ADX signs cooperation deal with Shanghai Exchange

WIDENING SCOPE: ADX serves the domestic cash equity market and has 65 listed companies.(Getty Images)

Abu Dhabi Securities Exchange said on Sunday it signed an agreement with the Shanghai Stock Exchange, seeking to attract Chinese companies to list in Abu Dhabi.

The agreement will also see the two bourses work together in terms of information sharing and product development, a statement from ADX said.

"Shanghai is a large and well established stock exchange", said Tom Healy, CEO of ADX. "Abu Dhabi has the potential to benefit hugely from their experience and we hope this MoU will help our exchanges develop close working relationships.

"In particular, we hope that Shanghai-listed companies will see the benefits of a dual listing on ADX," he said.

ADX serves the domestic cash equity market and has 65 listed companies.

ADX has signed similar agreements with exchanges in Tokyo, Taiwan and Karachi. (Reuters)

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