ADX lists MBME Group on Growth Market

ADX lists MBME Group on Growth Market

ABU DHABI: The Abu Dhabi Securities Exchange (ADX) announced today that it has listed MBME Group PLC, which operates the region’s largest online utility and government services payment platforms. The Group, the first fintech company to list on ADX, made its trading debut on the Growth Market under the trading symbol MBME.

This achievement enables MBME Group to expand its offerings, access new markets and sectors, increase organic growth, and broaden its geographical focus to include various regions, in addition to transforming smart touch point kiosks into augmented, mixed, and virtual reality experiences.

MBME, a family-owned business, is the 14th company to list on the ADX Growth Market, supporting the strategy of Abu Dhabi and the UAE to diversify the economy through the expansion of technology, financial services and other dynamic growth sectors. The Growth Market delivered robust performance last year. The value of shares traded in 2022 exceeded AED 29.8 billion, rising 88.1 percent year on year.

Saeed Hamad Al Dhaheri, Managing Director and Chief Executive Officer of ADX, said, “We welcome MBME Group, one of the largest online providers of payment solutions in the region, to the Abu Dhabi Securities Exchange. MBME’s listing will bring further diversification to our dynamic exchange,