cn
cn
Search our site
Bonds CSD Registar Qazaq Index equity ESG Islamic finance Tabys

AIX NEWS

AIX and Nasdaq Dubai agree to establish operational linkages
09.07.2019
AIX and Nasdaq Dubai agree to establish operational linkages
Astana International Exchange (AIX) and Nasdaq Dubai in Kazakhstan have signed an agreement to establish a close operational relationship between the central securities depositories (CSDs) of both markets. Tim Bennett, CEO of AIX, said: “Our agreement with Nasdaq Dubai is a significant step in the continued opening of Kazakhstan and its companies to foreign investment. Since going live in November last year, AIX has been focusing on building our reach with international investors. Our agreement with Nasdaq Dubai is a key milestone in that effort.” Hamed Ali, Chief Executive of Nasdaq Dubai, said: “As Kazakhstan’s dynamic companies increasingly look abroad for investment, Nasdaq Dubai can provide them with access to a large pool of international and regional investors. Our agreement with AIX promotes cross-border economic growth and wealth creation for Kazakhstan, the UAE and other countries by opening new financial channels for diverse market participants.”
Reference
The collaboration agreement was signed in Nur-Sultan by Hamed Ali and Tim Bennett. The establishment of the link is subject to regulatory approvals. Nasdaq Dubai is the international financial exchange serving the region between Western Europe and East Asia. It welcomes regional as well as global issuers that seek regional and international investment. The exchange currently lists shares, derivatives, Sukuk (Islamic bonds), conventional bonds and Real Estate Investment Trusts (REITS). The majority shareholder of Nasdaq Dubai is Dubai Financial Market with a two-thirds stake.  Borse Dubai owns one third of the shares. The regulator of Nasdaq Dubai is the Dubai Financial Services Authority (DFSA). Nasdaq Dubai is located in the Dubai International Financial Centre (DIFC). www.nasdaqdubai.com AIX was created in 2017 within the AIFC development framework. AIX shareholders are: AIFC, Goldman Sachs, Shanghai Stock Exchange, Silk Road Fund and NASDAQ which provides AIX trading platform. Exchange operates within the regulatory environment familiar to international investors, in the English law jurisdiction. The Exchange has developed and fully operational trading infrastructure. An ecosystem of local and international brokers has been created. AIX successfully held IPO of NAC “Kazatomprom” JSC in November 2018. Polymetal international plc, large mining company, passed dual listing in April 2019. In addition, Eurobonds of the Ministry of Finance of the Republic of Kazakhstan and corporate bonds of “Kazakhstan Temir Zholy” JSC were placed on the AIX platform. www.aix.kz AIFC. The AIFC was established on the initiative of the President of the Republic of Kazakhstan Nursultan Nazarbayev. In December 2015 President Nazarbayev approved the Constitutional Statute “On the Astana International Financial Centre” (AIFC). The aim of the AIFC is to establish a leading international centre for financial services. The objectives of the AIFC are to attract investment into the economy through the establishment of an attractive environment for investment in financial services, develop local capital markets, ensuring their integration with the international capital markets. www.aifc.kz Media Contact Yelena Pak Head of Communications Tel: +7 (7172) 23 53 94 Email: [email protected]
Reference: AIX was formed in 2017 within the Astana International Financial Centre development framework. AIX shareholders are AIFC, the Shanghai stock exchange, the Silk Road Fund, and NASDAQ, which also provides the AIX trading platform. The exchange operates within a regulatory environment based on the principles of English Law, thus providing a reliable investment environment. The mission of AIX is to develop an active capital market in Kazakhstan and the region by providing clear and favorable conditions for attracting financing to private and public businesses. AIX develops special segments for mining companies as well as infrastructure projects under the Belt and Road initiative. www.aix.kz The Astana International Financial Centre (AIFC) is an independent jurisdiction that started (AIFC) is an independent jurisdiction with a favourable legal and regulatory environment and a developed infrastructure for starting and doing business, attracting investment, creating jobs and developing Kazakhstan’s economy. https://aifc.kz/ The Eurasian Development Bank (EDB) is a multilateral development bank investing in Eurasia. For more than 18 years, the Bank has worked to strengthen and expand economic ties and foster comprehensive development in its member countries. By 2025, the EDB’s cumulative portfolio comprised 305 projects with a total investment of US $16.5 billion. The Bank’s portfolio consists principally of projects with an integration effect in transport infrastructure, digital systems, green energy, agriculture, manufacturing, and mechanical engineering. The Bank’s operations are guided by the UN Sustainable Development Goals and ESG principles.