[ad_1]
Misr Central Clearing, Depository, and Registry signed a memorandum of understanding (MoU) with the Saudi Securities Clearing Centre (Muqassa) to bolster relations and improve financial cooperation between the 2 international locations.
The settlement goals to foster the change of experiences and data within the area of securities clearing to provide you with a extra dependable bundle of companies.
Khaled Rashid — Managing Director of Misr Clearing — stated that the settlement got here out of the corporate’s keenness to develop its position in selling funding and activating financial relations within the area of securities by adopting a set of enlargement insurance policies that goal to extend and lift the effectivity of cooperation between Egypt and the remainder of the Arab world to boost financial cooperation.
Rashid additionally expressed his happiness to signal an settlement with one of many largest Arab clearing corporations within the area because of the measurement of the Saudi market having an impression on the Arab and worldwide inventory market.
For his half, CEO of Muqassa Wael bin Abdullah Al-Hazani stated: “We welcome the settlement with Misr Central Clearing, Depository and Registry, which falls inside the framework of our steady efforts to develop monetary markets within the area and improve its attractiveness.”
“Based mostly on our pivotal position within the Saudi market — which is among the largest monetary markets on this planet — we’re happy to discover alternatives for cooperation and change of knowledge and abilities on a regional scale with the goal of stimulating extra dependable and efficient clearing companies consistent with the practices adopted in probably the most superior monetary markets world wide,” he added.
[ad_2]
Source link
