Sri Lanka and Maldives stock exchanges sign deal for cooperation

The Sri Lanka and Maldives stock exchanges have signed a memorandum of understanding for co-operation in marketing, creating a framework for cross-listings and dual listing of securities, and cross-border regulation of companies.

Colombo Stock Exchange (CSE) Chief Executive Rajeeva Bandaranaike said in a statement that the CSE has shared “cordial and close relations” with its Maldivian counterpart since its inception in 2002.

Maldives Stock Exchange (MSE) Chief Executive Hassan Manik said the MoU “will help both our exchanges to learn from each other’s experiences,”

“In comparison to the CSE the MSE is a very small Exchange, therefore there are many areas in which the CSE can help the MSE to grow and develop,” he was quoted as saying by the Sri Lanka-based EconomyNext financial news service.