Jordan and UAE Strengthen Financial Ties with Launch of Tabadul Platform Linking Amman and Abu Dhabi Stock Exchanges
Amman: In a significant development for regional financial markets, Jordan’s capital market institutions, in collaboration with the Abu Dhabi Securities Exchange, officially launched the electronic link between the two markets via the “Tabadul” platform. The launch ceremony took place at the InterContinental Hotel in Amman, marking a pivotal moment in enhancing economic cooperation between the Hashemite Kingdom of Jordan and the United Arab Emirates.
Key Attendees and Ceremony Highlights
The event was attended by prominent figures including Ghannam Al Mazrouei, Chairman of Abu Dhabi Securities Exchange; Abdullah Salem Al Nuaimi, Group Chief Executive Officer of Abu Dhabi Securities Exchange; Emad Abu Haltem, Chairman of the Board of Commissioners of the Jordan Securities Commission; Mazen Al Wathaifi, Chief Executive Officer of the Amman Stock Exchange; and Sara Al Tarawneh, Chief Executive Officer of the Securities Depository Centre. The gathering also included executives from Jordanian banks, brokerage firms, representatives of capital market institutions, and members of the media.
Strengthening Regional Cooperation
The activation of the electronic link is part of broader efforts to enhance cooperation between Jordan and the UAE, aimed at developing regional financial markets and increasing integration. This initiative is expected to broaden the investor base and facilitate access to financial markets through cross-market trading between the two exchanges via brokerage firms.
Emad Abu Haltem emphasized that the electronic link represents a strategic step toward strengthening 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 enhanced liquidity and improved market efficiency.
Enhanced Market Access
Abdullah Salem Al Nuaimi remarked that the “Tabadul” platform serves as an advanced model of financial market integration. It facilitates access for investors and brokerage firms to member markets within a secure trading environment, thereby increasing the attractiveness of the region’s financial markets.
Mazen Al Wathaifi highlighted that the electronic link aligns with the strategic partnership between Jordan and the UAE, promoting mutual economic interests. He noted that this initiative supports the exchange’s objectives by enhancing openness to regional and global financial markets and facilitating the flow of investments.
Sara Al Tarawneh reiterated that the agreement allows investors to trade seamlessly between the two markets within a fully integrated legal and regulatory framework. This ensures that settlement, clearing, and pre- and post-trade services are conducted with high accuracy and reliability.
Launch Ceremony and First Transaction
The launch ceremony included a presentation on the “Tabadul” platform and its operational framework. The opening bell was rung to signify the official commencement of the electronic link between the Amman Stock Exchange and Abu Dhabi Securities Exchange, marking a milestone in cooperation and integration. During the event, the first transaction between the two exchanges was successfully executed.
At the conclusion of the ceremony, commemorative shields were exchanged, and group photos were taken to commemorate the occasion, reaffirming the strong relations and strategic partnership between Jordan and the UAE across various economic and financial sectors.
Overview of the Tabadul Platform
Launched by Abu Dhabi Securities Exchange in 2022, the “Tabadul” platform aims to provide interconnectivity among member markets and facilitate mutual access for brokerage firms. This initiative enables investors to capitalize on available investment opportunities and trade across member markets efficiently within an integrated regulatory framework. Current members include the Muscat Stock Exchange, Bahrain Bourse, Astana International Exchange, Kazakhstan Stock Exchange, and Armenia Securities Exchange, in addition to the Amman Stock Exchange and Abu Dhabi Securities Exchange.
On December 11, 2024, the Amman Stock Exchange and the Securities Depository Center signed an electronic linking agreement with Abu Dhabi Securities Exchange to join the “Tabadul” platform. This collaboration aims to strengthen joint cooperation, enhance financial market efficiency, and expand investment opportunities for investors in both countries.
As reported by www.emirates247.com.
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Published on 2026-06-01 22:07:00 • By FAME Delivered News Desk