A Delegation from Bahrain Bourse Visits the Egyptian Exchange and other Capital Market Institutions
Shaikh Khalifa expressed his pleasure for the outcome of the meetings during the visit, and hoped that it will reflect positively on all the parties related to the activity of both exchanges during the upcoming period. “This visit will strengthen the relationship between the components of the capital market sectors in both countries, and is considered a unique visit because it follows the success of the Republic of Egypt in organizing the economic forum that was able to attract a lot of investments,” Shaikh Khalifa said.
During the visit, Shaikh Khalifa met the Chairman and Chief Executive Officer of the Egyptian Exchange, Dr. Moh’d Omran and a number of officials at the Exchange to discuss areas of mutual cooperation, especially those related to the cross-listing of listed companies and mechanism and channels of exchanging experience and information, along with the legal and technical mechanisms that would facilitate those procedures in order to attract investments in both exchanges and lead to their prosperity.
Shaikh Khalifa also met the Chairman of the Egyptian Financial Supervisory Authority, Dr. Sherif Samy to discuss the legislative and legal developments in the capital markets sector in both countries. Shaikh Khalifa and Dr. Samy looked into the means of benefiting from such developments in order to raise the competitive capability of the sectors in Bahrain and Egypt and increase their contribution to the economic development plans, infrastructural projects and enhance their competitiveness to attract local and foreign investments in this vital sector.
In addition, Shaikh Khalifa met Mr. Maher Ashem, the Managing Director of Egypt for Information Dissemination and other officials from the company, where they made a presentation of the services they provide to their clients and the technology used to receive information and send it to beneficiaries.
During a meeting between Sh. Khalifa and Mr. Moh’d Abdulsalam, Chairman and Managing Director of Misr Central Depository, the technical aspects that should be taking in consideration when cross-listing were discussed. Shaikh Khalifa also presented to the officials of Misr Central Depository Bahrain’s experience in activating the debt market, including the government sukuk. The officials expressed their interest on this experience and looked into the possibility of benefiting from it in the future.
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