ADX Group CEO: Tabadul plays a strategic role in our ambition to reshape regional capital mobility

ArmInfo.Converse Bank is the first and currently the only financial institution in Armenia engaged in exchange trading that has joined the Tabadul regional hub through AMX, becoming a full member. During ConFEAS 2025, the Bank also participated in the very first transaction in Armenia executed through the platform.

Mr. Abdulla Salem Al Nuaimi, Group CEO of the Abu Dhabi Securities Exchange (ADX), shared insights on the Tabadul regional hub and its opportunities.

What distinguishes the Tabadul platform from other international trading platforms, and how does it contribute to regional financial integration?

When we launched Tabadul in July 2022, our goal was not just to connect stock exchanges—but to enable real-time, secure, and scalable access to new investment opportunities across borders.

What makes Tabadul distinct is its mutual market access model. Investors can trade securities listed on other exchanges through their local broker, without opening foreign accounts or navigating unfamiliar procedures. It’s a seamless digital infrastructure that removes traditional barriers.

The platform now links nine exchanges—six of which are live—including our newest member, the Armenia Stock Exchange. This enables ADX investors to explore emerging opportunities in Armenia’s growing capital market, while investors gain access to one of the most active and diverse exchanges in the region. The model is designed to deliver value on both sides.

In 2024 alone, Tabadul recorded a 1029% increase from the previous year. It also facilitates cross-border IPO subscriptions offers debt instruments, and carries the region’s most diverse ETF lineup, while also allowing remote market makers.  All this within a unified experience designed to generate long-term benefits for every participating market.

 What are the expectations of the Abu Dhabi Securities Exchange regarding the development of the Tabadul platform and the stimulation of regional investment flows?

Tabadul plays a strategic role in our ambition to reshape regional capital mobility. We’re focused on onboarding more exchanges, expanding the investor base, and introducing new financial instruments as part of our ongoing efforts to diversify the range of products available on Tabadul, ensuring they are tailored to meet the evolving needs of investors.

We’re also enhancing the platform’s user experience to ensure it remains intuitive for both retail and institutional investors.

Beyond the operational benefits, Tabadul supports Abu Dhabi’s broader vision of economic diversification and financial innovation. It positions our markets as globally connected, investor-friendly, and forward-looking.

What are the cooperation opportunities between the stock exchanges of the Tabadul platform member countries, particularly within the Eurasian region?

Tabadul is unlocking new dimensions of collaboration between regional exchanges—particularly in the Eurasian corridor, where capital markets are evolving rapidly.

A recent example is our partnership with the Armenia Stock Exchange. Following an MOU focused on market development and technology exchange, AMX joined Tabadul, enabling the first trade between investors in Armenia and the UAE earlier this year.

This is not just about enabling transactions, it reflects a win-win model. Through Tabadul, Armenian companies gain visibility and access to broader capital, while ADX-listed firms reach new pools of investors. It’s a shared growth story that reinforces the strength of regional collaboration.

We’re seeing increasing interest from other exchanges in Central Asia and beyond, and we believe Tabadul will continue to serve as a catalyst for capital market connectivity and innovation.

What mechanisms are currently in place or planned to facilitate investor transactions across different Eurasian stock exchanges?

Tabadul is designed to replicate the simplicity of local trading across borders. Investors can access listed securities and financial products from other markets via licensed brokers in their home country.

The platform ensures real-time data sharing, harmonized settlement processes, and compliance with shared KYC/AML protocols all integrated to provide a secure and efficient experience. Payments are conducted in local currencies, with currency conversion handled automatically within the system, eliminating the need for manual foreign exchange transactions.

No new accounts are required, and investors remain fully within their domestic broker ecosystem. This level of interoperability has already enabled access between ADX and Eurasian markets, with more to follow as the network continues to expand.

What new financial instruments and services are planned to be introduced within the Tabadul platform in the near future?

Our development roadmap for Tabadul is shaped by evolving investor needs and the vision of a diversified, future-ready marketplace.

We have already introduced ETFs and debt instruments to the platform, and we are actively collaborating with member exchanges to expand the range of investment products available, ensuring they meet the evolving needs of both institutional and retail investors across the region.

Additionally, cross-border IPO access is already active, enabling investors to subscribe to offerings across markets through a single domestic channel. The platform also benefits from the participation of remote market makers, who play a vital role in supporting liquidity across interconnected markets, helping to ensure tighter spreads and smoother trading activity.

In short, Tabadul is a dynamic platform built on regional diversity and designed to scale with the ambitions of the exchanges and investors it serves.