Saudi Tadawul, Abu Dhabi ADX sign MoU

(MENAFN) The Saudi Stock Exchange (Tadawul) has signed a memorandum of understanding (MoU) with the Abu Dhabi Securities Exchange (ADX) in order to strengthen bilateral relations between them, according to Khaleej Times. The memorandum of understanding was signed by Rashed Al Baloushi, the chief executive officer of the Abu Dhabi Securities Exchange and Adel Saleh Al-Ghamdi, the chief executive officer of the Saudi Stock Exchange. The agreement is set to cooperate in sharing information between the two exchanges.