Rana Mamdouh _ The Egyptian Exchange held an expanded joint meeting bringing together its board of directors alongside Misr for Central Clearing, Depository and Registry (MCDR), to discuss and review ways to advance strategic and operational cooperation between the two sides.
The meeting was co-chaired by Omar Radwan, Chairman of the Egyptian Exchange, and Dr. Khaled Serry Siam, Chairman of Misr for Clearing, in the presence of Mohamed Sabry, Vice Chairman of the Egyptian Exchange, and Hisham Mabrouk, Managing Director of Misr for Clearing, alongside members of the boards of directors of both institutions.
The meeting emphasized the importance of continuous coordination and joint linkage, stemming from the pivotal role played by both institutions as two fundamental pillars in the structure of the Egyptian capital market.
Both sides stressed the necessity of deepening operational and technical integration and linkage, which directly reflects on developing trading mechanisms and enhancing the quality and efficiency of services provided to all market participants.
In this context, Omar Radwan, Chairman of the Board of Directors of the Egyptian Exchange, affirmed that continuous cooperation and integration with Misr for Clearing represents a core pillar within our comprehensive strategy to modernize and develop the infrastructure of the Egyptian capital market.
He pointed out that this joint meeting translates our mutual commitment to unifying visions and efforts toward simplifying procedures and modernizing the technological system and financial services, in alignment with best international practices, primarily serving the interests of investors and increasing the efficiency and attractiveness of the Egyptian market.
For his part, Dr. Khaled Serry Siam, Chairman of the Board of Directors of Misr for Central Clearing, Depository and Registry, stated: "We are permanently keen to consolidate our institutional partnership with the Egyptian Exchange to ensure the implementation of the highest degrees of security and effectiveness in central clearing, depository, and registry operations."
He continued: Enhancing digital integration and linkage between us is an essential step to elevate the quality of services provided to clients, and support liquidity and transparency levels, thereby boosting the confidence of institutional and retail investors in the Egyptian capital market system.
The two sides concluded the meeting by agreeing to continue coordination and cooperation through holding periodic meetings and forming joint technical working teams tasked with following up on strategic initiatives and implementing joint development plans to support the Egyptian capital market.
