Nasdaq Dubai and Amman Stock Exchange, ASE, have signed a Memorandum of Understanding to explore cooperation possibilities, including facilitating a process for dual listings.

The MoU calls for cooperation on a range of activities and exchange of information and expertise, including on dual listings for companies on the ASE and Nasdaq Dubai, in addition to establishing a framework for collaboration between the two markets.

The MoU was signed in Dubai by Hamed Ali, Chief Executive of Nasdaq Dubai, and Nader Azar, Chief Executive of ASE, in the presence of senior executives of both exchanges along with Fadi Khalaf, Secretary-General of the Arab Federation of Exchanges.

Speaking on the occasion, the Chief Executive of Nasdaq Dubai, said, "Jordanian businesses have a deserved reputation for entrepreneurial dynamism which Nasdaq Dubai is well placed to support. Through this agreement we look forward to building close relationships with Jordanian financial markets professionals, as well as companies that aim to raise regional and international capital and expand their visibility to a global audience. "

Chief Executive of ASE, said, "Our commitment to exploring collaboration with Nasdaq Dubai, as the region’s international exchange, will strengthen our links with global capital markets for the benefit of Jordanian companies and investors. By sharing expertise and cross fertilising ideas we will enable both exchanges to grow and better serve their market participants."