Abu Dhabi Securities Exchange, Mashreq to offer instant trading access to customers

Abu Dhabi Securities Exchange (ADX) has partnered with Mashreq to provide the bank’s customers with instant access to trading on the exchange.

Trading value on the ADX reached Dhs450bn in 2022, an increase of almost 21.9 per cent from 2021, driven by a stream of listings and growing interest from regional and international investors.

The entities signed a memorandum of understanding, and an access and process agreement with Mashreq Securities.

The agreement simplifies and streamlines the digital onboarding process for Mashreq customers, allowing them to instantly obtain a national investor number (NIN).

How it will work

ADX and the bank will work together to introduce a simple process for individuals to obtain a NIN and set up a trading account. Using a secure digital platform, the new process will eliminate the requirement to print, sign and e-mail documents.

Abdulla Salem ALNuaimi, Chief Operations Officer of Abu Dhabi Securities Exchange, said: “ADX is delighted to partner with Mashreq to provide its customers with quick and easy access to the growing number of securities listed on the Exchange. Working with partners to facilitate access to the unique growth opportunities offered on ADX supports our mission to drive opportunity and growth through an innovative, dynamic and transparent marketplace.”

ALNuaimi added: “We have witnessed a robust pipeline of IPOs and listings last year and will continue to introduce more products and services that will further augment our offer to a growing number of investors locally and internationally.”

#ADX partners with @mashreq to provide instant trading access to clients, allowing them to instantly obtain a National Investor Number (NIN)#InAbuDhabi #UAE #Trading #InvestInAbuDhabi #Mashreq

— سوق أبوظبي للأوراق المالية (@ADX_AE) April 11, 2023

Supporting Mashreq customers

Aladdin Al Deesi, EVP and head of Mashreq Gold, said: “We are thrilled to partner with ADX for supporting the growth and accessibility to UAE’s capital markets through our mobile banking proposition that will offer a seamless digital experience to all our customers. Through this strategic collaboration between Mashreq Securities and ADX, customers can generate an investor number (NIN), and open a brokerage account with Mashreq Securities in real time without any paperwork.

“The digital journey will also allow the clients to subscribe digitally to any upcoming initial public offerings (IPOs) with ADX through the our mobile banking app. We are committed to supporting the vision of the UAE to build a strong infrastructure for its capital markets and investors.”

In recent news, the bank said it had financed sustainable and adaptation-linked investments worth $15.5bn since January 2021 as businesses and governments globally are increasingly recognising that environmental, social and governance (ESG) risks and opportunities are fundamental to guarantee long-term success.

Joel Van Dusen, the bank’s group head of corporate and investment banking, said that ESG principles have become a core element of every company’s operations and supply chain. He highlighted that sustainability credentials have moved from a “nice to have” to a crucial element of business strategy.

Read: UAE’s Mashreq finances sustainable investments worth $15.5bn