KCSD opens FAB custody account for direct access to six Middle East markets
Updated
Updated · Astana Times · May 6
KCSD opens FAB custody account for direct access to six Middle East markets
4 articles · Updated · Astana Times · May 6
The link covers exchanges in the UAE, Saudi Arabia, Oman, Kuwait, Bahrain and Egypt, with the move announced on 30 April.
It lets Kazakh investors settle trades and hold regional securities directly, cutting intermediary costs and delays while opening access to equities, bonds, sukuk and ETFs.
Transactions will settle on a T+1 basis and support currencies including the dirham, riyal and dinar, as Kazakhstan seeks to become a regional financial and settlement hub.
With rapid T+1 settlement and digital reforms, is Kazakhstan’s financial system ready to protect retail investors venturing into complex cross-border markets?
Could Kazakhstan’s direct access to Middle Eastern markets expose investors to new risks amid regional volatility, or will it unlock untapped opportunities?