ArmInfo. The Armenian Stock Exchange has officially joined the Tabadul regional digital exchange platform, operating under the Abu Dhabi Securities Exchange. The ceremony of joining the platform took place at the regional capital markets conference ConFEAS 2025, held in Yerevan.
<With this step, Armenia becomes part of an important process of regional capital markets integration, connecting its capital market to a wide network of regional and international investors>, AMX CEO Hayk Yeganyan told an ArmInfo correspondent. He reported that on May 30, the first transaction on the Tabadul was successfully completed (Converse Bank). The Armenian investment company Meta X has also become a member of Tabadul. As Yeganyan noted, the accession of Armenian stock market participants to Tabadul will make the markets mutually accessible. Armenian investors will now have the opportunity to invest in securities available on the Abu Dhabi Stock Exchange. This will expand strategic partnerships with foreign investors, including institutional investors, and open up new areas for cooperation.
It should be noted that Tabadul Hub is an exchange platform based on the mutual market access model. It provides a digital exchange network for trading between market participants - member exchanges at the regional and global levels. Moreover, securities on Tabadul are traded in the local currency of the corresponding exchange, and in some cases - in the specified currency of the traded asset, while there are no minimum amount limits. Currently, several exchanges are registered on Tabadul - Abu Dhabi Securities Exchange (ADX), Bahrain Exchange, Muscat Stock Exchange and Astana International Exchange (AIX). Several other exchanges, including the Armenian AMX, are in the process of becoming members of Tabadul.
According to Yeganyan, Abu Dhabi is trying to become an important regional exchange center, currently ranking 2nd among stock exchanges in Arab countries. To strengthen its position in both the region and the world, ADX has introduced the Tabadul Hub project, which is supposed to provide access to the exchange platforms that have joined the hub. According to Yeganyan, the creation of such a platform is highly beneficial for Armenia, as the members of the exchanges participating in the platform are also major investors such as international banks. This would allow them to have direct access for trading on the currency and debt platforms of the Armenian AMX Exchange. Note that the clearing system for trading with counterparties for Armenian participants is located in Yerevan. The agreements with ADX on joining Tabadul Hub can be considered the first step towards opening Armenian exchange platforms to external investors.