Kazakhstan Bourse Joins ADX’s Tabadul Platform

Expanding the global presence of Abu Dhabi Securities Exchange (ADX), the Kazakhstan Stock Exchange (KASE) has joined the ‘Tabadul’ platform thus becoming the sixth financial market to join the platform.

KASE and its clearing centre signed an agreement with ADX) in August last year to join Tabadul, the digital exchange hub, which was launched in July 2022, as the first digital platform in the region based on the mutual access model between markets.

The platform provides a digital network that connects participating financial markets, allowing investors to trade in member markets through remote access to brokerage firms cooperating with these markets. The platform enables investors to access shares of companies operating in the banking, finance, energy, and telecommunications sectors.

The partnership between the two bourses has opened new horizons for trading between the two financial markets and strengthens the strategic partnership between them. This will also contribute to the KASE’s to improve trading operations and expanding investment opportunities for market participants, by providing access to more than 490 securities listed for mutual trading without fees.

Eight Markets Join Tabadul

Four new financial markets joined the platform in 2024, which connects eight exchanges, giving ADX investors access to 490 listed companies and a network of over 7.6 million investors.

The combined market capitalisation of companies connected to the platform is around $1 trillion, making Tabadul a key driver of cross-border investment opportunities. Trading volumes on the platform reached around $200 million in 2024, up 317% y-o-y attracting foreign investors.

Tabadul represents an important step towards building a sustainable economy in the region and beyond, offering investors a wide range of trading opportunities across all member exchanges. The platform is available to all investors registered with local brokers who meet the requirements of the exchanges. Brokers also gain access to IPOs on all participating exchanges.

Alina Aldambergen, Chairwoman of the Board of Directors of KASE, said that joining Tabadul platform will expand investment opportunities for the listed companies in Kazakhstan financial market.

She said that operating in Tabadul Hub will increase liquidity and attract more foreign investors, both private and institutional, to Kazakhstan. Kazakh investors can now trade foreign securities on exchanges connected to Tabadul Hub, including Abu Dhabi Securities Exchange (ADX), Bahrain Bourse (BHB) and Muscat Securities Market (MSM).

The connectivity with other international exchanges is ongoing. Now it is possible to settle transactions through KACC in Kazakhstan’s currency tenge,” she added.

New Milestone

ADX Group CEO Abdulla Salem Al Nuaimi said that KASE joining Tabadul platform marks a milestone in expanding cross-border investment opportunities. Even ADX investors gain wider access to international markets at no additional cost.

“This reflects our commitment to supporting innovation and building strategic partnerships aimed at creating a globally connected financial ecosystem. The significant growth in trading volumes on the Tabadul platform in 2024 confirms the success of these efforts,” he added.