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Kazakhstan Stock Exchange and KACC ink deal with ADX to join Tabadul Hub

Tabadul, launched by Abu Dhabi Securities Exchange (ADX) in 2022, is a digital platform connecting multiple exchanges for cross-border trading

by Staff Writer
ADX
The exchange has notified all relevant parties, including the SCA, listed companies, ADX departments, accredited brokers, and investors, about the implementation of this blackout period.

Kazakhstan Stock Exchange (KASE) and KASE Clearing Centre (KACC) announced joining the Tabadul Digital Exchange Hub, making it the sixth member.

Tabadul, launched by the Abu Dhabi Securities Exchange (ADX) in 2022, is a digital platform connecting multiple exchanges for cross-border trading.

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The collaboration aims to enable cross-border trading between the exchanges and expand investment opportunities.

Tabadul claims over a million registered investors and offers access to various sectors.

“Connecting Kazakhstan Stock Exchange to the Tabadul Hub expands investment opportunities for participants in the Kazakh financial market,” said Alina Aldambergen, Chairman of the KASE Management Board.

“Providing access to Tabadul will help to increase liquidity and increase the number of foreign investors, both private and institutional ones in the Kazakh stock market,” Aldambergen said.

The move will enable Kazakh investors to have access to trading foreign securities on exchanges connected to the Tabadul Hub, including the ADX, Bahrain Bourse (BHB), Muscat Stock Exchange (MSX), and Astana International Exchange (AIX).

Several more international exchanges are currently said to be in the process of joining the Hub.

Aldambergen said transactions made by members of the Exchange will be settled through KASE Clearing Centre in Kazakh tenge.

The technical connection to Tabadul is expected to be completed by the end of the year.

There are two Kazakhstan brokerage companies, Freedom Finance Global and Halyk Finance, that already have access to Tabadul Hub and several other local brokers are in the process of connecting to it.

“We are excited to welcome KASE to the Tabadul Hub. This collaboration aligns with ADX’s goal of attracting more investment to Abu Dhabi and expanding global market connectivity,” said Abdulla Salem Alnuaimi, Group CEO of ADX.

“With KASE on board, investors can access the multi-asset investment opportunities and benefit from market efficiencies not only in both Kazakhstan and the UAE, but they can tap onto growth markets including Oman, Bahrain, Tajikistan and more driving liquidity and market efficiency,” he said.

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