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Tadawul and Abu Dhabi Securities Exchange sign a Cooperation Agreement
Nov 21, 2013
The Saudi Stock Exchange (Tadawul) and the Abu Dhabi Securities Exchange (ADX) have entered into a Memorandum of Understanding (MoU) on November 21st 2013. This MoU will serve to augment the already robust bilateral relationship between the two exchanges.

According to the MoU signed by Mr. Adel Saleh Al-Ghamdi, the CEO of the Saudi Stock Exchange, and Mr. Rashed Abdulkarim Al-Baloushi, the CEO of the Abu Dhabi Securities Exchange, the two parties have formally agreed to enhance information and knowledge sharing with the aim of furthering communication, mutual understanding and cooperation.

Amongst the various terms of the MoU, it was agreed to institute an exchange program for employees of both bourses, and explore opportunities for technology and market data sharing, cross-listings, as well as collaboration on market development initiatives.The signing ceremony was held at Tadawul’s headquarters in Riyadh 

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