Jordan and Abu Dhabi Strengthen Financial Ties with Launch of “Tabadul” Electronic Link Between Stock Exchanges
Abu Dhabi/Jordan: Jordanian capital market institutions, in collaboration with the Abu Dhabi Securities Exchange Group (ADX), have officially inaugurated an electronic link between their markets via the “Tabadul” platform. The launch ceremony took place at the InterContinental Hotel in Amman and was attended by prominent figures including H.E. Ghannam Al Mazrouei, Chairman of the ADX; Abdullah Salem Al Nuaimi, Group Chief Executive Officer of the ADX; Emad Abu Haltem, Chairman of the Jordan Securities Commission; and Mazen Al Wathaifi, Chief Executive Officer of the Amman Stock Exchange, among others.
Significance of the Electronic Link
The introduction of the electronic link is a strategic move aimed at enhancing cooperation between the Hashemite Kingdom of Jordan and the United Arab Emirates. This initiative aligns with ongoing efforts to develop regional financial markets and improve their integration. By facilitating cross-market trading through brokerage firms, the link is expected to broaden the investor base and increase access to financial markets.
Emad Abu Haltem, Chairman of the Jordan Securities Commission, emphasized that this activation marks a significant step toward deeper integration among Arab financial markets. He noted that the collaboration reflects the longstanding strategic and economic ties between Jordan and the UAE. The project is anticipated to enhance liquidity, improve market efficiency, and create broader investment opportunities for investors in both nations.
Advancements in Market Integration
Abdullah Salem Al Nuaimi, Group Chief Executive Officer of the ADX, highlighted that the “Tabadul” platform exemplifies an advanced model of financial market integration. It provides a secure and sophisticated trading environment, allowing investors and brokerage firms to access member markets more easily. This integration is expected to make the region’s financial markets more attractive to investors.
Mazen Al Wathaifi, Chief Executive Officer of the Amman Stock Exchange, reiterated that the electronic link is part of a strategic partnership between Jordan and the UAE. He stated that this initiative supports the exchange’s objectives by fostering openness to both regional and global financial markets, promoting the exchange of expertise, and enhancing market liquidity through the influx of Arab and foreign investments.
Operational Framework and Efficiency
Sara Al Tarawneh, Chief Executive Officer of the Securities Depository Center, confirmed that the agreement allows for seamless trading between the two markets within a fully integrated legal and regulatory framework. This ensures that settlement, clearing, and pre- and post-trade services are executed with high accuracy and reliability.
During the ceremony, a presentation on the “Tabadul” platform was conducted, detailing its operational mechanics. The event culminated in the ringing of the opening bell, symbolizing the official commencement of the electronic link between the Amman Stock Exchange and the ADX. This momentous occasion also marked the execution of the first transaction between the two exchanges.
Commemorating the Partnership
To commemorate the event, participants exchanged shields and posed for group photos, reinforcing the strong bilateral relations and strategic partnership between Jordan and the UAE across various economic, financial, and investment sectors.
Launched by the ADX in 2022, the “Tabadul” platform is designed to enhance interconnectivity among member markets, facilitating mutual access for brokerage firms. This initiative enables investors to capitalize on available opportunities and trade across member markets efficiently within an integrated regulatory framework. Member exchanges include the Muscat Stock Exchange, Bahrain Bourse, Astana International Exchange, Kazakhstan Stock Exchange, and Armenia Securities Exchange, alongside the Amman Stock Exchange and ADX.
On December 11, 2024, the Amman Stock Exchange and the Securities Depository Center formalized their commitment to the “Tabadul” platform by signing an electronic linking agreement with the ADX. This agreement aims to bolster cooperation, enhance financial market development, and expand investment opportunities for investors in both countries.
About Abu Dhabi Securities Exchange
The Abu Dhabi Securities Exchange (ADX) was established on November 15, 2000, under Local Law No. (3) of 2000, which granted it independent financial and administrative status. The ADX transitioned from a public entity to a Public Joint Stock Company (PJSC) on March 17, 2020, in accordance with Law No. (8) of 2020.
The ADX Group comprises the exchange and its post-trade ecosystem, including wholly owned subsidiaries AD Depository and AD Clear. This integrated structure supports efficient, transparent, and resilient capital markets across trading, clearing, settlement, and custody.
The ADX serves as a regulated marketplace for trading securities, including equities from public joint-stock companies, government and corporate bonds, exchange-traded funds (ETFs), and other financial instruments approved by the UAE Capital Market Authority. It stands as the second-largest exchange in the Arab region by market capitalization, aligning its strategy with the UAE’s national development agenda, “Towards the Next 50,” which aims to foster a sustainable and diversified economy.
Source: www.zawya.com
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Published on 2026-06-01 21:45:00 • By the Editorial Desk
