Sunday 07 / September / 2025
Astana: The Sultanate of Oman and the Republic of Kazakhstan signed a memorandum of understanding (MoU) to enhance cooperation in the field of financial regulation, exchange expertise, and develop financial market infrastructure.
The MoU was signed on the sidelines of the Astana Financial Conference, held in the Kazakh capital, Astana, with the participation of regulatory authorities, policymakers, and financial leaders to discuss the future of capital markets.
The memorandum was signed on the Omani side by Abdullah bin Salem Al Salmi, CEO of the Financial Services Authority (FSA), and on the Kazakh side by Madina Abylkasimova, Head of the Agency for Financial Market Regulation and Development of the Republic of Kazakhstan.
Under the MoU, the two sides will cooperate to support and enable the ‘Tabadul’ platform, a regional initiative aimed at connecting stock exchanges, facilitating cross-market trading, and enabling cross-border trading. The platform is expected to contribute to enhancing liquidity in stock exchanges, attracting more international investors, and promoting regional integration in line with agreed-upon regulatory frameworks.
The terms of the MoU also include the exchange of regulatory expertise, organising expert visits, exchanging research and publications related to the sectors supervised by each party, and cooperation in capacity building and human resource development to enhance the legal and regulatory frameworks in both the Sultanate of Oman and the Republic of Kazakhstan. The MoU also focuses on the areas of innovation and financial technology, and highlights joint initiatives in the field of financial education and promoting financial inclusion.
The signing of the memorandum stems from the close relations between the Sultanate of Oman and the Republic of Kazakhstan, which are based on mutual respect, economic cooperation, and cultural exchange. These relations have been strengthened over the years through high-level visits, trade delegations, and joint initiatives in sectors such as energy, logistics, investment, education, and tourism.
It is noteworthy that in 2023, the Financial Services Authority signed a Memorandum of Understanding with the Astana Financial Services Authority in the Republic of Kazakhstan.
