The Arab Federation of Capital Markets was established in June 1978 to be the guiding body for the Arab stock exchanges, under the recommendation of the Arab Central Banks Conference, held under the auspices of the General Secretariat of the League of Arab States in the Hashemite Kingdom of Jordan. The headquarters of the Arab Federation of Capital Markets is located in Beirut, Lebanon.
The AFCM is the Arab industry group for 17 exchanges and 3 Clearing houses (CSD’s), and multiple of affiliate members (financial institutions, brokerage firms) from all around the Arab regions (GCC, Levant and Arab African countries). The Federation was set up to contribute to the “development of regulations and promoting harmonized and proactive legislations, and exchanging viewpoints and providing opportunities for cooperation among members”.
AFCM has 4 different permanent committees: Financial Institutions committee, Fintech & Innovation committee, Business Development Committee, Sustainability Committee.