Abu Dhabi, United Arab Emirates: The Abu Dhabi Securities Exchange (ADX) today onboarded Thndr, a leading retail investment platform in the MENA region, as the first remote retail trading member on the largest exchange in the UAE, the second largest in the MENA region, and among the top 20 in the world.
Thndr, a Hub71 start-up, is one of MENA’s first fully digital investment platforms. Regulated by the Abu Dhabi Global Market’s (ADGM) Financial Services Regulatory Authority (FSRA), Thndr is set to make its mark in the UAE following its strong track record in the region.
In 2024 alone, Thndr recorded over $13 billion in trading value and executed 12 million trades. With more than four million downloads, access to three markets – the UAE, Egypt, and the U.S. – and a wide range of asset classes, including stocks, gold, mutual funds, and savings products, Thndr is building a true investment one-stop shop.
Thndr users will soon be able to invest directly in some of the most valuable listed companies and exchange-traded funds (ETFs) in the UAE through its mobile investment platform, demonstrating the ADX’s commitment to connecting Abu Dhabi to global capital. This landmark announcement was made today during a special event at the ADX’s headquarters in Abu Dhabi.
Abdulla Salem Alnuaimi, Group Chief Executive Officer of the ADX, said: “ADX onboarding Thndr is a transformative step in creating tangible trading bridges across the region’s capital market. As the first exchange in the GCC to welcome Thndr, we are demonstrating our commitment to financial inclusion and our leadership in unlocking new investment opportunities in Abu Dhabi’s robust capital market. We are setting a benchmark for digital innovation and cross-border collaboration in financial services as we continue to be a key driver in Abu Dhabi’s transition to a knowledge- and investment-led economy.”
Remote Trading Members allow more individuals, international brokers, and institutions to buy and sell ADX-listed securities, in line with many international practices, without the need for physical presence in the UAE, thereby growing and diversifying the investor base, attracting foreign investment, improving liquidity, and driving more trading activity.
Launched in Egypt in 2020, Thndr has transformed investing in the region by leveraging technology to provide a modern and seamless investment solution to help users grow their wealth through an array of products.
“We’re proud to celebrate this milestone with the CEO of ADX, driven by a shared belief that retail investors deserve access to a grade-A investment service, whether through a seamless app experience or powerful content that makes investing simple and clear. This partnership gives our users the chance to invest in one of the region’s strongest-performing markets over the past 5, 10, and 15 years, while also opening doors to exposure within MENA through Tabadul as well as beyond MENA. As an Egyptian founder, this moment is personal, it’s about building on the historic ties between Egypt and the UAE and creating new bridges for our communities to grow, invest, and win together,” said Ahmad Hammouda, Co-founder and CEO of Thndr.
“This launch is a major milestone for Thndr and a testament to an incredible partnership. The entire Thndr team worked as a united front with ADX, FSRA, Hub71, ENBD, and E& to clear major hurdles and ultimately make it simple for local and foreign individuals to participate in the UAE’s impressive growth story. This collaboration truly showcases why the UAE, with ADGM at the forefront, is a beacon of progress for the region,” said Seif Amr, Thndr’s Co-founder and Board Member.
The onboarding of Thndr supports ADX’s key initiatives, such as the Tabadul platform, the first digital exchange center in the region that is based on the mutual market access model, and complements strategic partnerships with global exchanges by fostering innovation, enabling knowledge transfer, and advancing cross-border collaboration.
With a market capitalization of AED 3.1 trillion, the ADX reflects Abu Dhabi’s role as a dynamic global investment hub. The ADX has been the best-performing market in the GCC region, outperforming the MSCI Emerging Markets Index over the past decade and global indices over the past 20 years.
About Abu Dhabi Securities Exchange (ADX)
Abu Dhabi Securities Exchange (ADX) was established on November 15, 2000, by Local Law No. (3) Of 2000, the provisions of which vest the market with a legal entity of autonomous status, independent finance and management. The Law also provides ADX with the necessary supervisory and executive powers to exercise its functions. On March 17, 2020, ADX was converted from a “Public Entity” to a “Public Joint Stock Company PJSC” pursuant to law No. (8) of 2020. ADX is part of ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy.
ADX is a market for trading securities; including shares issued by public joint stock companies, bonds issued by governments or corporations, exchange traded funds, and any other financial instruments approved by the UAE Securities and Commodities Authority (SCA). ADX is the second largest market in the Arab region and its strategy of providing stable financial performance with diversified sources of incomes is aligned with the guiding principles of the UAE “Towards the next 50” agenda. The national plan charts out the UAE’s strategic development scheme which aims to build a sustainable, diversified and high value-added economy that positively contributes to transition to a new global sustainable development paradigm.
About Thndr
Thndr, a Hub71 start-up, is one of MENA’s first fully digital investment platforms, simplifying and democratizing investing for over 4 million users. The platform empowers investors with access to the UAE, Egyptian, and U.S. stock markets, as well as gold, mutual funds, and savings products. Launched in 2020 by Ahmad Hammouda and Seif Amr, Thndr currently holds regulatory licenses from both the FRA (Egypt) and ADGM (UAE). To date, Thndr has raised a total of $37.7 million from global venture capital firms, including Prosus Ventures, Rabacap, Tiger Global, BECO Capital, and Y Combinator.
For more information, visit https://Thndr.app. The Thndr app is available on the Apple App Store and Google Play.