UAE’s ADX, Muscat Securities Market sign MoU to enhance cooperation

UAE’s ADX, Muscat Securities Market sign MoU to enhance cooperation

The Abu Dhabi Securities Exchange (ADX) and the Muscat Securities Market (MSX) have signed a memorandum of understanding (MoU) that aims to build a closer partnership across various fields of common interest. The MoU was signed during the visit of UAE President Sheikh Mohamed bin Zayed Al Nahyan to Oman. The agreement aims to enhance bilateral cooperation and information sharing in a number of areas, including advisory services, and training and development of systems. It also provides a channel of direct communication between the two parties, for the exchange of legal, technical, sustainability and ESG information. Saeed Hamad Al Dhaheri, MD and CEO 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 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