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About AFE (The Organizer)
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.
Mr. Nader Azar, the Chief Executive Officer of the Amman Stock Exchange is the Chairman of the AFE for the current exercise.
Dr. Fadi Khalaf is the Secretary General of the AFE, former President of the Beirut Stock Exchange.
The AFE issues quarterly and annual reports along with studies and surveys reflecting the official figures of its members and published on the AFE website and disseminated through regional and international financial platforms.
The Arab Federation of Exchanges regroups the 18 Arab Regulated Exchanges, 4 Clearing Settlement and Depository Companies (CSDs) and several Financial Services Institutions as Affiliated Members covering the GCC, Levant and North Africa regions.

The AFE website www.arab-exchanges.org

Members of the Arab Federation of 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
  • Boursa Kuwait 
  • Libyan Stock Market
  • Muscat Securities Market
  • Palestine Exchange
  • Qatar Stock Exchange
  • Saudi Stock Exchange (Tadawul)
  • Tunis Stock Exchange
Clearing Settlement and Depository Companies (CSDs):
  • Kuwait Clearing Company K.S.C.
  • Maroclear (CSD Morocco)
  • Misr for Clearing, Depository & Registry (M.C.D.R)
  • Muscat Clearing & Depository (S.A.O.C) 
Financial Services Institutions (Affiliated Members of the AFE):
  • Abu Dhabi Islamic Bank Securities (ADIB Securities)
  • Ahli Brokerage
  • Al Amal Financial Investments
  • Al Bilad Capital
  • Al Jazira Capital
  • Al Karmal Brokerage
  • Al-Tijari Financial Brokerage Company
  • Al-Waseet Financial Business Co.
  • Arqaam Capital
  • Association of Stock Exchange Brokers
  • Bank Audi
  • Bank of Beirut
  • Bayan Financial Investment Company
  • Commercial International Brokerage Company (CIBC)
  • Credit Libanais
  • Dam Financial Investment Co. Ltd
  • Derayah Financial Company
  • Dlala Brokerage
  • Dlala Islamic
  • EFG-Hermes
  • Gulf Investments Group
  • Islamic Financial Securities Co.
  • Jordan Investment Trust P.L.C (Jordinvest)
  • Mahfaza National Portfolio Securities
  • Menacorp
  • Mubasher Trade
  • National Bank of Abu Dhabi Securities (NBAD Securities)
  • NCB Capital
  • Qatar Securities Co.
  • QNB Financial Services
  • Rabee Securities
  • Sanabel for Financial Securities