The Qatar Stock Exchange (QSE) Sunday signed a memorandum of understanding (MoU) with the Saudi Tadawul Group as part of efforts to strengthen the partnership and establish a foundation for co-operation between the two parties.
The MoU was signed by Abdul Aziz Nasser al-Emadi, the acting chief executive officer of the QSE and Khalid al-Hussan, the chief executive officer of the Saudi Tadawul Group.
The MoU, signed on the sidelines of the Saudi Capital Market Forum held in Riyadh, envisages co-operation in several areas of interest such as the mechanisms to enhance market operations, exchange of information and expertise related to investment products and services available in the financial markets, preparing joint research to promote investment opportunities and enhance the capacity of the respective markets.
The QSE official said the agreement serves as a testament to the long-term partnership, which is aimed at fostering market growth and enhancing the local and regional investment climate.
"With global capital markets evolving, it is moreover important for the GCC (Gulf Co-operation Council) markets to work together to exchange information and align on best practices to elevate our capital markets and enhance the experience for issuers and investors alike. This agreement signals the beginning of an even greater collaboration between our markets, and we look forward to exploring many future areas of cooperation," al-Emadi said.
Since its inception, the QSE has worked diligently to create a thriving and transparent capital market equipped with advanced infrastructure and cutting-edge trading platform. Furthermore, the QSE has taken a key role in introducing a diversified range of products and services to attract both local and foreign investors.
Abdul Aziz Nasser al-Emadi, acting CEO of QSE, and Khalid al-Hussan, CEO of Saudi Tadawul Group, shake hands at the MoU signing ceremony.