Nasdaq Dubai and the Amman Stock Exchange (ASE) have signed an agreement to explore cooperation possibilities, including facilitating a process for dual listings.
The memprandum of understanding 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 agreement was signed in Dubai by Hamed Ali, the chief executive of Nasdaq Dubai, and Nader Azar, the chief executive of ASE, in the presence of senior executives of both exchanges along with Fadi Khalaf, the secretary-general of the Arab Federation of Exchanges.
Mr Ali said: “Jordanian businesses have a deserved reputation for entrepreneurial dynamism that 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. “
Mr Azar 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.”
* WAM
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