Bahrain Stock Exchange and Abu Dhabi Securities Exchange launch “Tadawul” platform

In the presence of His Excellency the Minister of Finance and National Economy

The Bahraini Stock Exchange and the Abu Dhabi Securities Exchange have announced the launch of the first of its kind “Tadawul” platform in the region to provide direct access to the markets. The platform was launched in both Abu Dhabi at the same time. Securities Exchange and the Bahraini Stock Exchange ADX His Excellency Mr. Zayed bin Rashid Al Zayani, Minister of Industry and Trade and Minister responsible for the Bahrain Scholarship in the Kingdom of Bahrain, and His Excellency Mr. Rasheed Mohammed Al Maraj, Governor of the Central Bank of Bahrain, and each of the members of the Board of Directors and Executive of the Bahrain Stock Exchange and Abu Dhabi Securities Exchange.

The launch of the exchange is based on the Strategic Partnership Agreement signed in November 2021 by the Abu Dhabi Securities Exchange and Bahrain Stock Exchange; To improve aspects of cooperation between the two parties and bring about a qualitative shift aimed at improving liquidity in the two markets, including market trading. The “Tadawul” platform provides an integrated system aimed at providing a trading network between regional and international stock exchanges. The platform enables investments outside the borders between the Bahrain Stock Exchange and the Abu Dhabi Stock Exchange, in addition to enable direct trading by licensed brokers in both markets.

His Excellency Sheikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy of the Kingdom of Bahrain, delivered a welcoming speech at the beginning of the ceremony in which he said: “Financial institutions play a key role in promoting the wheel of economic development, and today we are witnessing a special event that is the fruit of the strategic partnership between the Kingdom of Bahrain and the United Arab Emirates. ” The sister United States, which embodies the care and attention of His Majesty King Hamad bin Isa Al Khalifa, King of the Great Land, and his brother, His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the sister United Arab Emirates, may God protect them, to develop the joint investment environment between the two fraternal countries through the constant striving to create paths Renewed cooperation with various financial and investment institutions.

His Excellency Hisham Malak, Chairman of the Board of Directors of the Abu Dhabi Securities Exchange, said: “In view of the facts and achievements made by the GCC countries in all areas, particularly in the economic field, in which the importance of the financial market integration has emerged, which plays an important role in promoting the process of economic growth in the GCC countries. The launch of the “Tadawul” platform, a joint initiative between the Abu Dhabi Securities Exchange in collaboration with the Bahrain Stock Exchange, which aims to eliminate the capital markets in the region to ensure the liquidity of financial markets and create sustainable investment opportunities, to shed light on the crucial role that these markets play in regional growth.

The launch of this platform comes within the wise vision to lead the two countries to accelerate economic growth and strengthen the financial services sector. The launch of the “Tabadul” platform also reflects the commitment of the Emirate of Abu Dhabi to strengthen economic relations with the countries of the region in a new step towards strengthening the ongoing cooperation between the UAE and the sister Kingdom of Bahrain for more economic prosperity for both countries.

Saeed Hamad Al Dhaheri, Managing Director and CEO of Abu Dhabi Securities Exchange, said: “Expanding the scope of regional partnerships is a key objective of ADX One’s strategy, which seeks to increase liquidity, improve market efficiency and sustain market growth. to float.

The launch of the Tadawul platform is a testament to our commitment to this strategy and that it is the preferred market for investors and issuers. The exchange platform will improve regional relations and exchanges, and increase investment opportunities for investors and issuers. We look forward to working closely with our partners at Bahrain Stock Exchange to improve our offering and bring more capital markets to the platform, enabling the growth of capital markets in the region and supporting the economic diversification of the GCC countries. “

In turn, the CEO of Bahrain Bourse and Managing Director of Bahrain Clear, Sheikh Khalifa bin Ibrahim Al Khalifa, said: “The launch of the ‘Tadawul’ platform is a highlight of the efforts of the Bahrain Stock Exchange and the Abu Dhabi Securities Exchange over the past eight months, reflecting Bahrain Stock Exchange’s commitment to improving cooperation with the Gulf Cooperation Council countries’ stock exchanges in line with the strategy to develop the financial services sector in the economic recovery plan, which under its priorities the development of the capital market. “

Sheikh Khalifa added: “The launch of the ‘Tadawul’ platform is a qualitative achievement in the regional capital markets, as the ‘Tadawul’ platform will provide benefits to both parties (Abu Dhabi Securities Exchange and Bahrain Stock Exchange), which will continue the sustainable growth in both markets by expanding the base of We look forward to continuing to work with our partners in the Abu Dhabi Securities Exchange to further enhance the services provided by the Tadawul Platform and expand as we continue to improve our joint engagement with the market. “

The “Tadawul” platform will be available to all investors who have registered with the approved local brokers and completed the “know your client” procedures at the local stock exchange in their country of residence. Securities are traded on the “Tadawul” platform in the local currency of the relevant stock exchange, and in some cases securities are traded in the currency specified for the traded assets, and there is no minimum trading order, but investors must stock exchanges during the specified trading days and hours Public holidays in the capital markets and trading hours for trading securities specified in both markets.

For more information on registering and trading on the Tadawul platform, please visit:

https://www.adx.ae/tabadul

or https://www.bahrainbourse.com/tabadul

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About the exchange platform

It is a regional exchange platform that offers unlimited investment opportunities and facilitates flexible access to a number of capital markets in the region. The platform is based on the principle of mutual market access model, which is a joint initiative of the Abu Dhabi Securities Exchange and Bahrain Stock Exchange that contributes to the promotion of cross-border investments and enables investors to trade directly in the capital markets in the region. , where investors can trade securities in other capital markets By registering with their local approved broker and ordering to trade via the exchange platform.

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