The Abu Dhabi Securities Exchange (ADX) Group and Borsa Italiana, part of Euronext, have signed a letter of intent (LoI) during the Abu Dhabi Investment Forum in Milan.
This move marks an important step toward establishing a new investment corridor between the UAE and Europe.
The LoI outlines a framework for exploring opportunities for dual listings between the ADX and Euronext markets, with a strong focus on post-trading interoperability and central securities depository (CSD-to-CSD) connectivity.
The collaboration aims to enable issuers to benefit from access to broader liquidity pools and more diversified investor bases, while ensuring that cross-border settlement, asset servicing, and share transfers between the AD CSD and Euronext CSD Milan are handled efficiently and in full compliance with applicable regulatory requirements. It will also explore avenues to enhance cross-border market access through Tabadul, the MENA region’s first mutual market-access platform.
Abdulla Salem Alnuaimi Group CEO – ADX
“The letter of intent reflects a shared strategic ambition to strengthen long-term capital market connectivity between the UAE and Europe, including the exploration of new listing pathways for issuers. It aligns with our broader vision to position Abu Dhabi as a globally connected financial center and to support deeper, more diversified investment opportunities for investors, while shaping ADX’s role in the evolution of modern capital markets.”
The LoI builds on ADX’s strategic approach to developing international market linkages through structured cooperation with leading global exchanges.
In 2023, ADX signed an MoU with the New York Stock Exchange (NYSE), which laid the foundation for enabling US-registered exchange-traded funds (ETFs) to cross-list on ADX, expanding international product access for regional and global investors.
These initiatives reflect the Abu Dhabi Securities Exchange’s focus on regulatory coordination, operational readiness, and robust post-trade infrastructure as the basis for effective cross-border market connectivity, as per the statement.
