Wael AlHazzani is the CEO of the Saudi Securities Clearing Center (Muqassa) since its establishment in 2018 as being the first and only Central Counterparty Clearinghouse in the Kingdom of Saudi Arabia. He has been leading the post trade program which aims to overhaul and modernize the post trade infrastructure of Saudi Financial Market since 2014. The important milestones of the program include spinning of the Saudi Security Depository Center Company (Edaa) from the Exchange (Tadawul), establishment of the CCP, replace technology infrastructure as well as enhancing regulatory framework to accommodate all the changes aligned with international best practices. Wael carries a wealth of knowledge in the capital markets. He was involved in various capital market initiatives both in local and regional level. He is also serving as a board member of the Saudi Security Depository Center Company (Edaa). Wael holds an MBA from King Saud University.
July 30, 2021