27 January 2016

Developments relating to new Mauritius International Stock Exchange

Government has taken note of developments in the setting up of a new Mauritius International Stock Exchange, in collaboration with Nasdaq Dubai.

Following the meeting that the Minister of Financial Services, Good Governance and Institutional Reforms had with the CEO of Nasdaq Dubai, it has been agreed that Nasdaq Dubai would participate in equity of the Stock Exchange of Mauritius and that the Stock Exchange of Mauritius would be rebranded as Mauritius International Stock Exchange.

It has also been agreed that Nasdaq Dubai would introduce Sukuk (Islamic Bonds) products trading to the new Mauritius International Stock Exchange and the first derivative product offering will be currency derivatives for African currencies being hedged and settled in USD.

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