Nasdaq Dubai and MCDR collaborate
Nasdaq Dubai and Misr for Central Clearing, Depository and Registry (MCDR) have signed a collaboration agreement to establish technical links.
The agreement signed in Dubai aims to create operational connections that will support trading of securities on both the Egyptian Exchange and Nasdaq Dubai. It also promotes broader capital markets cooperation between the UAE and Egypt.
“This is an exciting development for Egyptian companies that have, or will have, a listing on the Egyptian Exchange and seek greater access to investors around the world through Nasdaq Dubai,” said Mohamed Soliman Abdel Salam, Chairman and Managing Director of MCDR.
“As an international exchange, Nasdaq Dubai can provide businesses with unmatched global visibility and reach to underpin their expansion in the Middle East and beyond.”
“Egypt is home to many first class companies that are well placed to take advantage of the international springboard that Nasdaq Dubai provides. We will build on our positive relationship with MCDR to create many new links with Egyptian businesses and capital markets participants,” said Hamed Ali, CEO of Nasdaq Dubai.
“Our accord with MCDR is a critical step in strengthening capital markets links in the region for the benefit of companies, investors and the wider economy,” said Abdul Wahed Al Fahim, chairman of Nasdaq Dubai.
MCDR is the sole provider of clearing and settlement services for the Egyptian Exchange.
Nasdaq Dubai provides similar services for trading on its own market and has close ties to international central securities depositaries.
The agreement signed in Dubai aims to create operational connections that will support trading of securities on both the Egyptian Exchange and Nasdaq Dubai. It also promotes broader capital markets cooperation between the UAE and Egypt.
“This is an exciting development for Egyptian companies that have, or will have, a listing on the Egyptian Exchange and seek greater access to investors around the world through Nasdaq Dubai,” said Mohamed Soliman Abdel Salam, Chairman and Managing Director of MCDR.
“As an international exchange, Nasdaq Dubai can provide businesses with unmatched global visibility and reach to underpin their expansion in the Middle East and beyond.”
“Egypt is home to many first class companies that are well placed to take advantage of the international springboard that Nasdaq Dubai provides. We will build on our positive relationship with MCDR to create many new links with Egyptian businesses and capital markets participants,” said Hamed Ali, CEO of Nasdaq Dubai.
“Our accord with MCDR is a critical step in strengthening capital markets links in the region for the benefit of companies, investors and the wider economy,” said Abdul Wahed Al Fahim, chairman of Nasdaq Dubai.
MCDR is the sole provider of clearing and settlement services for the Egyptian Exchange.
Nasdaq Dubai provides similar services for trading on its own market and has close ties to international central securities depositaries.
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