DFM Organizes Training Program For Employees Of Seven Arab Stock Exchanges And Financial Institutions

Dubai Financial Market (DFM) has organized an extensive training program for a number of employees of Arab stock exchanges and financial institutions, in cooperation with the Arab Federation of Exchanges (AFE). The program is in line with DFM’s commitment to support efforts aimed at further developing the regional capital markets. DFM senior officials have addressed the attendees about DFM’s superb experience in implementing international best practices of capital markets’ infrastructure and regulations. It also included DFM’s numerous innovative and smart services that have been widely welcomed by various market participants.

The 18-member delegation represented seven Arab exchanges and financial institutions namely; Kuwait Exchange, Iraq Stock Exchange, Muscat Securities Market, Muscat Clearing and Depository, Beirut Stock Exchange, Central Bank of Lebanon and Amman Stock Exchange.

The training program included an introduction about DFM and the structure of the capital markets sector in the UAE, DFM’s world-class infrastructure (Operations- Market Surveillance- Brokers Affairs), DFM’s successes in implementing best practices of Clearing, Settlement and Depository (CSD), IPOs and DFM’s efforts to promote the best practices of Investor Relations. The program also included DFM’s paradigm shift in the field of financial services provided to investors and listed companies as well as corporate governance practices in DFM.

Hassan Al Serkal, Chief Operating Officer (COO) and Head of Operations Division said, “DFM is delighted to welcome the delegation from members of Arab Federation of Exchanges and financial institutions. We are always willing to strengthen relationships with the Arab and international exchanges and look for greater co-operation to share knowledge and adopt international best practices. The visit was an opportunity to update the delegates on the key fundamentals of financial markets’ development based on Dubai’s extensive experience as the financial center and gateway to the Middle East markets. At DFM, we are delighted to share knowledge and experiences with Arab capital markets and we hope that this extensive training program provides a new starting point for stronger cooperation amongst Arab exchanges.”