The Egyptian Exchange hosted, at its historic headquarters downtown, a large joint meeting gathering the Board of Directors of each of EGX and MCDR. The meeting headed by both Mr. Omar Radwan, EGX Executive Chairman, and Dr. Khaled Serry Seyam, MCDR Chairman, with the attendance of Mr. Mohamed Sabry, EGX Vice Chairman, Mr. Hesham Mabrouk, MCDR Managing Director, besides members of the boards of the two entities. The meeting discussed ways of boosting strategic and operational cooperation between the two sides.
The meeting emphasized the importance of continuous coordination and joint connection, as the two entities are key pillars in the structure of the Egyptian capital market.
The two parties highlighted the importance of deepening the link as well as the operational and technical integration, which directly reflects on developing trading mechanisms and improving quality and efficiency of services provided to all market parties.
In this context, Mr. Omar Radwan, EGX Executive Chairman, emphasized that continuous cooperation and integration with MCDR represents the foundation ensuring our comprehensive strategy to update and develop the infrastructure of the Egyptian financial market. This joint meeting reflects our mutual commitment to unify visions and efforts towards simplifying procedures and updating technological system as well as financial services, aligning with the best global practices, primarily serving the interest of investors and enhancing efficiency and attractiveness of the Egyptian market.
From his side, Dr. Khaled Serry Seyam, MCDR Chairman, said “We are always keen to strengthen institutional partnership with EGX to ensure applicable highest levels of security and effectiveness in central settlement, depository and registry operations. He added that enhancing digital integration and connectivity between us is an essential step to enhance the quality of services provided to market participants, supporting liquidity and transparency levels, and contributing to enhance trust of investment institutions and individual investors in the Egyptian financial market system.
The two parties concluded the meeting by agreeing to continue coordination and cooperation through holding regular meetings and forming joint technical work teams to handle following the strategic initiatives and implementing joint development plans to support the Egyptian financial market.
