Dubai – Mubasher: Nasdaq Dubai said Sunday that it signed a Memorandum of Understanding (MoU) with has Amman Stock Exchange (ASE) 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, according to a statement.
The MoU was inked at Nasdaq Dubai on December 15 by Chief Executive of ASE, Nader Azar, and Chief Executive of Nasdaq Dubai, Hamed Ali, in the presence of senior executives of both exchanges as well as Secretary General of the Arab Federation of Exchanges, Fadi Khalaf.
“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,” Nader Azar, Chief Executive of ASE, said.
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,” he added.
