Abu Dhabi Securities Exchange and the Luxembourg Stock Exchange sign Memorandum of Understanding

Press release

Published June 9th, 2023 - 09:36 GMT

Abu Dhabi Securities Exchange and the Luxembourg Stock Exchange sign Memorandum of Understanding

ADX and Luxembourg Stock Exchange MoU Signing Ceremony

The Abu Dhabi Securities Exchange (ADX) and the Luxembourg Stock Exchange (LuxSE) announced today the signing of a Memorandum of Understanding (MoU) between the two parties.

The purpose of the MoU is to establish a framework of cooperation between the two institutions to facilitate the dual listing of a broad range of financial instruments, maximise access to European, Middle Eastern and international investors for the parties’ respective issuers, expand pre- and post-listing services, provide access to training programmes to foster awareness around sustainable debt products, and leverage ESG data to enhance issuer and investor engagement both in the Middle East and Europe.

Abdulla Salem Alnuaimi, Chief Executive Officer of ADX, said: “Forming partnerships and building relationships with exchanges is a key tenet of ADX’s growth. Through this MoU, we are forging deeper ties with LuxSE and demonstrating our ongoing commitment to collaboration, supporting sustainable finance, sharing global best practice, encouraging bilateral investments, and broadening both exchanges investors’ base of bond and sukuk issuers in ADX. We will continue to leverage its diversified product offering, active equity capital markets and extensive network to enhance liquidity and activity on our growing exchange.”

“We are delighted to formalise our cooperation with the Abu Dhabi Securities Exchange through this Memorandum of Understanding. Cross-regional collaboration plays a pivotal role in creating interconnected and more sustainable capital markets, and we look forward to working with our counterparts in the United Arab Emirates to create new opportunities for growth, innovation, and sustainable economic development in the region,” commented Julie Becker, CEO of LuxSE.

As the world’s leading exchange for the listing of international debt securities, LuxSE has a strong focus on international cooperation and sustainable finance, working closely with selected exchanges around the world to create more connected capital markets and facilitate access to the international investment community for issuers across the world.

Background Information

Abu Dhabi Securities Exchange

Abu Dhabi Securities Exchange (ADX) was established on 15th of November 2000 by Local Law No. (3) of 2000, the provisions of which vests the Market with a legal entity of autonomous status, independent finance and management, and gives ADX the necessary supervisory and executive powers to exercise its functions.

Moreover, ADX has the authority to establish centers and branches outside the Emirate of Abu Dhabi, and so far it has done so in Al Ain, Zayed City, Fujairah, Ras Al Khaimah and Sharjah.

ADX's board of directors is comprised of seven members nominated by Amiri Decree. The members of the board hold office for a term of three years. The first board of directors was constituted by Amiri Decree No. (8) of 2000.