Abu Dhabi: Abu Dhabi Securities Exchange (ADX), one of the world’s fastest growing and best-performing exchanges, has partnered with Mashreq, a leading financial institution in MENA, to provide its customers with instant access to trading on the Exchange.

The partnership was formalised in a memorandum of understanding (MoU) with Mashreq and an access and process agreement with Mashreq Securities. The agreement simplifies and streamlines the digital onboarding process for Mashreq customers, allowing them to instantly obtain a National Investor Number (NIN).

ADX and Mashreq will work together to introduce a simple process for individuals to obtain a NIN and set up a trading account. Using a state-of-the-art secure digital platform, the new process will eliminate the requirement to print, sign and e-mail documents.

The agreement with Mashreq supports ADX’s strategy of harnessing the power of digital technology to increase access to investment opportunities offered by the Exchange, hence widening its investor base and enhancing market liquidity.

Trading value on the ADX reached AED 450 billion in 2022, an increase of almost 21.9% from 2021, driven by a stream of listings and growing interest from regional and international investors.

Mr. Abdulla Salem ALNuaimi, Chief Operations Officer of Abu Dhabi Securities Exchange, said: “ADX is delighted to partner with Mashreq to provide its customers with quick and easy access to the growing number of securities listed on the Exchange. Working with partners to facilitate access to the unique growth opportunities offered on ADX supports our mission to drive opportunity and growth through an innovative, dynamic and transparent marketplace.”

ALNuaimi added: “We have witnessed a robust pipeline of IPOs and listings last year and will continue to introduce more products and services that will further augment our offer to a growing number of investors locally and internationally.”

Aladdin Al Deesi, Executive Vice President & Head of Mashreq Gold, said: “We are thrilled to partner with ADX for supporting the growth and accessibility to UAE’s capital markets through our mobile banking proposition that will offer a seamless digital experience to all our customers. Through this strategic collaboration between Mashreq Securities and ADX, customers can generate an investor number (NIN), and open a brokerage account with Mashreq Securities in real time without any paperwork. The digital journey will also allow the clients to subscribe digitally to any upcoming initial public offerings (IPOs) with ADX through the Mashreq mobile banking app. We are committed to supporting the vision of the UAE to build a strong infrastructure for its capital markets and investors.”

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About Abu Dhabi Securities Exchange (ADX)

Abu Dhabi Securities Exchange (ADX) was established on November 15 of the year 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 17th March 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 & Digital Marketing
Email: ALKhateebA@adx.ae
Brunswick Group
Mahmoud Kassem
Director
Email: mkassem@brunswickgroup.com

About Mashreq

Mashreq is more than half century old bank, yet proudly thinks like a challenger, startup, and innovator. Mashreq pioneered key innovations and developments in banking, starting with entry-level digital-first customers, all the way to powering some of the region’s most prominent corporations and wealth accounts.

The bank’s mandate is to help customers find their way to Rise Every Day, partnering through the highs and lows to help them reach fulfillment, achieve financial goals, and unlock their vision of success.

Reassuringly present in major financial centers of the world, Mashreq’s home and global HQ remains in the Middle East, offering services whenever and wherever opportunity takes its customers.

Find your way to Rise Every Day at Mashreq.com/RiseEveryDay

For media enquiries, please contact:
Rana AlBorno                                                             
Public Relations, Mashreq                                                     
Email: RanaAlb@mashreq.com