Saturday 7 December 2019

Officials at the signing ceremony

Nasdaq Dubai inks co-op agreement with Kazakh exchange

DUBAI, July 9, 2019

Nasdaq Dubai, the region's international exchange, has signed an agreement with Astana International Exchange (AIX) in Kazakhstan to boost operational relationship between the central securities depositories (CSDs) of both markets.

The establishment of the link is subject to regulatory approvals, said a statement from the organisation.

This collaboration agreement with Nasdaq Dubai is a significant step in the continued opening of Kazakhstan and its companies to foreign investment, remarked Tim Bennett, chief executive of AIX, after signing the deal with Nasdaq Dubai CEO Hamed Ali.

“Since going live in November last year, we have been focusing on building our reach with international investors. Our agreement with Nasdaq Dubai is a key milestone in that effort,” he added.

On the tieup, Ali said: “As Kazakhstan’s dynamic companies increasingly look abroad for investment, we can provide them with access to a large pool of international and regional investors.”

“Our agreement with AIX promotes cross-border economic growth and wealth creation for Kazakhstan, the UAE and other countries by opening new financial channels for diverse market participants,” he added. – TradeArabia News Service


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