Abu Dhabi: ADIB Securities, the brokerage subsidiary of Abu Dhabi Islamic Bank (ADIB) and a leading brokerage company in the UAE, is now providing access for clients holding GCC nationalities to trade on the Saudi Stock Exchange (Tadawul), the Middle East’s largest bourse. The new offering will enable GCC investors who currently hold a trading account with ADIB Securities to trade on TADAWUL. The launch of this service represents the initial gateway which will enable investors to diversify their portfolio in sharia’a complaint investment opportunities.

Khaled Kurdieh, General Manager of ADIB Securities, said: “We are delighted to expand our range of market-leading brokerage services and provide access for customers looking to trade on Tadawul. It is a proud moment for the entire team who worked hard to develop the opportunity for customers to trade stocks on one of the largest emerging markets bourses. At ADIB Securities, our aim has always been to focus on investors looking for a universal sharia compliant trading platform through cutting edge technologies, superb client services and experienced team.”

With a market capitalization of $479 billion, the Tadawul is the 26th largest stock market among 68 members of the World Federation of Exchanges and comprises 48 percent of total GCC market capitalisation and 74 percent of value traded. The Tadawul is the 10th largest stock market amongst emerging market peers.

Over 67% of transactions were carried out on ADIB Securities digital platforms in 2017. Ranked the number one Islamic brokerage in the UAE, ADIB Securities provides a range of products to accompany the bank’s wealth management offering. The broker provides a best-in-class trading experience, with intuitive trading tools, expert insight, and competitive rates using state-of-the-art technology. In addition, ADIB Securities’ team of experienced professionals work closely with clients to complement the digital offering with personalised advice.

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About ADIB

ADIB is a leading bank in the UAE with more than AED 123 billion in assets. Its 983,000 customers benefit from the third largest distribution network in the UAE with 81 branches and more than 722 ATMs. The bank also offers world-class online, mobile and phone banking services, providing clients with seamless digital access to their accounts 24 hours a day. ADIB provides retail, corporate, business, private banking and wealth management solutions. The bank was established in 1997 and its shares are traded on the Abu Dhabi Securities Exchange (ADX).

In the UAE, the Bank has more than 2,000 employees and remains one of the leading banks in the recruitment, development and promotion of local talent in all the markets in which it operates. The bank has one of the highest Emiratisation ratios with more than 40 percent of the bank’s workforce being UAE Nationals.

ADIB has presence in six strategic markets: Egypt, where it has 70 branches, the Kingdom of Saudi Arabia, the United Kingdom, Sudan, Iraq and Qatar.

Named “Best Bank in the UAE” by The Financial Times’ The Banker publication, ADIB has a rich track record of innovation, including introducing the award-winning Ghina savings account, award-winning co-branded cards with Etihad and Etisalat and a wide range of financing products.

For media information, please visit www.adib.ae or contact:

ADIB                                                                                                       Brunswick Group

Radwa Shehab                                                                                     Mouaffak Hajjar

Head of External Communications                                                   Account Director

Mobile: +971504734482                                                                   Mobile: +971561748183

© Press Release 2018