Dubai: Abu Dhabi Securities Market (ADX) and Abu Dhabi Global Market (ADGM) have entered into an agreement to foster bilateral cooperation.
The agreement supports ADX’s commitment to the growth of the financial services sector in the Emirate of Abu Dhabi and the development of a sustainable financial environment under the auspices of Abu Dhabi Vision 2030. The MoU establishes a framework that strengthens the bilateral cooperation between ADX and ADGM. It reinforces ADX’s ongoing efforts to collaborate with financial centres in the region and globally.
The Memorandum of Understanding was signed at ADGM Office by Hamad Abdullah Al Shamsi, Chairman of ADX, and Ahmed Al Sayegh, Chairman of ADGM.
With the MoU, ADX and ADGM can jointly explore and develop financial products and services that will further boost the economic growth and investment sector of Abu Dhabi. Both entities will set up a working group to develop strategic objectives and cooperation initiatives. The MoU will also enable both organisations to work on key areas such as provision and exchange of expertise, financial markets assistance and cooperation, training and others.
