Abu Dhabi: Abu Dhabi Securities Exchange (ADX) has announced that the Armenia Stock Exchange (AMX) has officially commenced operations on the Tabadul platform, marking it as the sixth market to join this pioneering mutual market access platform in the region.
According to Emirates News Agency, Tabadul was launched by ADX in July 2022, serving as the region's first digital exchange operating on a mutual market access model. The platform creates a digital network of exchanges, enabling investors to trade securities on international markets with remote access for brokerage firms partnering with these exchanges. This innovative setup allows investors to access shares of companies across sectors such as banking, finance, energy, and telecommunications.
The first transaction through Tabadul involving market participants from Armenia-Converse Bank and MetaX Investment Company-and Abu Dhabi's Al Ramz Capital was successfully executed on May 30th. This development grants Armenian investors direct access to securities listed on ADX, enabling two-way trading and strengthening strategic ties between the two markets.
The inclusion of AMX follows the launch of the Kazakhstan Stock Exchange (KASE) on Tabadul in February 2025, further building momentum from a recently signed agreement with the Iraqi Stock Exchange (ISX), which will be integrated into the platform in the near future. Currently, nine stock exchanges have signed agreements with Tabadul, with six already operational.
On this occasion, Abdulla Salem Alnuaimi, Group Chief Executive Officer of ADX, expressed pleasure in welcoming AMX to the Tabadul platform. He emphasized that this expansion reflects ADX's commitment to enhancing capital market connectivity, regional liquidity, and supporting the UAE's vision for economic diversification and sustainable development. Tabadul offers access to over 490 listed companies and a combined investor base exceeding 7.6 million. In 2024, the trading value on Tabadul surged to approximately USD 200 million, representing a 317% year-on-year increase.
Tabadul facilitates seamless cross-exchange trading with settlement in local currencies, eliminating the need for dual listings or custodianship. Currently, the platform connects financial markets in Abu Dhabi, Bahrain, Muscat, Astana, Kazakhstan, and now Armenia.
The onboarding of AMX onto the Tabadul platform underscores ADX's ongoing efforts to deepen regional capital market integration and foster stronger financial cooperation. By enabling mutual market access, ADX is expanding investment opportunities, supporting innovation, and reinforcing Abu Dhabi's position as a dynamic and globally connected financial hub. This step reflects ADX's continued commitment to enhancing market liquidity, attracting foreign capital, and advancing the UAE's broader vision for economic diversification and sustainable development.