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Kuwait, 12 May 2014 - The Capital Markets Authority headed the eighth meeting of the Union of Arab Securities Authorities, which was held in Marrakesh on Thursday 8 May 2014 - Kingdom of Morocco with the participation of the Union country members’ delegates. The Authority’s delegation was headed by Dr. Mahdy Al-Jazzaf - Vic Chairman of the CMA Board of Commissioners, and with the participation of Mr. Mashaal Al-Usaimi - member of the CMA Board of Commissioners, Mr. Moayed Adnan Al-Shakhs - Director of the CMA Chairman’s Office, Mr. Khalid Faisal Al-Ghais - Director of the International Relations Office. Kuwait, represented by the Capital Markets Authority, headed the Union in this meeting.
The session commenced with a speech given by Mr. Haasan Bolqndal - Head of the Movable Property Council in the Kingdom of Morocco in the hosting country, and followed by the Head of the Union’s speech; Mr. Mahdy Al-Jazzaf - Vic Chairman of the CMA Board of Commissioners, and then a speech delivered by Dr. Jalil Tareef - Secretary General of the Union of Arab Securities Authorities. At the end of the opening session, Kuwait was honored for chairing the previous union's meeting in 2013-2014 as an appreciation to the role it played during that time, and transferring the tasks of the Chairmanship to Kingdom of Morocco for the coming meeting. The Presidents of Capital Markets Authorities, members of the Union, which included Kingdom of Morocco, Hashemite Kingdom of the Jordan, United Arab Emirates, State Of Kuwait, People's Democratic Republic of Algeria, the Tunisian Republic, the Kingdom of Saudi Arabia , the Syrian Arab Republic, the Republic of Iraq, the Sultanate of Oman, Palestine, Qatar, the Lebanese Republic, the State of Libya, the Arab Republic of Egypt, in addition to the Union of Arab Securities Authorities as a supervisory member.
The agenda of the Union Board’s meeting included the endorsement of the annual report of the union for the year 2013, it reviewed the achievements pursuant to the action plan and the program of the General Union of 2013, and perused the study of dealing with the parties related to the Arabic Capital Markets, the investments awareness and education report. It also endorsed the recommendations provided for this study, and agreed on the next Union Board's meeting which was decided to be held in Algeria.
On the sidelines of the meeting, a seminar entitled (Reality and Scope of Communication and Integration among the Arabic Financial Markets) was held.
It is worth mentioning that Kuwait hosted the seventh meeting of the Union Board in February 2013, where the chairmanship of the Union was transferred from Qatar to Kuwait.
The Arabic securities Authority is a nonprofit organization with an independent corporate personality. It was established in 2007, and its headquarters is in the United Arab Emirates.
Title: Capital Markets Authority Delegation Participates in the Union of Arab Securities Authorities’ Eighth Meeting in the Kingdom of Morocco
Date Publish
12 May 2014
Kuwait, 12 May 2014 - The Capital Markets Authority headed the eighth meeting of the Union of Arab Securities Authorities, which was held in Marrakesh on Thursday 8 May 2014 - Kingdom of Morocco with the participation of the Union country members’ delegates. The Authority’s delegation was headed by Dr. Mahdy Al-Jazzaf - Vic Chairman of the CMA Board of Commissioners, and with the participation of Mr. Mashaal Al-Usaimi - member of the CMA Board of Commissioners, Mr. Moayed Adnan Al-Shakhs - Director of the CMA Chairman’s Office, Mr. Khalid Faisal Al-Ghais - Director of the International Relations Office. Kuwait, represented by the Capital Markets Authority, headed the Union in this meeting.
The session commenced with a speech given by Mr. Haasan Bolqndal - Head of the Movable Property Council in the Kingdom of Morocco in the hosting country, and followed by the Head of the Union’s speech; Mr. Mahdy Al-Jazzaf - Vic Chairman of the CMA Board of Commissioners, and then a speech delivered by Dr. Jalil Tareef - Secretary General of the Union of Arab Securities Authorities. At the end of the opening session, Kuwait was honored for chairing the previous union's meeting in 2013-2014 as an appreciation to the role it played during that time, and transferring the tasks of the Chairmanship to Kingdom of Morocco for the coming meeting. The Presidents of Capital Markets Authorities, members of the Union, which included Kingdom of Morocco, Hashemite Kingdom of the Jordan, United Arab Emirates, State Of Kuwait, People's Democratic Republic of Algeria, the Tunisian Republic, the Kingdom of Saudi Arabia , the Syrian Arab Republic, the Republic of Iraq, the Sultanate of Oman, Palestine, Qatar, the Lebanese Republic, the State of Libya, the Arab Republic of Egypt, in addition to the Union of Arab Securities Authorities as a supervisory member.
The agenda of the Union Board’s meeting included the endorsement of the annual report of the union for the year 2013, it reviewed the achievements pursuant to the action plan and the program of the General Union of 2013, and perused the study of dealing with the parties related to the Arabic Capital Markets, the investments awareness and education report. It also endorsed the recommendations provided for this study, and agreed on the next Union Board's meeting which was decided to be held in Algeria.
On the sidelines of the meeting, a seminar entitled (Reality and Scope of Communication and Integration among the Arabic Financial Markets) was held.
It is worth mentioning that Kuwait hosted the seventh meeting of the Union Board in February 2013, where the chairmanship of the Union was transferred from Qatar to Kuwait.
The Arabic securities Authority is a nonprofit organization with an independent corporate personality. It was established in 2007, and its headquarters is in the United Arab Emirates.
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