GBSA signs Memorandum of Understanding with ACT

The Gulf Bond and Sukuk Association (GBSA) and the Association of Corporate Treasurers (ACT) have signed a Memorandum of Understanding (MoU) to work together on initiatives aimed at improving the practice of treasury management and developing fixed income markets.

The agreement was formalized by Michael Grifferty, President of GBSA and Peter Matza, Engagement Director for ACT.

The memorandum envisages cooperation in joint activities including policy advocacy, events and publications and will provide for reciprocal advantages to members of both associations.

Both organizations strive to promote best practices and share the goal of attaining wider and deeper markets that can ensure companies in the region have access to the fullest range of financing options.

Michael Grifferty said, “GBSA is pleased to sign this MoU with ACT, as it recognizes our valuable and growing collaboration”. He continued, “The impressive resources we are making available to each other will strengthen our respective abilities to serve our members interests.”

Peter Matza said, “the ACT Middle East is a growing network of finance and treasury professionals that is raising the profile of corporate treasury across the Middle East. With GBSA we intend to engage with the regulatory, legislative and business communities to further enhance economic growth and good business practice.”