Istanbul, 22nd June 2012- In an effort to promote the capital markets development in both Egypt and Turkey, The Egyptian Exchange (EGX) and İstanbul Menkul Kıymetler Borsası (İMKB) signed a Memorandum of Understanding (MoU) outlining their plans to work together and extend the mutual cooperation and assistance to each other. The signing ceremony took place as a part of EGX and İMKB participation in the second meeting of the Taskforce of MENA Stock Exchanges for Corporate Governance under the umbrella of the Organization for Economic Co-operation and Development (OECD) which took place in Istanbul-Turkey.
EGX was represented by its Chairman, Dr. Mohamed Omran while İMKB was represented by its Chairman & CEO, Mr. Ibrahim Turhan. Also present at the MoU signing were Mr. Vedat Akgiray, the Chairman of the Capital Markets Board of Turkey as well as Dr. Ashraf Al Sharkawy, the Chairman of the Egyptian Financial Supervisory Authority.
Signing this MOU will enable both exchanges agree