Seychelles to get Stock Exchange

Posted in Business and Economy, Financial Services, SIBA at 1:24 pm by Robert Klien

This year, the financial system of the Seychelles, which currently is bank-based, is to get a boost as a stock exchange will be opened in the jurisdiction.

Chief executive officer of the Seychelles International Business Authority (SIBA), Steve Fanny, said that SIBA is responsible for setting up the stock exchange and the Seychelles Stock Exchange will start operating in 2011.

Many Seychelles’ companies as well as big hotels will qualify to be listed on the Exchange.

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