The signing ceremony, part of the second UK-Kazakh Intergovernmental Commission meeting attended by Kazakhstan President, Nursultan Nazarbayev, and UK Prime Minister, David Cameron, took place in front of The Rt Hon Lord Maude, British Minister of State for Trade and Investment and Minister Issekeshev, Ministry of Investments and Development, Republic of Kazakhstan.
The MoU outlines several areas for closer collaboration with a particular focus on promoting dual listings of Kazakh companies in Kazakhstan and London, facilitating access to capital for Kazakh companies through London Stock Exchange. Both exchanges will also explore the development of new products and support investor education and awareness programmes in Kazakhstan and the UK.
Nikhil Rathi, CEO, London Stock Exchange plc & Director of International Business Development, said:
“The MoU signed between Kazakhstan Stock Exchange (KASE) and London Stock Exchange Group (LSEG) heralds an exciting new chapter for Kazakhstan’s capital markets and we are delighted to have been chosen to support KASE in its expansion plans.
“With 17 Kazakh companies already listed in London, the agreement holds huge potential for future business opportunities between our two exchanges and reinforces London’s position as the leading market place for global business. It also reflects LSEG’s commitment to an open access approach, supporting KASE, as it delivers on its ambition to become a major regional financial centre.”
The Law Society will closely monitor the developments with special focus on upcoming opportunities around the opening of the regional financial centre.