MoU strengthens financial collaboration between the UAE and Hungary, with a focus on innovation and cross-border investment
The Abu Dhabi Securities Exchange (ADX) and the Budapest Stock Exchange (BSE) signed a Memorandum of Understanding (MoU) to launch a strategic partnership. The agreement was signed in Budapest during the state visit of President His Highness Sheikh Mohamed bin Zayed Al Nahyan to Hungary. The ceremony took place at the BSE headquarters and was attended by Saud Hamad Al Shamsi, the UAE Ambassador to Hungary.
This MoU aims to deepen cooperation between the two capital markets, foster international connectivity, and promote knowledge-sharing. It also aligns with both exchanges’ broader goals of expanding global relationships, particularly in the Middle East and Central Eastern Europe. ADX continues to pursue international linkages as part of its strategy to build partnerships with prominent financial institutions worldwide.
Joint Initiatives to Enhance Market Access and Investor Engagement
Through this partnership, ADX and BSE will collaborate on a variety of initiatives. These include co-hosting investor roadshows, seminars, and educational programmes to increase the visibility of their respective capital markets. Furthermore, both parties are exploring the development of exchange-traded fund (ETF) products to provide investors with diversified and modern instruments.
In addition to product development, the two exchanges will assess possibilities for dual listings and cross-border trading. A shared commitment to environmental, social, and governance (ESG) standards will also be central to their professional cooperation. Importantly, the MoU promotes the exchange of best practices in areas such as regulation, market innovation, and IT infrastructure.
Another major focus is the potential integration of BSE into the Tabadul Hub—ADX’s digital trading platform launched in 2022. Tabadul enables cross-border access and remote market participation by linking regional exchanges through a digital network. This initiative stands out as a pioneering model in digital financial connectivity.
Leaders Highlight Vision for Global Financial Integration
Abdulla Salem Alnuaimi, Group CEO of Abu Dhabi Securities Exchange (ADX), stated;
“This collaboration with the Budapest Stock Exchange marks a key milestone in ADX’s global integration journey, establishing a strong foundation for enhanced cooperation and innovation. Together, we aim to develop new financial products, including ETFs, indices, and other investment vehicles, to serve both local and international investors. The partnership also explores opportunities for cross-listings between the two markets, while the Tabadul Hub will further enhance digital connectivity and remote market access. This strategic alliance reinforces Abu Dhabi’s position as a dynamic and globally connected financial centre committed to sustainable growth and shared prosperity.”
Tibor Tóth, CEO of the Budapest Stock Exchange, added:
“We are confident that these new initiatives will make our markets even more attractive to both domestic and international investors. Tabadul is a unique platform and initiative providing exciting opportunities for BSE.”
This MoU marks a forward-looking alliance that reflects the shared ambition of ADX and BSE to promote international investment, digital innovation, and long-term financial cooperation between the UAE and Hungary.
