AIX opens access to the UAE stocks
The Astana International Exchange (AIX) has joined the Tabadul hub for interbourse trading between AIX and the Abu Dhabi Securities Exchange (ADX) that created the hub. Thanks to these arrangements, Kazakhstani investors will be able to buy stocks from Arab countries and vice versa. Freedom Finance Global has been chosen broker for Tabadul.
ADX launched Tabadul in July 2022 as the first digital service designed to facilitate mutual access to the market in the region. Bahrain Bourse and Muscat Securities Market from Oman have already cooperated with the digital hub, while BHM Capital from Dubai has become a trading member of AIX.
According to Head of Freedom Finance Global PLC Sergey Lukyanov, the move opens new opportunities for investors:
«This important arrangement is the result of bilateral cooperation between our states that has been developing for years. As a broker, our company is proud that we can offer a wide range of opportunities for direct trade at the biggest capital markets in the world to investors.»
Head of AIX Assel Mukazhanova said that the intense trade between ADX and AIX will promote broader relations between markets in Kazakhstan and Arab nations of the Persian Gulf. She also highlighted that thanks to Tabadul, Kazakhstani investors will obtain new opportunities for investing in financial instruments.
In turn, CEO of ADX Abdulla Salem Al Nuaimi said that ADX hails AIX as a new member of the digital bourse hub. He believes that AIX joining the hub will benefit investors both in the UAE and Kazakhstan.
AIX was established in 2017 under the jurisdiction of the Astana International Financial Center (AIFC). Among its shareholders are the AIFC, the Shanghai Stock Exchange, the Silk Road Fund and Nasdaq, which also provides a trading platform to AIX. In Q1 of 2024, AIX reported the aggregated volume of trading of $463 million, which was a sevenfold increase over the same period of 2023 ($67 million).
ADX is a market for trading securities, including shares issued by public and private companies, debt instruments, exchange-traded funds, derivatives and any other financial instruments approved by the UAE Securities and Commodities Authority (SCA). ADX is the second biggest market in the Gulf region.
