahrain Bourse (BHB) announced today that Muscat Stock Exchange (MSX) has now joined the "Tabadul" platform, the region’s first digital exchange hub, established on the mutual market access model that provides a trading network between stock exchanges regionally.

As a result, MSX’s listed securities, along with those of ADX and BHB, are now available for digital trading, further enhancing liquidity and facilitating trading mechanisms for investors.

The announcement came during a bell ringing ceremony, organised by ADX at its headquarters, to officially welcome MSX to Tabadul, in the presence of Saeed Hamad Al Dhaheri, ADX’s Managing Director and CEO, Shaikh Khalifa bin Ebrahim Al Khalifa, CEO of Bahrain Bourse, Haitham Salim Al Salmi, CEO of MSX, and Dr. Maryam Buti Al Suwaidi, CEO of the UAE Securities and Commodities Authority (SCA).

In September 2022, ADX and MSX signed a Memorandum of Understanding (MoU) strengthening bilateral collaboration in areas related to exchange of expertise, information, and advisory services, as well as training, facilitating the entry of broker members, developing systems, and enhancing integration. The MoU was signed on the sidelines of the visit of President His Highness Sheikh Mohamed Bin