The Abu Dhabi Securities Exchange (ADX), one of the world’s fastest-growing exchanges, has signed an agreement with the Amman Stock Exchange (ASE) and the Jordan Securities Depositary Center (SDC) to integrate ASE into the Tabadul Digital Exchange Hub. The agreement was signed during the Middle East Investor Relations Association (MEIRA) Conference in Abu Dhabi, marking ASE as the eighth exchange to join Tabadul, following the recent addition of the Armenia Securities Exchange.
This integration is a significant milestone for cross-border trading and investment opportunities across the region. By connecting markets and fostering greater connectivity, Tabadul continues to streamline trading processes, creating new opportunities for investors in both Jordan and the UAE. Investors in Amman will now have faster and easier access to a broader range of securities products, including the ability to participate in IPOs and other investment opportunities across Tabadul’s member exchanges. Likewise, UAE investors will benefit from increased access to the Amman market.
Launched by ADX in July 2022, Tabadul is the first digital exchange hub in the region, designed to facilitate cross-border trading by connecting member exchanges. The platform allows brokerage firms to seamlessly access markets within the Tabadul network, providing investors with a greater variety of investment opportunities across multiple markets.
Abdulla Salem Alnuaimi, Group Chief Executive Officer of ADX, expressed enthusiasm about ASE’s inclusion, saying, “We are pleased to welcome the Amman Stock Exchange and the Jordan Securities Depositary Center as the newest members of the Tabadul Hub. This addition strengthens our efforts in advancing financial market integration across the region. This partnership will enhance connectivity between the UAE and Jordan, offering investors greater access to diversified opportunities in growth markets. At ADX, we remain committed to fostering innovation through strategic collaborations that support our vision of creating a globally integrated financial ecosystem.”
Mazen Wathaifi, CEO of ASE, emphasized the importance of the partnership, stating, “This agreement with ADX reflects the strong strategic partnership between the two countries. It aligns with the ASE’s objectives of enhancing openness to regional and global markets, boosting liquidity, and facilitating Arab and foreign investment flows into the market.”
Sarah Tarawneh, CEO of SDC, highlighted the operational benefits, saying, “This agreement facilitates cross-border trading and post-trade services across financial markets, simplifying account opening and financial settlements. This will reduce operational costs and mitigate risks, providing investors with expanded opportunities.”
Tabadul currently provides access to over 6.5 million investors across its member exchanges, which include ADX, Bahrain Bourse (BSE), Muscat Stock Exchange (MSX), Kazakhstan Stock Exchange (KASE), Astana International Exchange (AIX), Tajikistan’s Central Asian Stock Exchange (CASE), Armenia Stock Exchange (AMX), and now, the Amman Stock Exchange (ASE). The platform has seen a significant increase in trading activities in 2024, doubling compared to the previous year, reflecting its growing influence in the regional financial landscape.
