NSX Limited and Ajlan & Bros Holding Group Company have entered into an MOU with the purpose of establishing a Second Exchange in Saudia Arabia to be known as the KSA Metals and Mining Exchange. The Core objective is to explore the establishment of a second regulated exchange that allows for trading by participants of financial products including securities, bonds, warrants, exchange traded products, derivatives, and commodities, in the Kingdom of Saudi Arabia. The initial objective is to focus on the financial products associated with Mining issuer securities and Metals (Commodities) exchange. Secondary objectives include expanding the financial products into other areas where licensing permits. The parties will work towards delivering a business plan, agree on a financial model and agree on potential joint venture agreement terms. If the arrangements under the MOU are successful it would be expected that a Joint Venture agreement would be entered into which will be capitalised appropriately to do all things necessary to acquire a Market Operator Licence in the Kingdom of Saudi Arabia, implement rules, procedure, governance, trading, clearing and settlement systems and build connectivity with participants and information vendors. The parties believe that there is an untapped pool of potential issuers and those wishing to trade commodities on the exchange. NSX, via its wholly owned subsidiary, National Stock Exchange of Australia, will provide knowhow in the management of technology, admissions, compliance, and operations of a regulated securities exchange to the joint venture should that eventuate after the MOU exploratory work is complete. Abilitii will provide management, government and market contacts and capitalisation to the joint venture should that eventuate after the MOU exploratory work is complete.