Arab Federation of Capital Markets

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Arab Federation of Exchanges (AFE)

The Arab Federation of Exchanges (AFE) was established in June 1978 by the League of Arab States. The Arab Federation of Exchanges is the official Regional Federation representing the Arab Exchanges and works in close cooperation with the World Federation of Exchanges (WFE) and the Federation of Euro-Asian Stock Exchanges (FEAS).
The Mission of the Arab Federation of Exchanges is to create a transparent and developed environment for the Arab Capital Markets, to reduce the barriers of securities trading across the countries, to enhance the communication among its members and to coordinate their activities with the Regional and International partners.
The Headquarter of the Arab Federation of Exchanges is located in Beirut, Lebanon.
Mr. Mohamed Farid, the Chairman of the Egyptian Exchange is the Chairman of the AFE for the current exercise.
Mr. Rami El Dokany is the Secretary General of the AFE, former Co-founder & CEO of Pride Capital.
The AFE issues quarterly and annual reports along with studies and surveys reflecting the official figures of its members and published on the AFE website.
The Arab Federation of Exchanges regroups the 16 Arab Regulated Exchanges, 4 Clearing Settlement and Depository Companies and several Financial Services Institutions as Affiliated Members covering the GCC, Levant and North Africa regions.

Members of the Arab Federation of Exchanges:
• Exchanges:
- Abu Dhabi Securities Exchange
- Amman Stock Exchange
- Bahrain Bourse
- Beirut Stock Exchange
- Casablanca Stock Exchange
- Damascus Securities Exchange
- Dubai Financial Market
- Egyptian Exchange
- Iraq Stock Exchange
- Khartoum Stock Exchange
- Boursa Kuwait
- Muscat Securities Market
- Palestine Exchange
- Qatar Stock Exchange
- Saudi Stock Exchange (Tadawul)
- Tunis Stock Exchange

• Clearing Settlement and Depository Companies (CSDs):
- Kuwait Clearing Company
- MAROCLEAR - The Central Clearing of Morocco
- Misr for Clearing, Depository & Registry (MCDR)
- Muscat Clearing & Depository