Partnership between the Kazakh Stock Exchange, Kazakhstan Clearing House, and “Abu Dhabi Securities” to join the “Tabadul” platform

Abu Dhabi (Etihad)
The Kazakh Stock Exchange and the Kazakhstan Clearing House announced today that they are officially merging with the digital platform “Tabadul” established by the Abu Dhabi Securities Exchange. Thus, the Kazakh Stock Exchange will become the sixth member of the platform. In addition, joining the Kazakh Stock Exchange to an exchange platform will simplify trading methods and expand investment opportunities by providing securities listed on both markets for cross-trading.
The Abu Dhabi Securities Exchange launched the “Tabadul” platform in July 2022, as the first digital exchange center in the region based on a mechanism of mutual access to markets. The platform provides a digital exchange network for trading between member stock exchanges at regional and global levels, and aims to increase cooperation and increase liquidity in the participating markets. The platform also saw the registration of more than a million investors who have the ability to trade in securities in various sectors such as banking, financial services, energy and communications.
Alina Aldambergen, Chairman of the Board of Directors of the Kazakh Stock Exchange, said: “The accession of the Kazakh Stock Exchange to the “Tabadul” platform contributes to the expansion of investment opportunities for participants in the Kazakh financial market, and helps to increase liquidity and the number of foreign individual and institutional investors in the Kazakh stock market, as well as the access of Kazakh investors to the ability to trade foreign securities on the stock exchanges under the shadow of the high- “Tabadul” platform, including the Abu Dhabi Stock Exchange, the Bahrain Stock Exchange, the Muscat Stock Exchange, the Astana International Stock Exchange and many other international stock exchanges that are preparing to enter to the platform and settle financial transactions from Accepted by stock exchange members through the Kazakhstan Clearing Center using the Kazakh tenge.
The merger with Tabadul is expected to be completed by the end of this year, after Kazakh brokerage firms Freedom Finance Global and Halik Finance got on the platform, along with another group of local brokers.
For his part, Abdullah Salem Al Nuaimi, CEO of the Abu Dhabi Securities Exchange Group, said: “We are pleased to welcome the Kazakh Stock Exchange as the newest member of the Tadabul platform of the Abu Dhabi Securities Exchange, which is set to attract more investments to Abu Dhabi and expanding connectivity to global markets.” By joining the Kazakh Stock Exchange, investors can access multi-asset investment opportunities and benefit from market efficiency not only in Kazakhstan and the UAE. , but they can also benefit from the growing markets that include Oman, Bahrain and Tajikistan, thus increasing liquidity and increasing market efficiency “Success with the Kazakh Stock Exchange and together we will develop exchange platform to be an efficient center for unlimited trade.”
The “Tabadul” platform represents a step towards a sustainable future economy within and outside the region, and provides a wide range of direct trading opportunities to investors in all markets involved. The platform will also be available to investors registered with certified local brokers, as long as the requirements and conditions specified by the member exchange are met.