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MoU Signed Between Qatar Stock Exchange and Nairobi
Securities Exchange
March 13, 2017
A
delegation representing the Kenyan capital markets regulatory
authority and the Nairobi Securities Exchange today visited
Qatar Stock Exchange and signed a memorandum of understanding
for cooperation between the Qatar Stock Exchange and Nairobi
Securities Exchange.
In
the signing ceremony, Mr. Rashid bin Ali Al-Mansoori, CEO of
Qatar Stock Exchange, stated that "I am delighted to see this
MOU signed between the two exchanges, hoping that it will help
enhance the economic cooperation between the two countries. The
MOU signals the willingness of the two countries to cooperate
and develop this relation further. The signing ceremony today
is just a beginning of further cooperation between the two
exchanges. I look forward to a long and mutually beneficial
relationship between QSE and Nairobi Securities Exchange”.
The visiting delegation thanked QSE and expressed confidence
that the MoU signed between the two sides will 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.
Mr. Samuel Kimani, Chairman of the Nairobi Stock Exchange,
expressed his pleasure to visit Qatar Stock Exchange and said
that the Nairobi Securities Exchange is a young exchange looking
for further development and cooperation opportunities, and 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.
“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, CEO of the Kenyan Capital Markets Authority,
stated.
The purpose of this Memorandum of Understanding 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. The MoU
also aimed at exploring ways to facilitate investments in each
other’s market and promote public awareness.
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