Riyadh, Saudi Arabia – The Qatar Stock Exchange (QSE) and the Saudi Tadawul Group have signed a Memorandum of Understanding (MoU) aimed at strengthening their partnership and fostering cooperation between the two markets. The agreement, signed on Sunday at the Saudi Capital Market Forum in Riyadh, outlines a framework for collaboration in areas such as market operations, information sharing, and joint research initiatives.
The MoU was signed by Abdul Aziz Nasser Al Emadi, Acting CEO of the QSE, and Eng. Khalid Al Hussan, CEO of the Saudi Tadawul Group. Both parties expressed their commitment to working together to enhance the investment climate in the region and attract both local and foreign investors.
“This agreement signals the beginning of an even greater collaboration between our markets, and we look forward to exploring many future areas of cooperation,” said Al Emadi. “With global capital markets evolving, it is important for GCC markets to work together to exchange information and align on best practices.”
The agreement focuses on several key areas of cooperation:
- Sharing best practices and enhancing market operations: The two exchanges will collaborate on improving their operational efficiency and adopting best practices in the industry.
- Information exchange and expertise sharing: Both parties will share information and expertise related to investment products and services available in their respective markets.
- Joint research initiatives: The QSE and Saudi Tadawul Group will conduct joint research to promote investment opportunities and enhance the capacity of their respective markets.
This partnership is a significant step towards strengthening the regional capital markets and promoting investment in the Gulf Cooperation Council (GCC) region. By working together, the QSE and Saudi Tadawul Group aim to create a more attractive and efficient investment environment for both local and international investors.
