Egyptian Exchange signs an MOU with Misr for Central Clearing, Depository and Registry (MCDR) to Create Unified Database for the Egyptian Capital Market

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Egyptian Exchange signs an MOU with Misr for Central Clearing, Depository and Registry (MCDR) to Create Unified Database for the Egyptian Capital Market

Mr. Mohamed Farid, EGX’s Chairman signed an agreement with Mohamed Abdel Salam, Chairman of MCDR to facilitate exchange of information and data between both parties. The event was celebrated with a ringing of bell ceremony announcing the beginning of trading on Monday 25th of June 2018.  Both parties aim through this step to complement the efforts to raising the efficiency and competitiveness of the financial market in Egypt.

Mr. Farid said that this cooperation comes within the framework of fruitful and constructive cooperation between EGX and MCDR to improve the investment climate in Egypt. “Through sharing information and data electronically we aim to simplify and facilitate actions to investors”.  He said that this memorandum includes 3 main axes namely; creating an integrating database, raising awareness to listed companies at MCDR of the benefits of listing in EGX and finally, development of the skills of both entities calibers.
 

 
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