"Abu Dhabi Securities" On the Budapest Stock Exchange they sign a memorandum of understanding

Budapest on July 22 / WAM / The Abu Dhabi Securities Market, and the Budapest Stock Exchange, signed the second largest stock exchange in Central and Eastern Europe, a memorandum of understanding to cooperate in a number of major initiatives on the sidelines of the official visit by His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the State, may God protect him, to the Republic of Hungary recently.
The Memorandum of Understanding – which was signed at the Budapest Stock Exchange headquarters in the presence of His Excellency Saud Hamad Al Shamsi, the UAE Ambassador to the Republic of Hungary – aims to deepen relations between the capital markets in the two countries and exchange best practices.

The memorandum represents a new important stage within the efforts of the Budapest Exchange to expand its international relations, including in the Middle East, while in line with the efforts of the Abu Dhabi Continuing Securities Market to enhance its relations with the most prominent international financial institutions.
The memorandum aims to enhance the presence of Emirati and Hungarian capital markets by organizing joint activities such as promotional tours of investors, seminars, and educational programs, as well as discussing cooperation opportunities to develop and promote the incoming indicators circulating to provide modern and varied investment tools for investors in the two markets.
The two sides are working – according to the memo – to study the possibility of double inclusion and cross -border trading, in addition to enhancing professional cooperation in the field of environmental, social and institutional governance and the exchange of best practices and knowledge in the fields of market developments, organizational practices, product development, and capacity building in the field of information technology in addition to researching and evaluating ways to join the Budapest Stock Exchange to the “exchange” platform launched by the Abu Dhabi Stock Exchange in a year 2022 The first digital platform in the region is based on the form of mutual access to the markets and facilitates cross -border trading by linking the financial markets to a digital network that enables brokerage companies to provide distance access to international markets.
On this occasion, Abdullah Salem Al -Nuaimi, CEO of Abu Dhabi Stock Exchange Group, said that this partnership with the Budapest Stock Exchange represents an important station in the Abu Dhabi Securities Market march towards achieving global integration, as we establish a strong base for cooperation and innovation, and we seek through our cooperation with the Budapest Stock Exchange to develop new financial products that include investment funds, investment indicators and other tools It is in the interest of both local and international investors. ”

He added: “We will explore the opportunities for the double inclusion of companies and financial products in the two markets, while the platform for exchanging communication operations by enabling trading across the distance markets and this strategic partnership confirms the position of Abu Dhabi is a dynamic financial center and global interrelationship, committed to sustainable growth and common prosperity.
For his part, Tipur Tott, CEO of Budapest Stock Exchange, stressed that this partnership not only enhances relations between the two markets, but also opens new horizons for investors in Hungary and the UAE.
He said: “We are confident that these initiatives will make our markets two destinations more attractive to local and international investors,” describing the exchange platform as a unique initiative that provides interesting opportunities for the Budapest Stock Exchange.

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