The Abu Dhabi Securities Exchange (ADX) onboarded on Thursday Thndr as the first remote retail trading member. Thndr, a Hub71 start-up, is one of MENA’s first fully digital investment platforms.
Regulated by ADGM’s Financial Services Regulatory Authority (FSRA), Thndr is set to make its mark in the UAE following its strong track record in the region.
“ADX onboarding Thndr is a transformative step in creating tangible trading bridges across the region’s capital market. As the first exchange in the GCC to welcome Thndr, we are demonstrating our commitment to financial inclusion and our leadership in unlocking new investment opportunities in Abu Dhabi’s robust capital market,” said Abdulla Salem Alnuaimi, group CEO of the ADX.
Thndr users to gain access to ADX-listed securities
In 2024 alone, Thndr recorded over $13 billion in trading value and executed 12 million trades. With more than 4 million downloads, access to three markets – the UAE, Egypt and the U.S. – and a wide range of asset classes, including stocks, gold, mutual funds and savings products, Thndr is building a true investment one-stop shop.
Thndr users will soon be able to invest directly in some of the most valuable listed companies and exchange-traded funds (ETFs) in the UAE through its mobile investment platform, demonstrating the ADX’s commitment to connecting Abu Dhabi to global capital. This landmark announcement was made today during a special event at the ADX’s headquarters in Abu Dhabi.
Remote Trading Members allow more individuals, international brokers and institutions to buy and sell ADX-listed securities, in line with many international practices, without the need for physical presence in the UAE, thereby growing and diversifying the investor base, attracting foreign investment, improving liquidity and driving more trading activity.
Read: GCC markets attract $1.5 billion net foreign inflows in July, Dubai sees stronger momentum
Thndr to support ADX’s Tabadul platform
Launched in Egypt in 2020, Thndr has transformed investing in the region by leveraging technology to provide a modern and seamless investment solution to help users grow their wealth through an array of products.
“This partnership gives our users the chance to invest in one of the region’s strongest-performing markets over the past 5, 10, and 15 years, while also opening doors to exposure within MENA through Tabadul as well as beyond MENA,” said Ahmad Hammouda, co-founder and CEO of Thndr.
The onboarding of Thndr supports ADX’s key initiatives, such as the Tabadul platform, the first digital exchange center in the region that is based on the mutual market access model and complements strategic partnerships with global exchanges by fostering innovation, enabling knowledge transfer and advancing cross-border collaboration.
“This launch is a major milestone for Thndr and a testament to an incredible partnership. The entire Thndr team worked as a united front with ADX, FSRA, Hub71, ENBD, and E& to clear major hurdles and ultimately make it simple for local and foreign individuals to participate in the UAE’s impressive growth story. This collaboration truly showcases why the UAE, with ADGM at the forefront, is a beacon of progress for the region,” added Seif Amr, Thndr’s co-founder and board member.
With a market capitalization of AED3.1 trillion, the ADX reflects Abu Dhabi’s role as a dynamic global investment hub. The ADX has been the best-performing market in the GCC region, outperforming the MSCI Emerging Markets Index over the past decade and global indices over the past 20 years.
