Nasdaq Dubai, Amman SE sign cooperation MoU

20/12/2016 07:39 AST

Nasdaq Dubai and Amman Stock Exchange (ASE) have signed a Memorandum of Understanding (MoU) to explore cooperation possibilities including facilitating a process for dual listings.

The MoU calls for cooperation on a range of activities and exchange of information and expertise, including on dual listings for companies on the ASE and Nasdaq Dubai, in addition to establishing a framework for collaboration between the two markets.

The MoU was signed in Dubai by Nader Azar, chief executive of ASE, and Hamed Ali, chief executive of Nasdaq Dubai, in the presence of senior executives of both exchanges as well as Fadi Khalaf, Secretary General of the Arab Federation of Exchanges.

Nader Azar, chief executive of ASE, said: “Our commitment to exploring collaboration with Nasdaq Dubai, as the region’s international exchange, will strengthen our links with global capital markets for the benefit of Jordanian companies and investors. By sharing expertise and cross fertilising ideas we will enable both exchanges to grow and better serve their market participants.”

Hamed Ali, chief executive of Nasdaq Dubai, said: “Jordanian businesses have a deserved reputation for entrepreneurial dynamism which Nasdaq Dubai is well placed to support. Through this agreement we look forward to building close relationships with Jordanian financial markets professionals, as well as companies that aim to raise regional and international capital and expand their visibility to a global audience.

Trade Arabia