Morocco and Qatar take a new step in the integration of their capital markets

Fathïa BENNIS, Chairman and CEO of MOROCLEAR and Misnad BIN ABDULLATIF AL-MISNAD, Chairman and CEO of QCSDQatar Central Securities Depository, signed on November 2, 2020 a Memorandum of Understanding to strengthen the links between the two Central Securities Depositories.

This memorandum of understanding expresses the strong will of these two institutions, in their capacity as reference infrastructures of their respective financial markets, to strengthen the links between the Kingdom of Morocco and the Emirate of Qatar. This strengthening was also manifested through the signing of a bilateral agreement between the Central Banks of the two countries.

This agreement between the two Central Custodians defines a framework of action for the achievement of common objectives including, in particular, mutual technical assistance and the exchange of expertise, skills and practices in all areas of their activities.

The two Central Securities Depositories also undertake to cooperate actively in integrating the capital markets of the two countries in order to pave the way for the dual listing of financial instruments at the level of the respective stock exchanges and to ensure simplified and secure access for the benefit of investors.

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