Istanbul Stock Exchange

Istanbul Stock Exchange Becomes a Shareholder of the Kyrgyz Stock Exchange

Within the framework of its efforts to support the development of Central Asian capital markets and stock exchanges, the Istanbul Stock Exchange (ISE) participated in the capital of the Kyrgyz Stock Exchange by 27.4 percent upon its demutualization. The Kyrgyz Stock Exchange had been operating on membership basis since 1995.

According to the Foundation Agreement undersigned by the 17 new shareholders (16 current members, and the ISE) of the Kyrgyz Stock Exchange in the Founders’ Meeting held in Bishkek on May 25, the Kyrgyz Stock Exchange will continue its operations as a closed joint stock company.

Mr. Abdyjapar TAGAEV was elected as the Chairman of the Kyrgyz Stock Exchange, while Mr. Murat BOLAT was elected as Board Member representing the ISE.

As part of the role it plays in the development of Central Asian capital markets, the ISE’s participation in the Kyrgyz Stock Exchange constitutes the first step in the ISE’s continuing and long-time cooperation with all Euro-Asian markets.