TIF Leadership Met with Baku Stock Exchange

The leadership of the Turkic Investment Fund (TIF), led by General Director Mr. Ramil Babayev, held a meeting with Mr. Ruslan Khalilov, Chairman of the Management Board of the Baku Stock Exchange (BSE) on the sidelines of Islamic Development Bank Annual Meetings in Baku, Azerbaijan.

The TIF delegation was accompanied by Ms. Betül Sarıkaya, Chief Financial Officer; Mr. Sanjar Usmanov, Chief Investment Officer; and Mr. Mehmet Esat Mert, Director of International Relations, Capital Mobilization and Treasury. The BSE delegation included Mr. Ogtay Gasimov, Deputy CEO/Chief Commercial Officer; Mr. Emil Babayev, Advisor to the Chairman; and Mr. Farid Abbaszade, Trading Supervisor. 

Both institutions provided an overview of their respective activities, priorities, and ongoing initiatives. Discussions focused on the continued development of Azerbaijan’s capital markets and evolving market opportunities. The parties also exchanged views on potential opportunities that could contribute to further market development and investor engagement.

The BSE representatives shared perspectives on recent developments in the local capital market ecosystem, including the participation of international financial institutions and the growing range of financing instruments available to market participants. 

TIF highlighted its commitment to supporting capital market development and expanding access to diversified sources of financing across its member countries.

The meeting was held in a constructive atmosphere, and the parties agreed to maintain dialogue and explore potential areas of cooperation going forward.