The Abu Dhabi Stock Exchange (ADX) and the Bahrain Stock Exchange (BHB) on Wednesday announced the launch of the region’s first virtual hub: Tabadul.
Tabadul, the result of the strategic partnership agreement concluded in November 2021 between ADX and BHB to put into effect a cross-border plan in the trading and post-trading environments, will allow investments in Abu Dhabi and Bahrain and allow investors to operate directly on any of the authorized broker exchanges.
ADX has 20,000 registered Bahraini investors with a general publicity (buy and sell) of Dh1300 million and a trading volume of 320 million shares in 2021.
Saeed Hamad Al Dhaheri, Managing Director and Chief Executive Officer of ADX, said: “Tabadul will establish links between regional exchanges and expand investment opportunities for investors. We look forward to working heavily with our partners at the Bahrain Stock Exchange to further decorate our offering and integrate more capital markets. “in the center, enabling the expansion of capital markets in the region and supporting the diversification of GCC economies.
Bahrain Stock Exchange Ceo and Bahrain Clear Vice President and General Manager and Managing Director Shaikh Khalifa bin Ebrahim Al Khalifa said that “the launch of Tabadul is the culmination of BHB and ADX’s efforts over the past 8 months, reflecting BHB’s commitment to achieving better coordination with GCC Exchanges, in line with the monetary sector progression strategy of the economic recovery plan, which gives priority to the progression of the capital market. “
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