The Iraqi Securities Commission signed with its Jordanian counterpart a memorandum of understanding aimed at strengthening joint economic cooperation between the two sides in the field of organizing and developing the capital markets in the two brotherly countries.

The memorandum was signed by the Chairman of the Iraqi Securities Commission, Dr. Alaa Abdel-Hussein Al-Saedi, in the presence of the delegation accompanying the Chairman of the Commission, a representative of the Iraqi ambassador in Amman and the Chairman of the Jordanian Securities Commission, Mr. Muhammad Saleh Al-Hourani, members of the Board of Commissioners of the Jordan Securities Commission and its Executive Director and Chairman of the Board of Directors of the Amman Stock Exchange. And the Chairman of the Board of Directors of the Jordan Securities Depository Center, and the executives of the Stock Exchange and the Center.

The memorandum focuses on cooperation and exchange of experiences with the aim of developing the frameworks that regulate the work of the bodies subject to the control of the two parties and the application of international standards regarding the issuance and listing of securities and the full and accurate disclosure of information necessary for investors within the deadlines specified in legislation and the implementation of laws and assistance in detecting and taking measures against any illegal practices in the financial markets.