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 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:
Abu Dhabi Securities Exchange
Amman Stock Exchange
Beirut Stock Exchange
Casablanca Stock Exchange
Damascus Securities Exchange
Dubai Financial Market
Erbil Stock Exchange
Iraq Stock Exchange
Khartoum Stock Exchange
Kuwait Stock Exchange
Libyan Stock Market
Muscat Securities Market
Qatar Stock Exchange
Saudi Stock Exchange (Tadawul)
Tunis Stock Exchange
Clearing Settlement and Depository Companies:
Kuwait Clearing Company
Misr for Clearing, Depository & Registry
Muscat Clearing & Depository
Brokerage Firms (Affiliated Members):
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
National Bank of Abu Dhabi Securities (NBAD Securities)
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.
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs approximately 60,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, go to http://thomsonreuters.com.