Bridging Arab markets: MSX and PEX forge new partnership
Published: 04:02 PM,Feb 24,2025 | EDITED : 08:02 PM,Feb 24,2025
MUSCAT: In a significant step towards bolstering regional financial cooperation, the Muscat Stock Exchange (MSX) and the Palestine Exchange (PEX) have signed a comprehensive Memorandum of Cooperation (MoC). The agreement is designed to exchange expertise, develop advanced systems, enhance market integration, facilitate broker access, and ultimately improve the investment environment in both nations.
The signing ceremony, held in Muscat, was attended by Haitham bin Salem al Salmi, CEO of MSX, and Nihad Kamal, General Manager of PEX. Both leaders hailed the agreement as a landmark achievement that will deepen financial ties among Arab markets and elevate the quality of services offered by each exchange.
Under the MoC, the two exchanges will establish a joint framework for collaboration. This framework will enable them to share vital information, promote dual listings, and streamline broker access across both markets. In addition, the agreement outlines plans to develop advisory services and offer specialised training programmes. These initiatives are aimed at equipping employees and investors with a deeper understanding of financial markets and trading mechanisms.
The pact also focuses on modernising financial infrastructure and boosting operational efficiency. Through coordinated efforts, both parties will work to enhance data exchange, improve financial disclosure in line with global best practices, and foster cooperation in governance, sustainability, and investor education.
Both exchanges expressed their unwavering commitment to these collaborative efforts, underscoring their role in serving the interests of investors and strengthening the national economies of their respective countries. This agreement marks a pivotal moment in ongoing regional efforts to promote transparency, sustainability, and robust economic development across Arab financial markets.
The signing ceremony, held in Muscat, was attended by Haitham bin Salem al Salmi, CEO of MSX, and Nihad Kamal, General Manager of PEX. Both leaders hailed the agreement as a landmark achievement that will deepen financial ties among Arab markets and elevate the quality of services offered by each exchange.
Under the MoC, the two exchanges will establish a joint framework for collaboration. This framework will enable them to share vital information, promote dual listings, and streamline broker access across both markets. In addition, the agreement outlines plans to develop advisory services and offer specialised training programmes. These initiatives are aimed at equipping employees and investors with a deeper understanding of financial markets and trading mechanisms.
The pact also focuses on modernising financial infrastructure and boosting operational efficiency. Through coordinated efforts, both parties will work to enhance data exchange, improve financial disclosure in line with global best practices, and foster cooperation in governance, sustainability, and investor education.
Both exchanges expressed their unwavering commitment to these collaborative efforts, underscoring their role in serving the interests of investors and strengthening the national economies of their respective countries. This agreement marks a pivotal moment in ongoing regional efforts to promote transparency, sustainability, and robust economic development across Arab financial markets.