Tunisian exchange in tie-up with Dubai

The Bourse de Tunis has agreed to explore a collaboration with Nasdaq Dubai that may include listings on the two exchanges.

The partners will also discuss how to promote Islamic finance while supporting links between central securities depositories in each jurisdiction.

“This landmark agreement promotes close cooperation between the exchanges for the benefit of issuers, investors and brokers in Tunisia, the UAE and the wider MENA region,” said Bilel Sahnoun, chief executive of Bourse de Tunis.

There are 80 companies listed on the Bourse de Tunis with a combined market value of $9 billion.

The memorandum of understanding was signed in Tunis by Sahnoun and Hamed Ali, chief executive of Nasdaq Dubai.

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