Astana International Exchange (AIX) and Muscat Stock Exchange (MSX) have signed a Memorandum of Cooperation (MoC), marking the commencement of a partnership aimed at exploring mutually beneficial opportunities. This collaboration is set to enhance market liquidity and streamline trading mechanisms by facilitating cross-trading of MSX and AIX -listed securities.
Both exchanges are active members of the Tabadul Digital Exchange Hub, an initiative established by the Abu Dhabi Securities Exchange (ADX) to enable bilateral cross-exchange trading. The Tabadul platform connects regional and global markets through a digital exchange network, fostering enhanced cooperation and increasing liquidity across participating markets. Current active members include the Abu Dhabi Securities Exchange (ADX), Muscat Stock Exchange (MSX), Bahrain Bourse (BHB), and Astana International Exchange (AIX).
Additionally, Freedom Finance Global and Halyk Finance from Kazakhstan have joined Tabadul Hub as brokers, with efforts ongoing to onboard more trading participants.
To further strengthen this partnership, the Muscat Clearing and Depositary Company (MCD) and AIX Central Securities Depositary (AIX CSD) have signed a Memorandum of Cooperation to facilitate cross-listings and the settlement of Tabadul trades between MSX and AIX. This agreement also focuses on enhancing settlement and depository services
Assel Mukazhanova, CEO of the AIX, noted:“AIX is committed to developing collaborations with international partners to create an integrated capital market. We are very pleased to deepen our relationship with the Muscat Stock Exchange and explore new opportunities that will bring greater value to our partners and customers.”
Haitham Al-Salmi, CEO of Muscat Stock Exchange, stated:
“We are excited to embark on this journey of collaboration with Astana International Exchange (AIX). The signing of this Memorandum of Cooperation (MoC) reflects our commitment to enhancing the regional capital market landscape and providing our investors with more diversified opportunities. By leveraging the Tabadul Hub platform, we aim to facilitate seamless cross-exchange trading, increase market liquidity, and offer new investment avenues to our stakeholders. This partnership is a significant step towards a more interconnected and robust financial ecosystem in the region, and we look forward to working closely with AIX to achieve these shared goals.
The Tabadul platform will be accessible to investors who have registered with eligible local brokers, provided they meet all criteria set by the receiving exchanges.
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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. www.aifc.kz