The Abu Dhabi Securities Exchange (ADX) has formally onboarded Thndr, one of many MENA area’s fastest-growing digital funding platforms, as its first distant retail buying and selling member.
It represents a significant step in increasing retail investor entry and digitally reworking capital markets within the UAE.
This milestone makes Thndr the primary platform of its variety within the GCC to achieve direct entry to ADX, the UAE’s largest change, with a market cap of AED3.1tn ($844bn) and among the many prime 20 exchanges globally.
Thndr onboarded to ADX
Greater than 4m Thndr customers will quickly be capable of make investments immediately in ADX-listed shares and ETFs by way of its cell app, unlocking real-time entry to one of many GCC’s best-performing markets.
- In 2024, Thndr processed $13bn in buying and selling quantity throughout 12m trades
- The app at present helps entry to markets within the UAE, Egypt, and the US, providing a variety of belongings together with shares, gold, mutual funds, and financial savings merchandise
- The onboarding helps distant buying and selling, which means customers and brokers don’t want a bodily presence within the UAE to purchase or promote ADX-listed securities
This aligns with worldwide practices and helps ADX’s efforts to broaden market participation, enhance liquidity, and entice overseas funding.
Abdulla Salem Alnuaimi, Group Chief Government Officer of the ADX, mentioned: “ADX onboarding Thndr is a transformative step in creating tangible buying and selling bridges throughout the area’s capital market. As the primary change within the GCC to welcome Thndr, we’re demonstrating our dedication to monetary inclusion and our management in unlocking new funding alternatives in Abu Dhabi’s strong capital market.
“We’re setting a benchmark for digital innovation and cross-border collaboration in monetary providers as we proceed to be a key driver in Abu Dhabi’s transition to a knowledge- and investment-led financial system.”
This collaboration enhances ADX’s Tabadul platform—the area’s first digital change centre based mostly on mutual market entry—and displays the change’s broader dedication to cross-border collaboration and fintech innovation.
Based in Egypt in 2020 and backed by Hub71, Thndr is regulated by Abu Dhabi International Market’s (ADGM) Monetary Companies Regulatory Authority (FSRA) and has been on the forefront of democratising funding throughout the area.
Ahmad Hammouda, Co-founder and CEO of Thndr, mentioned: “We’re proud to rejoice this milestone with the CEO of ADX, pushed by a shared perception that retail traders deserve entry to a grade-A funding service, whether or not by way of a seamless app expertise or highly effective content material that makes investing easy and clear.
“This partnership offers our customers the prospect to spend money on one of many area’s strongest-performing markets over the previous 5, 10, and 15 years, whereas additionally opening doorways to publicity inside MENA by way of Tabadul in addition to past MENA”.
Seif Amr, Co-founder and Board Member, mentioned: “This launch is a significant milestone for Thndr and a testomony to an unbelievable partnership. The complete Thndr crew labored as a united entrance with ADX, FSRA, Hub71, ENBD, and E& to clear main hurdles and finally make it easy for native and overseas people to take part within the UAE’s spectacular development story.
“This collaboration actually showcases why the UAE, with ADGM on the forefront, is a beacon of progress for the area”.
With a market capitalisation of AED3.1tn ($844bn), the ADX has persistently outperformed international benchmarks, beating the MSCI Rising Markets Index over the previous decade and plenty of main international indices over the past 20 years.