ADX And LSM Cooperate In MENA Securities Market

Abu Dhabi Securities Exchange (ADX) has signed a Memorandum of Understanding (MoU) with the Libyan Stock Market (LSM) to cement ties between Abu Dhabi and other Arab exchanges. The MoU commits ADX to providing LSM with consultancy and training services

By None

Abu Dhabi Securities Exchange (ADX) has signed a Memorandum of Understanding (MoU) with the Libyan Stock Market (LSM) to cement ties between Abu Dhabi and other Arab exchanges.

The MoU commits ADX to providing LSM with consultancy and training services and the two exchanges agreed to share trading data and information about listed securities; facilitate the trading of securities listed on both exchanges; and encourage and facilitate the dual-listing of companies.

Co-operation and co-ordination with other exchanges is very important in the early stages of development and we are honoured that the LSM recognised the benefit of signing such an agreement with ADX, says Tom Healy, CEO, ADX.

Libyan companies and investors have watched Abu Dhabis dramatic development with great interest, says Suliman Salem Alshahumy, chairman, Board of Directors, LSM. This agreement will benefit all our stakeholders and hopefully lead to more co-operation between the exchanges.

L.D.

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