MSX High Level Delegation Visits EGX to Discuss Joint Cooperation
23/11/2022
In
a step to enhance joint cooperation with Arab capital markets, Rami El-Dokany, Executive
Chairman of the Egyptian Exchange (EGX), welcomed a delegation from Oman headed
by Mohamed Mahfouz Al-Ardhi, Chairman of the Board of Directors, Haitham Salem
Al-Salmi, Chief Executive Officer, Mrs. Mothly Saleh Al-Shaqsiya, Member of the
Board of Directors of the Oman Stock Exchange and Mrs. Nidhal Mustafa
Al-Humaid, Senior Manager of the Risk and Compliance Department, within the
framework of enhancing joint cooperation between both capital markets.
EGX
celebrated the visit of the Muscat Stock Exchange with a Ringing of Bell
ceremony
Dokkani
welcomed the members of the Muscat Stock Exchange delegation, expressing the strong
relations between both exchanges. The Chairman of EGX welcomed all aspects of
cooperation proposed, especially dual listing, exchange experiences and
information, and technical mechanisms facilitating cooperation and increasing.
Mohamed
Al-Ardhi, Chairman of Muscat Stock Exchange (MSX), praised the level and
strength of relations between both exchangs, which he described as extended through
out decades. He praised the historical
role of EGX in serving the national economy, as well as EGX’s worth standing achievements.
Al-Ardhi explained that the visit seeks to discuss means of cooperation,
especially with the global trends of linking stock exchanges and technical
development that eliminated geographical borders in the world of finance and
investment.
Haitham
Al Salmi, Muscat Stock Exchange CEO, praised the solid bilateral relations
between both exchanges, stating that MSX benefited from EGX experiences throughout
the years and that MSX is working on the continuous exchange of experiences
between both institutions to support their development. He pointing out that
technical cooperation is one of the most important areas of cooperation during
this visit, as well as facilitating the import and export of financial
technologies. He stressed the importance
role played by the authorities and regulatory bodies in the two markets to
enhance investments.
During
this visit the delegation will meet with EGX’s management to discuss
developments in both markets. Other meetings are scheduled with Dr. Mohamed
Farid Saleh, Chairman of the Financial Regulatory Authority (FRA), to discuss
the latest legislative and legal developments. Other meetings are scheduled with
Dr. Hala Al-Saeed, Minister of Planning and Economic Development, Dr. Mohamed
Maait, Minister of Finance, and the Governor of the Central Bank of Egypt.