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ADX, Bahrain Bourse partner to unlock joint opportunities

The Abu Dhabi Securities Exchange reports the execution of 10 significant deals with a total value of over $4.24 billion.
  • As part of the agreement, ADX and BHB have agreed to introduce a number of products and services including Exchange Traded Funds (ETFs)
  • As part of ADX’s strategy for growth announced at the beginning of the year, the exchange is forging partnerships with global exchanges

Abu Dhabi Securities Exchange (ADX) and Bahrain Bourse (BHB) signed Wednesday a strategic cooperation agreement that aims to achieve synergies and greater cross border cooperation to enhance market liquidity and to promote low-cost investment vehicles.

The parties agreed on a strategic plan to implement new measures over the next nine months to strengthen ties between investors based in both countries by enabling the seamless placement of orders on both securities markets, while reducing transaction costs. 

As part of the agreement, ADX and BHB have agreed to introduce a number of products and services including Exchange Traded Funds (ETFs), smart order routing and cross-border direct trading.

“The alliance between ADX and Bahrain Bourse will further enhance the relationship between the UAE and Bahrain, showcasing the high growth opportunities on both exchanges and encouraging capital market activity through the introduction of innovative products and services,” Mohammed Ali Al Shorafa Al Hammadi, ADX Chairman said. “In turn, this will provide tangible benefits to the economies of the UAE and the Kingdom of Bahrain.”

Abdulkarim Ahmed Bucheery, Chairman of Bahrain Bourse and Chairman of Bahrain Clear, said that Bahrain Bourse is pleased to solidify its cooperation ties with ADX. 

“Companies listed on Bahrain Bourse represent a diverse range of industries and offer unparalleled and unique growth opportunities,” Bucheery said. “Our partnership with ADX will attract new investors and promote a healthy listing deal pipeline. Bahrain Bourse and Bahrain Clear’s collaboration with ADX will also support the growth of capital markets in the region and support the diversification of GCC economies.”

As part of ADX’s strategy for growth announced at the beginning of the year, the exchange is forging partnerships with global exchanges, offering a broader range of products and services to the market, and investing in state-of-the-art infrastructure.