DOHA, QATAR: Astana International Exchange (AIX) and Qatar Stock Exchange (QSE) signed a Memorandum of Understanding (MOU) and agreed to set up cooperation in mutually beneficial areas.
The MOU was signed by QSE’s Marketing and Communications Director Mr. Hussein Mohammad Al-Abdullah, representing QSE’s CEO Mr. Tamim Al-Kawari, and Mr. Renat Bekturov, CEO of AIX inside the presence of the Kazakhstani delegation
Under the agreement, each events will facilitate information and knowledge exchange regarding market operations inside the respective authorized and technical framework, joint analysis and academic initiative.
Tamim Al-Kawari, CEO of QSE, noted: “Our long-standing relationship with Kazakhstan and the AIX have been additional enhanced by the signing of this MoU. We look ahead to all that this collaboration can bring to the event of each our markets. Our aim is, and always will be, sustaining the integrity of the capital markets and offering the merchandise and services available to investors, each home and international. This relationship will support that aim.”
Renat Bekturov, CEO of AIX, said: “Kazakhstan is happy to set up bilateral relationship with our peer in Qatar. We are looking ahead to contributing to this partnership and forming a joint force in selling capital market development. The following MOU not solely opens a brand new chapter towards developing diversified and knowledge-driven collaboration between AIX and QSE, however additionally paves the way for cross-border alternatives for investors from Kazakhstan and Qatar.”
The settlement lays a solid basis for the cooperation between rising economies, particularly in capital markets. Via QSE, one of many hubs for Islamic Sukuk inside the world, AIX is to bolster its involvement in developing and selling Islamic finance through sharing information and experience pertaining to its activities.
AIX listed its first Islamic finance compliant Sukuk issued by the Qatar International Islamic Bank (QIIB) in March 2020 and continues to express a particular curiosity in Sharia-compliant products.
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