Emirates NBD Securities, the leading financial brokerage company in the United Arab Emirates, announced that it has entered into a partnership with the Abu Dhabi Stock Exchange that allows investors direct access to the shares listed in the market, as they can now open an instant trading account and obtain an investor number in the two stock markets in the Emirates Through the company's digital platform.
According to a bank statement, Namazon received its copy today, Tuesday. The partnership will allow more than one million Emirates NBD customers to start spot trading on the Abu Dhabi Stock Exchange, which will meet the growing demand for investment in companies listed on the Abu Dhabi Stock Exchange.
This step will enable investors to start trading in three simple steps, through which they will obtain a national investor number, a trading account and an investor account instantly, saving them the hassle of printing, signing, scanning and emailing documents.
This initiative supports the Abu Dhabi Securities Exchange's strategy to harness digital solutions with the aim of expanding the investor base and enhancing market liquidity. The value of trading on the Abu Dhabi Securities Exchange reached 450 billion dirhams in 2022, an increase of approximately 21.9% compared to 2021, supported by a series of successful major listings and increased participation of international investors. Meanwhile, the Vadax 15 benchmark rose by 22.6% in 2022, making it the best-performing stock index in the Arab region.
On this occasion, Ahmed Al Qassim, Head of Corporate and Institutional Banking for Emirates NBD Group, said: We at Emirates NBD Securities are pleased to cooperate with the Abu Dhabi Securities Exchange to enable investors to have easy and immediate access to the shares of companies listed on the market.
Al-Qasim added: Our integrated digital platform now provides investors with the opportunity to trade instantly in two of the three largest financial markets in the region in terms of market capitalization. Through this partnership, our advanced digital platform, the availability of participation in IPOs, and the provision of an investor number, Emirates NBD is the only bank in the region that provides investors with a comprehensive package to easily trade in the largest financial markets in the United Arab Emirates. We are confident that our efforts will help increase the flow of capital to regional markets, enhance market liquidity, and consolidate the country's position as a leading financial and technological center in the region.
For his part, Saeed Hamad Al Dhaheri, Managing Director and CEO of the Abu Dhabi Securities Exchange, said: We are pleased to cooperate with Emirates NBD Securities to facilitate investors' access to the Abu Dhabi Securities Market, which is considered one of the fastest growing and best performing financial markets in the world. Our collaboration with the right partners enables investors to seize the unique growth opportunities offered by listed companies. It is also a major part of our strategy to build a leading and dynamic financial market. We will continue to encourage more listings and enhance our range of products and services.
It is noteworthy that Emirates NBD Securities recently launched a comprehensive digital platform that allows customers to open a new investor account and access advanced trading platforms and applications. Investors can also increase their returns through Thara'a, an innovative loyalty program from Emirates NBD that gives rewards with every transaction executed.
As members of the Emirates NBD Group, Emirates NBD Securities clients enjoy additional benefits such as the ability to manage their trade returns in real time through their personal Emirates NBD bank account, a multi-purpose settlement account with an Emirates Bank debit card. NBD, and they can also invest in Shariah-compliant shares through the Murabaha financing platform to invest in the shares of the bank.
