The Abu Dhabi Securities Exchange (ADX) has announced that the Armenia Stock Exchange (AMX) has officially gone live on the Tabadul platform, marking a significant milestone in regional financial integration.
AMX becomes the sixth exchange to join Tabadul, the Middle East’s first mutual market access platform, launched by ADX in July 2022.
Tabadul is a pioneering digital trading platform that connects regional and international stock markets, allowing cross-border investment through remote access provided by partnered brokerage firms.
By removing traditional barriers such as dual listings and custodianship, the platform enables seamless trading and settlement in local currencies.
The first transaction between Armenian and Emirati market participants was successfully executed on May 30, involving Converse Bank and MetaX Investment Company from Armenia and Al Ramz Capital from Abu Dhabi.

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With this development, Armenian investors now have direct access to securities listed on ADX, facilitating two-way trading and fostering deeper financial ties between the two markets.
The onboarding of AMX follows the February 2025 integration of the Kazakhstan Stock Exchange (KASE) and builds on a recently signed agreement with the Iraqi Stock Exchange (ISX), which is set to join Tabadul soon.
In total, nine exchanges have signed agreements with the platform, with six now operational: Abu Dhabi, Bahrain, Muscat, Astana, Kazakhstan, and Armenia.
Abdulla Salem Alnuaimi, Group CEO of ADX, said: “We are pleased to welcome the Armenia Stock Exchange to the Tabadul platform. This expansion reflects our commitment to fostering capital market connectivity, enhancing regional liquidity, and supporting the UAE’s vision for economic diversification and sustainable development.”
“Tabadul offers access to over 490 listed companies and a combined investor base of more than 7.6 million. In 2024, trading value on Tabadul surged to approximately $200 million, a 317 percent year-on-year increase,” he added.

Tabadul provides access to a wide array of investment opportunities across key sectors such as banking, finance, energy, and telecommunications.
The platform supports the UAE’s broader goals of economic diversification, enhanced market liquidity, and the attraction of foreign capital.
By enabling real-time cross-border trading and fostering closer cooperation among participating markets, ADX is paving the way for a more integrated and innovative regional financial ecosystem.
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