06 Nov, 2014NASDAQ Dubai and MCDR sign collaboration agreement to support dual listings by Egyptian companies

NASDAQ Dubai and Misr for Central Clearing,Depository and Registry (MCDR) today signed a collaboration agreement toestablish technical links, which would benefit companies wishing to dual listtheir shares on the Egyptian Exchange and NASDAQ Dubai.

The accord signed in Dubai aims to createoperational connections that will support seamless trading of securities onboth stock markets. MCDR and NASDAQ Dubai also intend under the agreement topromote broad capital markets cooperation between the UAE and Egypt.

Mohamed SolimanAbdel Salam, Chairman and Managing Director of MCDR, said: This is an excitingdevelopment for Egyptian companies that have, or will have, a listing on theEgyptian Exchange and seek greater access to investors around the world throughNASDAQ Dubai. As an international exchange, NASDAQ Dubai can provide businesseswith unmatched global visibility and reach to underpin their expansion in theMiddle East and beyond.

MCDR is the sole provider of clearing andsettlement services for the Egyptian Exchange. NASDAQ Dubai provides similarservices for trading on its own market and has close ties to internationalcentral securities depositaries.

Abdul Wahed Al Fahim, Chairman of NASDAQDubai, said: Our accord with MCDR is a critical step in strengthening capitalmarkets links in the region for the benefit of companies, investors and thewider economy. NASDAQ Dubai can provide Middle East issuers with all thebenefits of the investor links provided by a major international exchange,together with close ties to regional investors.

Hamed Ali, Chief Executive of NASDAQ Dubai,said: Egypt is home to many first class companies that are well placed to takeadvantage of the international springboard that NASDAQ Dubai provides. We willbuild on our positive relationship with MCDR to create many new links with Egyptianbusinesses and capital markets participants."

About NASDAQ Dubai

The majority shareholder of NASDAQDubai is Dubai Financial Market with a two-thirds stake. Borse Dubai ownsone third of the shares. The regulator of NASDAQ Dubai is the Dubai FinancialServices Authority (DFSA). NASDAQ Dubai is located in the Dubai InternationalFinancial Centre (DIFC).