Azerbaijan, Baku, Sept. 29 / Trend N.Ismayilova /
New Listing Rules of the Baku Stock Exchange (BSE) will create an opportunity for local companies wishing to enter the market. The opportunities for attracting financial resources in post-crisis period, Chairman of the Azerbaijani State Security Committee (SSC) Rufat Aslanli said at a conference on presentation the BSE listing regulations coming into power on January 2010.
"For a while the SSC and BSE have estimated potential entrance of the leading local companies to the stock market," Aslanli said. "We conduct dialogues with companies expressing willingness and interest in this."
According to Aslanli, several local companies have showed an interest and readiness to attract capital through the stock market and to conduct certain activities. Companies wishing to participate in this process should meet the requirements of investors, as the effectiveness of management and policy on risk management.
"Today's [Sept.29] conference is devoted to the presentation of listing rules for both market participants and the general public. Companies will be familiarized with the procedures of entrance to the market by these rules and they will receive necessary support," Aslanli said.
Representatives of the London and Istanbul stock exchanges, which have made offers to attract capital from local and international markets also attended the conference.
The International Finance Corporation contributed in the preparation of new listing rules.
