About the organizers

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.
www.arab-exchanges.org

The Arab Federation of Exchanges regroups the 18 Arab Regulated Exchanges, 4 Clearing Settlement and Depository Companies and several financial institutions as affiliated members covering the GCC, Levant and North Africa regions. Our members are responsible for the functioning of key components in the Arab financial world.

The Market Capitalization of the Arab Federation of Exchanges’ (AFE) members at the end of 2014 reached 1,179,440.964 Million USD with a total Value of Shares Traded of 899,471.993 Million USD. In 2014, the total number of listed companies in our Exchanges members was 1,579 companies.

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
  • Erbil Stock Exchange
  • Iraq Stock Exchange
  • Khartoum Stock Exchange
  • Kuwait Stock Exchange
  • Libyan Stock Market
  • Muscat Securities Market
  • Palestine Exchange
  • Qatar Stock Exchange
  • Saudi Stock Exchange (Tadawul)
  • Tunis Stock Exchange
  • Clearing Settlement and Depository Companies:
  • Kuwait Clearing Company
  • MAROCLEAR
  • Misr for Clearing, Depository & Registry
  • Muscat Clearing & Depository
  • Brokerage Firms (Affiliated Members):
  • ADIB Securities
  • Arqaam Capital
  • Association of Stock Exchange Brokers
  • Bank Audi sal
  • Bank of Beirut
  • BLOMINVEST Bank sal
  • Credit Financier Invest sal
  • Credit Libanais sal
  • International Financial Advisors K.S.C.C
  • MENACORP Financial Services L.L.C
  • Mubasher Trade
  • National Bank of Abu Dhabi Securities (NBAD Securities)
  • Union Securities Brokerage

Bahrain Bourse

Bahrain Bourse (BHB) was established as a shareholding company in 2010 to replace Bahrain Stock Exchange that was established in 1987. BHB is a self-regulated organization (SRO) licensed by the Central Bank of Bahrain (CBB). Officially, organized trading in the Bahraini stock market commenced in 1989, and it included financial instruments such as equities, bonds/sukuk, and mutual funds.

Trading at Bahrain Bourse takes place through an Automated Trading System, in which the trading session begins at 9.30 am and ends at 1.00 pm, with a 15 minutes pre-opening period from 9.15 – 9.30 am. Transactions are settled at BHB in two working days (T+2) at the trading floor.

There are 47 companies listed on the exchange, 21 mutual funds, and 8 bonds/sukuk. The three indices tracking the market’s performance are the Bahrain All Share Index, the Esterad Index (which consists of a basket of selected local-publicly listed companies), and the Dow Jones Bahrain Index.

BHB has joined several regional and international organizations such as the World Federation of Exchanges (WFE), Arab Federation of Exchanges, Federation of Euro-Asian Stock Exchanges "FEAS", Africa & Middle East Depositories Association "AMEDA", and Association of National Numbering Agencies "ANNA".

The Laws of the Kingdom of Bahrain allow foreigner investors to own up to 100% of shares of local listed companies. There are no taxes on investment in securities nor on capital gains generated from trading on shares.

For more information, please visit BHB website: www.bahrainbourse.com


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