Muscat Stock Exchange formally joins Tabadul platform

Muscat Stock Exchange (MSX) has formally acceded to the Tabadul platform, the region’s first digital exchange hub, established on the mutual market access model that provides a trading network between stock exchanges regionally.

As a result, MSX’S listed securities, along with those of ADX and BHB, are now available for digital trading, further enhancing liquidity and facilitating trading mechanisms for investors.

The announcement came during a bell ringing ceremony, organised by the Abu Dhabi Securities Exchange at its headquarters, to officially welcome MSX to Tabadul, in the presence of Haitham Salim al Salmi, CEO of Muscat Stock Exchange, Saeed Hamad al Dhaheri, ADX’S Managing Director and CEO, Shaikh Khalifa bin Ebrahim al Khalifa, CEO of Bahrain Bourse, and Dr Maryam Buti al Suwaidi,

CEO of the UAE Securities and Commodities Authority (SCA).

Haitham Salim al Salmi, CEO of Muscat Stock Exchange, said: “Muscat Stock Exchange’s accession to the Tabadul platform is a major step in our ambitious strategy to contribute to the market liquidity and provide varied options for investors.

The accession to Tabadul platform will also be reflected in the enhanced level of cooperation between the Muscat Stock Exchange (MSX), the Abu Dhabi Securities Exchange (ADX) and the Bahrain Bourse, which will strengthening partnerships and drive to sustainable growth.”

Saeed Hamad al Dhaheri, Managing Director and Chief Executive Officer of ADX said: “We are pleased that the Muscat Stock Exchange has joined the Tabadul platform. This move, in line with Abu Dhabi’s economic diversification ambitions, will contribute to sustainable growth in financial markets by expanding the investor base and meeting their investment ambitions.