Bahrain Bourse assumes AFE presidency

Manama, Apr. 22 (BNA): The 40th Arab Federation of Exchanges (AFE) meeting was held on Tuesday 21st April 2015 with the attendance of a large number of the federation’s member bourses and stock exchanges, where the Chief Executive Officer of Bahrain Bourse Shaikh Khalifa Bin Ebrahim Al Khalifa assumed the federation’s rotating presidency. Officials of Arab bourses and stock exchanges agreed upon the work plan prepared by the Saudi Stock Exchange in cooperation with one of the consultancy firms to develop and regulate the federation's scope of work, that meets the aspirations of the federation's members throughout the five upcoming years, and defines clearly the roles and obligations of the members and their responsibilities, as well as defining the best global professional standards from which the performance of the general secretariat can be measured and evaluated. Throughout the meeting, the recommendations of the executive committee on financial statements & the auditor's report of 2014 were approved, the estimated budget was also approved and the federation's auditor for 2015 was appointed. The meeting also discussed the future plans of the federation which are to be executed throughout the current year, including the meeting dates of the federation's emerging committees, and the workshops and sessions to be organized in relation to the Arab bourses and stock exchanges’ activities.