Jordan and UAE Strengthen Financial Ties with Launch of “Tabadul” Electronic Link Between Amman and Abu Dhabi Stock Exchanges
Official Launch of the Tabadul Platform
Amman: In a significant development for regional financial markets, Jordan’s capital market institutions, in collaboration with the Abu Dhabi Securities Exchange (ADX), officially launched the electronic link between the Amman Stock Exchange and ADX through the “Tabadul” platform. The launch took place during a formal ceremony at the InterContinental Hotel in Amman, attended by key figures from both nations.
The event featured prominent attendees including Ghannam Al Mazrouei, Chairman of ADX; Abdullah Salem Al Nuaimi, Group Chief Executive Officer of ADX; Emad Abu Haltem, Chairman of the Jordan Securities Commission; and Mazen Al Wathaifi, Chief Executive Officer of the Amman Stock Exchange. Also present were executives from Jordanian banks, brokerage firms, representatives of capital market institutions, and members of the media.
Enhancing Market Efficiency and Liquidity
The activation of the electronic link is part of ongoing efforts to strengthen cooperation between the Hashemite Kingdom of Jordan and the United Arab Emirates. This initiative aims to develop regional financial markets and enhance their integration, thereby broadening the investor base and increasing access to financial markets through cross-market trading facilitated by brokerage firms.
Emad Abu Haltem emphasized that the electronic link represents a strategic step toward enhancing integration among Arab financial markets. He noted that this initiative reflects the deep-rooted strategic and economic ties between Jordan and the UAE, contributing to improved liquidity, market efficiency, and broader investment opportunities for investors in both countries.
A Model for Financial Market Integration
Abdullah Salem Al Nuaimi highlighted that the “Tabadul” platform serves as an advanced model for financial market integration. It provides a secure and sophisticated trading environment that facilitates access for investors and brokerage firms to member markets. This integration is expected to enhance the attractiveness of the region’s financial markets.
Mazen Al Wathaifi remarked that the electronic link aligns with the strategic partnership between Jordan and the UAE. He stated that this initiative supports the Amman Stock Exchange’s objectives by promoting openness to regional and global financial markets, enhancing the exchange of expertise, and improving market liquidity and depth.
Streamlined Trading and Regulatory Framework
Sara Al Tarawneh, Chief Executive Officer of the Securities Depository Centre, affirmed that the agreement enables seamless trading between the two markets. This is achieved within a fully integrated legal and regulatory framework, ensuring that settlement, clearing, and pre- and post-trade services are executed with high accuracy and reliability.
The ceremony included a presentation detailing the functionality of the “Tabadul” platform. During the event, the opening bell was rung, marking the official commencement of the electronic link between the Amman Stock Exchange and ADX. This milestone underscores the cooperation and integration between the two exchanges, as the first transaction was executed.
Commemorating Strategic Partnerships
The event concluded with the exchange of commemorative shields and group photographs, symbolizing the strong relations and strategic partnership between Jordan and the UAE across various economic, financial, and investment sectors.
Launched by ADX in 2022, the “Tabadul” platform is a leading initiative aimed at providing interconnectivity among member markets. It facilitates mutual access for brokerage firms, allowing investors to capitalize on available investment opportunities and trade across member markets efficiently within an integrated regulatory and operational framework. The platform includes members such as the Muscat Stock Exchange, Bahrain Bourse, Astana International Exchange, Kazakhstan Stock Exchange, and Armenia Securities Exchange, in addition to the Amman Stock Exchange and ADX.
On December 11, 2024, the Amman Stock Exchange and the Securities Depository Centre signed the electronic linking agreement with ADX to join the “Tabadul” platform. This agreement is expected to strengthen cooperation, enhance financial market development, improve efficiency, and expand investment opportunities for investors in both countries.
Source: www.emirates247.com
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Published on 2026-06-01 22:07:00 • By the Editorial Desk
