Abu Dhabi, United Arab Emirates: Abu Dhabi Securities Exchange (ADX), one of the fastest growing exchanges in the world, announced today that it has signed a memorandum of understanding with the Armenia Securities Exchange (AMX), based in Yerevan, Armenia, to collaborate on a number of key initiatives.

The MoU highlights the commitment of the exchanges to strengthen the ties between both capital markets and to cooperate on initiatives that serve to foster greater trading and investment opportunities in both economies. Under this MoU, ADX and AMX can explore and cooperate on areas including technology, sharing of best trading practices, educational initiatives and training for investors, promoting market development and innovation. 

The MoU will also pave the way for the inclusion of AMX as a member of the Tabadul Digital Exchange Hub, the region’s first digital exchange platform based on mutual market access, enhancing connectivity and opening new avenues for cross-border investment opportunities.

Abdulla Salem Alnuaimi, Group Chief Executive Officer of ADX, said: “Our agreement with the Armenia Securities Exchange marks a significant milestone on our journey to boost global connectivity and drive the exchange of information among ADX and other global markets. This collaboration extends our presence into West Asia, in line with our objectives to increase cross-border market activity and unlock further opportunities for investors. We look forward to welcoming AMX to our growing network of exchanges on the Tabadul digital hub. Tabadul provides investors a new investment gateway and an invaluable platform that offers seamless access to new growth markets and the investment options in good performing listed companies.  In addition, we welcome Armenian investors to better understand ADX’s marketplace and to tap on the success and growth of ADX listed companies.”

“The Abu Dhabi Securities Exchange is one of the largest in the Middle East and has recently launched a new platform, Tabadul, designed for exchange member brokers. This platform enables brokers to trade across connected exchanges, granting them easy access to foreign exchange instruments without the need to open accounts abroad. Additionally, the platform will enhance the visibility of Armenian securities, particularly government bonds, to Middle Eastern investors, thereby attracting foreign investment. We are currently working to overcome the legal and technical challenges necessary to join the platform. By signing this MoU, we are taking a significant step toward becoming a bridge between the Middle East and Europe, which will help bring more investments to our region,” said Hayk Yeganyan, CEO of Armenia Securities Exchange (AMX).

The MoU is expected to strengthen cross-border market activity between the two markets and contribute to the growth of the securities market in both the United Arab Emirates and the Republic of Armenia.

Abu Dhabi Securities Exchange (ADX) is the second largest market in the Arab region. ADX provides a wide range of products and services, including trading in stocks, bonds, exchange-traded funds (ETFs), derivatives and other financial instruments approved by the UAE Securities and Commodities Authority (SCA). ADX is among the top seven exchanges in the world in terms of the volume of funds raised through IPO. The exchange hosted three of the twenty largest IPOs in the world in 2023.

-Ends-

About Abu Dhabi Securities Exchange

Abu Dhabi Securities Exchange (ADX) was established on November 15, 2000, by Local Law No. (3) Of 2000, the provisions of which vest the market with a legal entity of autonomous status, independent finance and management.  The Law also provides ADX with the necessary supervisory and executive powers to exercise its functions. On March 17, 2020, ADX was converted from a "Public Entity" to a "Public Joint Stock Company PJSC" pursuant to law No. (8) of 2020. ADX is part of ADQ, one of the region's largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi's diversified economy.

ADX is a market for trading securities; including shares issued by public joint stock companies, bonds issued by governments or corporations, exchange traded funds, and any other financial instruments approved by the UAE Securities and Commodities Authority (SCA). ADX is the second largest market in the Arab region and its strategy of providing stable financial performance with diversified sources of incomes is aligned with the guiding principles of the UAE "Towards the next 50" agenda. The national plan charts out the UAE's strategic development scheme which aims to build a sustainable, diversified and high value-added economy that positively contributes to transition to a new global sustainable development paradigm.    

For more information, please contact:
ADX
Abdulrahman Saleh ALKhateeb
Manager of Corporate Communication
Email ALKhateebA@adx.ae

About Armenia Securities Exchange - AMX

Armenia Securities Exchange (AMX) is the only securities regulated market operator in Armenia. As an integrated exchange offering, AMX provides a full suite of services including listing, trading, clearing, information services, and alternative market solutions. Investors receive a wide range of investment products and maximum transparency, together with the smooth and efficient execution and clearing of trade transactions. Being a 100% shareholder of the Central Depository of Armenia, AMX also provides integrated settlement solutions for both resident and non-resident clients by utilizing the central depository’s international settlement network and relationships with global depositories.   

The mission of AMX is to enhance and develop the infrastructure of the Armenian capital market and create an attractive business environment. 

For additional information please contact AMX Marketing and Communication Department, pr@amx.am.