Erbil Stock Exchange (ESX) was established as a joined stock company between Kurdistan Regional Government, private companies and individual investors. It is expected to operate by the end of 2014.
By operating the region’s most efficient and well-regulated securities market, the ESX vision is to represent and amplify the collective energies of our companies, which will include many of the most vibrant, creative and successful companies in the region. ESX listed companies will range from household names to many of the less well-known companies aspiring to be the household names of tomorrow. At the same time, the very thought of ESX will help to energize untold numbers of entrepreneurs and private businesses in our region that dream of going public one day.
ESX’s mission is to serve as a stimulus for innovation and economic growth. Through the creation of new financial intermediaries, ESX will initiate the shift from a bank centric to stock market centric environment, and provide the region’s businesses with new ways of acquiring capital financing to support growth and expansion improve corporate governance practices and increase jobs. ESX’s mission is to enable the investors to diversify their savings from low yielding savings accounts to productive investments