Mr. Rashid bin Ali Al Mansoori, CEO of Qatar Exchange, highlighted QE’s support to the efforts made by the General Secretariat of the Arab Federation of Exchanges (AFE) aiming at promoting joint efforts of the Arab exchanges and financial institutions and thus contributing to support the Arab economies.
Upon arrival to Tunisia to participate in the meetings of the AFE’s Council and General Secretariat at its thirty-eighth session, which will be held for three days in the presence of the directors of the Arab stock exchanges and representatives of various clearing firms and financial services’ companies, Mr. Al Mansoori stated that Qatar Exchange is keen to have effective participation in all AFE’s activities in order to achieve fruitful cooperation between the member stock exchanges for the best interest of all of them.
The conference today will focus on the preparatory gatherings and the Executive Committee meeting, which will discuss some agenda items of the ordinary Annual Meeting of the AFE’s Council and submit its recommendations to the Council.
The AFE’s Annual Meeting program will begin tomorrow morning and include a welcome speech by the Chairman of Tunis Stock Exchange Mr. Mohammed Fadhel ABDELKEFI, followed by the speech of Mr. Ahmed Saleh Al Marhoon, Director General of the Muscat Securities Market and President of the AFE for the ended session. After that, Mr. Hüseyin Erkan, CEO of the World federation of Exchanges (WFE) will give a lecture entitled: "What type of exchanges is suitable for SMEs?”. This will be followed by a lecture on implementing governance principles in stock exchanges by Thomas Krantz, the Senior Advisor - Capital Markets at Thomas Murray and the former Secretary General of the World Federation of Exchanges.
The Annual Ordinary Meeting of the AFE Council will begin tomorrow afternoon and the Council will discuss a number of topics on its agenda, including listening to the report of the Chairman of the Executive Committee on what has been achieved during the ended session, ratifying the financial statements and reports for the fiscal year 2012, listening to the General Secretariat proposals on the AFE’s action plans and programs for the next session, and discussing a proposal by the Egyptian Exchange to amend the AFE’s articles of association.
The Annual Meeting will also approve the transition of the AFE’s presidency from Muscat Securities Market to Tunisia, the host country.
