The Arab Federation of Exchanges General Assembly and Board Meetings

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The Arab Federation of Exchanges General Assembly and Board Meetings

 The 40th Session of the Board of the AFE concluded its meetings on the 21st of April 2015 in Manama, Kingdom of Bahrain.

The meeting was attended by the Heads and CEOs members of the AFE from the Arab Exchanges and Clearing companies. The Board discussed a number of points listed on its agenda, including the latest developments in the Arab financial markets.

During the meeting, officials of Arab bourses and stock exchanges agreed upon the work plan prepared by the Saudi Stock Exchange in cooperation with one of the consultancy firms  to develop and regulate the Federation’s scope of work, that meets the aspirations of the Federation’s members throughout the five upcoming years, and defines clearly the roles and obligations of the members and their responsibilities, as well as defining the best global professional standards from which the performance of the Federation can be measured and evaluated.

Throughout the meeting, the recommendations of the Executive Committee on financial statements & the auditor’s report of 2014 were approved.

The meeting also discussed the future plans of the Federation which are to be executed throughout the current year, including the meeting of the Federation’s committees, the AFE annual conference, the workshops and sessions to be organized and the regular reports to be published in relation to the Arab stock Exchanges’ activities.

The AFE presidency was transmitted to Sheikh Khalifa Ebrahim AlKhalifa, the CEO of Bahrain Bourse for the coming mandate.  An appreciation presidential memorial was handed to Mr. Adel Al-Ghamdi, the CEO of Saudi Stock Exchange and the former Chairman of the AFE for his prodigious contribution and support for the AFE during his mandate.

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