Nasdaq Dubai and Bourse de Tunis have signed a Memorandum of Understanding (MoU) to promote Islamic capital markets products and initiatives regarding existing and future issuers and listing on the two exchanges.
The agreement which was enacted in Tunis was signed by Hamed Ali, Chief Executive of Nasdaq Dubai, the international exchange serving the MENA region and Africa, and Bilel Sahnoun, Chief Executive of Bourse de Tunis.
Speaking about the agreement, Chief Executive of Bourse de Tunis, Bilel Sahnoun, said "this landmark agreement promotes close cooperation between the exchanges for the benefit of issuers, investors and brokers in Tunisia, the UAE and the wider MENA region.
"Nasdaq Dubai's global and regional investor pools, combined with its international regulatory structure, make it an ideal platform to collaborate with Bourse de Tunis to support capital raising initiatives by a wide range of entities."
Chief Executive of Nasdaq Dubai, Hamed Ali stated that "as the region's international exchange, Nasdaq Dubai looks forward to strengthening its links with Bourse de Tunis and the North African capital markets community, in order to promote business activity and opportunities for issuers and investors."
Bourse de Tunis' main goal is to serve the real economy, help financial market orientation of Tunisian companies and attract more foreign investor while Nasdaq Dubai main goal is to expand its role as global centre for Sukuk listing in line with Dubai government.