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Dubai /Â WAM
Nasdaq Dubai and Bourse de Tunis have signed a Memorandum of Understanding to explore collaboration possibilities, including initiatives regarding existing and future issuers and listings on the two exchanges.
Ways to promote Islamic capital markets products and solutions will also be considered under the MoU, together with supporting potential links between
central securities depositories in the respective
jurisdictions.
The MoU was signed in Tunis by Hamed Ali, Chief Executive of Nasdaq Dubai, and Bilel Sahnoun, Chief Executive of Bourse de Tunis.
Commenting on signing the MoU, Ali said, “As the region’s international exchange, Nasdaq Dubai looks forward to strengthening its links with Bourse de Tunis and the North African capital markets community, in order to promote business activity and opportunities for issuers and investors. Our international framework is designed to accommodate close cooperation with regional exchanges to support their growth and development.”
Sahnoun said, “This landmark agreement promotes close cooperation between the exchanges for the benefit of issuers, investors and brokers in Tunisia, the UAE and the wider MENA region. Nasdaq Dubai’s global and regional investor pool, combined with its international regulatory structure, make it an ideal platform to collaborate with Bourse de Tunis to support capital raising initiatives by a wide range of entities.”