Egyptian Exchange activates Tunisian Exchange MoU
05-02-2019 13:03:54 | by: Pie Kamau | hits: 3736 | Tags:

The Egyptian Exchange (EGX) has started activating the Memorandum of Understanding (MoU) with Tunisian Stock Exchange in preparation for the 17th Joint High Committee Meetings which will be hosted by Tunisia in the first quarter of 2019.

Over the past two days, EGX has received a delegation of the Tunisian capital market leaders including Salih Al Sayel, Chairman of the Tunisian Capital Market Authority, Bilal Sahnoun, General Manager of the Tunisian Stock Exchange, Maher El Zouwari, General Manager of the Tunisian Clearing and Dalanda Bio, Head of the Tunisian brokers association.

The Tunisian delegation met the capital market parties from EGX, Misr for Central Clearing, Depository and Registry (MCDR) and representatives of a number of the Egyptian brokerage companies.

EGX leaders and the representatives of different sectors reviewed during 5 workshops the performance developments, the executed development plans and the future targets to discuss the possibility of cooperation and exchanging experiences between the two exchanges.

With this regard, Mohammad Farid, EGX Chairman, said that activating the joint agreement came as per EGX keenness to enhance the mutual cooperation and exchanging experiences among the regional markets and to strengthen capital markets’ role in supporting the economic and social development plans between the two countries to promote economic growth, therefore providing more jobs to improve the living conditions.