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BSE ties up with Egyptian Exchange, signs MoU to build capital market flows

BSE & EGX will build expertise in product development & boost international connectivity

Press Trust of India  |  New Delhi 

The Bombay Stock Exchange (BSE) logo is seen at the BSE building in Mumbai (Photo: Reuters)

Leading bourse on Wednesday joined hands with (EGX) for cooperation in exchange of information across areas.

In a statement, Executive Chairman Mohamed Omran said that the exchange aims to cross list and that would provide new alternatives to in both

The signed a memorandum of understanding (MoU), through which they have created possibilities for a range of opportunities to be studied and explored for the development of their businesses, and and to share knowledge and build on both bourses' strategies to strengthen international connectivity.

"This MoU further complements EGX's strategy to cooperate with global beyond its traditional in Africa, the and and both boost a long history of being in existence and over 100 years," Omran said.

Ashishkumar Chauhan, Managing Director and CEO at BSE, said: "The MoU between and represents a significant step in integrating both the to build capital We are sure that this integration will go a long way in building both our expertise in product development and strengthening international connectivity".

First Published: Wed, July 26 2017. 14:06 IST