UAE - Mubasher: The Securities and Commodities Authority (SCA) and the Registration Authority (RA) of Abu Dhabi Global Market (ADGM) have entered into a Memorandum of Understanding (MoU) to support ADGM registered entities in offering and listing shares on UAE capital markets. 

Under the agreement, the ADGM RA and SCA will promote regulatory and supervisory cooperation to enable the listing of ADGM entities on UAE markets, according to a press release on Tuesday.

Meanwhile, both authorities will also cooperate in monitoring the trading and ownership of the entities’ listed shares and addressing illegal and fraudulent activities to fight money laundering, terrorist financing, and financing of illegal organisations.

The Deputy CEO of the SCA, Maryam Al Suwaidi, said: "We truly believe that this agreement will contribute to an increase in IPOs and direct listings on the country's stock exchanges, effectively sustaining market momentum and offering greater opportunities to investors and attract foreign investment inflows."

Meanwhile, the CEO of the ADGM RA, Dhaher Bin Dhaher Al Mheiri, commented: "The reinforcement of supervision and regulatory cooperation between us will certainly result in greater investor trust, accessibility, and ease of doing business."