Online broker eToro has added stocks listed on the Abu Dhabi Securities Exchange (ADX) to its platform.
The launch follows an agreement signed last year between ADX and eToro, aimed at broadening investor access to the UAE’s stock market.
eToro’s global community can now invest in over 30 companies listed on the ADX, gaining exposure to a diverse range of sectors, including energy, real estate, banking, finance, technology, and healthcare.
“We are excited to enable our global users to diversify their portfolios with access to leading companies in the UAE, while also empowering local investors to invest in businesses they know and trust. The first batch of stocks we are adding to our platform represents approximately $713 billion in market cap, covering nearly 88% of the exchange’s total market cap of $818 billion,” explained George Naddaf, Managing Director MENA, eToro. “We look forward to working closely with ADX to drive retail participation and educate investors on the opportunities within the ever growing UAE market.”
Abdulla Salem Alnuaimi, Group Chief Executive Officer of ADX, added:
“We are thrilled that more than 30 of ADX listed companies are included on the eToro platform and millions of investors around the globe now have seamless access to leading ADX-listed companies. Our partnership with eToro is an extension of ADX’s ongoing efforts to enhance market accessibility and widen investors’ participation in Abu Dhabi’s capital market. The selected list of ADX companies, representing 88% of the exchange’s market capitalization, spans across diverse key sectors including energy, finance, technology, healthcare, and real estate.
ADX will continue to collaborate with like-minded partners and introduce innovative initiatives to boost its market liquidity and uphold Abu Dhabi’s role as one of the premier global financial centres and investment hubs. We look forward to furthering our partnership with eToro to strengthen investors’ understanding of and participation in ADX”.
ADX is positioned as one of the top 20 global exchanges and the second-largest exchange in the Middle East region.
