The Director of Khartoum Stock Exchange Dr. Azhari Al-Tayib Al-Faki participated in the meetings of the Africa & Middle East Depositories Association (AMEDA), which held in the Kingdom of Bahrain during this week, in the presence of 50 participants represented 22 countries.
The Director General of Muscat for Clearance and Depository Abdallah bin Ahmed bin Suleiman Al-Nabahani explained that his organization is one of the oldest members at AMEDA, which started with six members and its numbers now are over 25 members. He added that the AMEDA meetings became a place for exchanging expertise and knowledge as well as what is going on in the markets.
Al-Nabhani hoped presence of several different schools and markets as the markets of South Africa, Egypt and the Gulf States, where the availability of experiences from which they benefit in how to deal with any new product or has been applied in large markets such as those mentioned. He explained that AMEDA characterized by contribution of all its members in the laws and regulations a matter that facilitates knowledge exchange among them.
The Head of Africa & Middle East Depositories Association Mohammed Abdal-Salam said that hosting of the Kingdom of Bahrain, represented by the Bahrain Stock Exchange, to the meetings of the organization reflected the vital and important role played by the Bahraini Bourse in the association and its numerous activities, especially in the light of development of the stock exchange's services provided to its customers.
The Africa & Middle East Depositories Association was founded in 2005 as a non-profit organization and currently it comprises 37 companies represented by the Central Depository companies and related financial institutions in Africa and the Middle East. The organization aims to be a forum for the exchange of information and experiences among its members and to work on the application of international standards and recommendations and to assist the member companies and to support implementation of the relevant legislations.