Date: 12/04/2006

The Jordan Securities Depository Center (SDC) concluded two securities deposit agreements in Amman. The first was signed with the Abu Dhabi Securities Market and the second with the Dubai Financial Market. These agreements come under the framework of the MOU reached between the Jordanian Securities Commission and the UAE Securities and Commodities Authority. Amman Stock Exchange also signed two dual listing agreements with the above mentioned markets.

These agreements aim to increase the cooperation level between the three parties in implementation of the directives of His Majesty King Abdullah II to strengthen areas of cooperation with other markets and have been concluded to fulfill the aims of the parties to strengthen bilateral relations and establish closer cooperation ties between them for their own benefit since each party wishes to deposit Arabian and foreign securities to enhance its role on the regional level.
The agreements contain provisions that specify the rights and duties of each party; in addition to all organizational and procedural matters. They will enable each party to work within the legislative framework applied in his own country by applying the by-laws and regulations in respect of all securities deposited with that party.

The concluded agreements organize the mechanisms of deposit and transfer of securities registered with one party to the other party, the method of transferring information between them and monitoring and supervision of common issues; in addition to the protection of the rights of securities’ owners that each party undertakes its registration, safekeeping and all other organizational matters on behalf of the other party.

In closing, the SDC is working to establish the necessary technical environment to implement the agreement within measures that aim to guarantee accuracy and speed to protect the rights of the owners of securities listed in the markets.