Providing custody, data storage and reporting, corporate management and investor services to people in Turkish capital markets Central Registry Agency Inc. (MKK) and the Saudi Arabian Central Securities Depository (Edaa), to promote cooperation in securities and investor services. Memorandum of Understanding announced the signing of the Memorandum of Understanding (MOU).
While the memorandum of understanding signed between the two organizations focuses on central custody services, it also includes emerging technology applications such as electronic voting, data services and blockchain. In this way, it is aimed to provide safer and more effective services in financial markets.
Mehmet Şimşek is going to Saudi Arabia
In the broadcast of Mehmet Şimşek’s visit to Saudi Arabia today, this agreement between the MKK and the Saudi Arabian Central Custody Agency signals that the necessary steps have been taken for the Saudi investor to inject hot money into the Turkish capital markets and that the relations continue in a warm framework.
Minister Şimşek had already stated in a social media account that he was working on finding external resources. Eyes are now on the reaction of foreign investors to the Turkish economy, which is on the eve of returning to ‘rational ground’.
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