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ADSM and KSE sign MoU to encourage cross-listings

The MoU is designed to facilitate procedures of cross-listing of companies on ADSM and KSE and will open channels of cooperation between both exchanges and the exchange of expertise concerning rules and regulations applied, investor awareness programmes, as well as the latest techniques and developments in the financial markets.

The MoU was signed by Adnan Afridi, Managing Director of KSE, and by Tom Healy, Director-General of ADSM. Tom Healy said: "This MoU represents a significant step in bringing our capital markets closer together, to our mutual benefits. We look forward to working with KSE from now on in developing mutual business."

Adnan Afridi, Managing Director of KSE welcomed the commitment of ADSM and KSE to cooperate and share expertise. He added that this MoU would strengthen the coordination between both markets which in turn would help and facilitate the process of enhancing surveillance and investors' protection as well as the development of financial markets according to the best international practices that will lead to a professional markets.