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Abu Dhabi Securities Exchange (ADX) and Bahrain Bourse (BHB) and Launch Tabadul Exchange Hub Abu Dhabi

Abu Dhabi Securities Exchange (ADX) and Bahrain Bourse (BHB) and Launch Tabadul Exchange Hub Abu Dhabi

Abu Dhabi Securities Exchange (ADX) and Bahrain Bourse announced the launch of the region’s premier mutual market access hub – Tabadul. The launch ceremony of Tabadul was conducted simultaneously in ADX and BHB Market, Abu Dhabi Securities Exchange (ADX) and Bahrain Bourse announced the launch of the region’s first digital exchange hub – Tabadul. The exchanges commemorated this landmark achievement towards the launch of Tabadul by unveiling the brand with an official bell ringing ceremony live streamed from the ADX and BHB headquarters. H.E. Hisham Malak, Chairman of Abu Dhabi Securities Exchange (ADX) rang the market opening bell at Abu Dhabi Securities Exchange and H.E. Shaikh Salman bin Khalifa Al-Khalifa, Minister of Finance and National Economy at Bahrain Bourse, and the ceremony was live-streamed in both markets with the attendance of H.E. Zayed bin Rashid Al Zayani, Minister of Industry and Commerce and the Minister in Charge of Bahrain Bourse, and H.E. Rasheed Mohammed Al Maraj, Governor of the Central Bank of Bahrain from the Kingdom of Bahrain along with the Board of Directors and Executive Management of both exchanges.

Tabadul was established as the result of the signed strategic partnership agreement in November 2021 between Abu Dhabi Securities Exchange (ADX) and Bahrain Bourse (BHB) to implement a cross-border plan in trading and post-trading environments. Based on the mutual market access model, Tabadul will allow investments across Bahrain Bourse and Abu Dhabi and enable investors to trade directly on the both exchanges through licensed brokers in both markets.

During a welcoming speech, H.E. Shaikh Salman bin Khalifa Al-Khalifa, Minister of Finance and National Economy of Bahrain said, “Capital markets play a vital role in accelerating the development of the economy, and today we witness a remarkable launch as a result of the strategic cooperation between the Kingdom of Bahrain and UAE and the respective stock exchanges of each market. We are keen to enhance the investment environment in both countries by exploring new ways of cooperation within the capital market ecosystem to further support the local economy.