The Abu Dhabi Securities Exchange (ADX) has welcomed Thndr, a leading retail investment platform in the MENA region, as its first remote retail trading member.
Thndr, a Hub71 startup, is one of the MENA region’s first fully digital investment platforms. Regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), Thndr is poised to expand its footprint in the UAE, building on its strong performance across the region.
In 2024 alone, the platform saw over $13 billion in trading volume and completed 12 million trades. With more than four million downloads and access to markets in the UAE, Egypt, and the U.S., Thndr offers a diverse range of asset classes, including stocks, gold, mutual funds, and savings products, thus positioning itself as a comprehensive, one-stop investment platform.
Thndr users will be soon able to invest directly in some of the UAE’s most valuable listed companies and exchange-traded funds (ETFs) through its mobile investment platform. This milestone highlights the ADX’s ongoing commitment to linking Abu Dhabi with global capital markets. The announcement was made during a special event held at the ADX headquarters in Abu Dhabi.
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.
Abdulla Salem Alnuaimi Group CEO- ADX
“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.”
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.
Ahmad Hammouda, Co-founder and CEO of Thndr said that, “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.”
Ahmad Hammouda added that, “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.”
Seif Amr, Co-founder and Board Member of Thndr noted that, “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.”
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.
ADX is the largest exchange in the UAE, the second largest in the MENA region, and ranks among the top 20 globally. With a market capitalization of $843 billion (AED 3.1 trillion), ADX underscores Abu Dhabi’s position as a dynamic global investment hub.
Over the past decade, the ADX has been the best-performing market in the GCC, surpassing the MSCI Emerging Markets Index and outperforming major global indices over the past 20 years.
