ADX signs MoU with Muscat Securities Market to expand cooperation

ADX signs MoU with Muscat Securities Market to expand cooperation

ABU DHABI, 28th September, 2022 (WAM) -- The Abu Dhabi Securities Exchange (ADX) and the Muscat Securities Market (MSX) today signed a Memorandum of Understanding (MoU) that aims to build on the strong foundations for a closer partnership and exchange visions and experiences between the two parties in various fields of common interest.

The MoU, which was signed during the visit of President His Highness Sheikh Mohamed bin Zayed Al Nahyan to the Sultanate of Oman, 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. 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.

Saeed Hamad Al Dhaheri, Managing Director and Chief Executive Officer of ADX, commented, "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 MoU, which aligns with the GCC's efforts in promoting financial integration, aims to further develop the investment and capital markets landscape between the two countries