A Memorandum of Understanding (MoU) was signed by the Budapest Stock Exchange (BSE), the second-largest exchange in Central and Eastern Europe, and the Abu Dhabi Securities Exchange (ADX), one of the leading and fastest-growing exchanges in the Middle East, to work together on many important projects.
The signing happened during President His Highness Sheikh Mohamed bin Zayed Al Nahyan’s state visit to Hungary. The UAE Ambassador to Hungary, Saud Hamad Al Shamsi, was present at the signing event, which was held in the BSE’s offices.
The MoU aims to exchange best practices and strengthen ties between the capital markets of the two nations. Another significant step in the BSE’s efforts to improve relations internationally, including in the Middle East, is the agreement. The move fits in nicely with ADX’s continuous initiatives and efforts to fortify ties with top international financial institutions.
The agreement’s structure calls for the two parties to organize collaborative events including investor roadshows, seminars, and educational programs in order to, among other things, increase the visibility of the Hungarian and UAE capital markets.
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