Amman, September 2 (Petra) – Amman Stock Exchange (ASE) and Astana International Exchange (AIX) on Tuesday signed a memorandum of understanding (MoU) aimed at strengthening relations and establishing a cooperation mechanism, joint communication, and exchange of information for the two countries’ capital markets.

The MoU would contribute to develop the two markets’ legislative and technical frameworks and enhancing the investment environment.

ASE CEO, Mazen Wathaifi, and AIX CEO, Aseel Mukazhanova signed the agreement.

Talking at the signing ceremony, Wathaifi stated His Majesty King Abdullah II’s visit to Uzbekistan and Kazakhstan marked an “important milestone” on all levels and opened new economic horizons and opportunities for Jordan’s national economy, institutions, and companies.

Wathaifi added that the Royal trip also aligns with Economic Modernization Vision to establish “important” trade and investment partnerships between Jordan’s economic sectors and both countries.

This effort, he noted, will contribute to enhancing “competitiveness” of Jordan’s economy, opening new markets, and expanding the investment base.

Wathaifi said the ASE’s new memo, which was one of multiple agreements signned in various economic fields and across the public and private sectors, is a “crucial” milestone in strengthening ASE-AIX cooperation.

The step will enhance the two markets’ “efficiency and competitiveness, support their development and growth potential, open new horizons for attracting investments, deepen mutual integration and engage in regional alliances,” he pointed out.

Wathaifi noted the agreement establishes the basis for holding meetings and promotional events for the national capital market and its investment opportunities with the Kazakh side.

This agreement, he stated, will also enable exchange of information and expertise with the AIX in various areas, mainly development of market-related legislative and technical infrastructure.

On other collaboration aspects, he referred to relevant modern technologies, new financial instruments, SME markets, Sharia-compliant securities, exchange-traded funds (ETFs), new indices, and related financial technology.

Additionally, he said the memo will involve cooperation in holding joint capacity-building, training, and awareness-raising events, and exchange of expertise between the two markets in the green finance and sustainability fields.
//Petra// AG
02/09/2025 17:18:33