ADIB Securities, the brokerage subsidiary of Abu Dhabi Islamic Bank (ADIB), can now provide access for GCC investors to trade on the Saudi Stock Exchange (Tadawul).
The launch of this service enables investors, who hold a trading account with ADIB Securities, to diversify their portfolio in sharia’a complaint investment opportunities.
Khaled Kurdieh, general manager of ADIB Securities, said: “At ADIB Securities, our aim has always been to focus on investors looking for a universal sharia compliant trading platform through cutting edge technologies, superb client services and experienced team.”
The Tadawul is the Middle East’s largest bourse, with a market capitalisation of $479bn. It comprises 48 percent of total GCC market capitalisation and 74 percent of value traded.
ADIB has more than AED123bn in assets. Over 67 percent of transactions were carried out on ADIB Securities digital platforms in 2017.For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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