The Qatar Stock Exchange (QSE) and the Nairobi Securities Exchange have entered into mutually beneficial agreement that explore ways to facilitate investments in each other’s market.
A memorandum of understanding (MoU) was signed in Doha by Rashid bin Ali al-Mansoori, QSE chief executive, and Samuel Kimani, chairman of the Nairobi bourse.
“The MoU signals the willingness of the two countries to cooperate and develop this relation further. It is just a beginning of further cooperation between the two exchanges,” al-Mansoori said.
The visiting delegation expressed confidence that the deal would prove to be a useful mechanism not only to raise the level of cooperation between the two exchanges, but also to open up new prospects for business opportunities for market participants in both Qatar and Kenya.
“The MoU with QSE will open a door for fruitful cooperation opportunities, especially in light of Qatar’s potential in terms of exchange products, Islamic finance and other areas of interests,” according to Kimani.
The purpose of this MoU is to strengthen the relationship between both parties and set up a mechanism for cooperation and communication to work on matters that are of mutual interest, primarily exchange of information, knowledge and expertise in relation to the development of capital markets, as well as exchange of information and technical assistance in respect of processes and procedures relating to listing, trading, depository operations, clearing and settlement.
“We are here in a joint visit to meet with the QSE to better understand the regulatory and market environment in Qatar and create opportunities for issuance of products and cross listings, as well as exploring the scopes of cooperation in light of the strong relations between Kenya and Qatar,” Paul Murithi Muthaura, chief executive of the Kenyan Capital Markets Authority, said.



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