Business

CMA takes part in meeting of Arab Securities Commissions’ Board

18 CMA takes part in meeting of Arab Securities Commissions’ Board(1)
 
18 CMA takes part in meeting of Arab Securities Commissions’ Board(1)
The Sultanate of Oman represented by the Capital Market Authority participated in the 15th meeting of the Board members of The Arab Securities Commissions Association with the participation of the presidents and officers of the supervisors of Arab capital markets. The CMA was represented by Shaikh Abdullah Salim al Salmi, Executive President.

The virtual meeting discussed a number of topics related to regulation and development of the capital markets in the Arab countries and the latest developments in Arab stock exchanges. Attendees also reviewed the annual report of the Association for 2020.

The meeting reviewed the progress in execution of the general principles and guidelines approved for Arab capital markets, establishment of e-education portal to provide specialized training programs related to capital markets proportionate for the needs of the member states.

The secretariat general of the association continued in 2020 providing training programmes through electronic communication methods for about 870 trainees most of them working in the field of capital markets and regulated entities.

The Arab Securities Commissions Association was established in 2007 as independent non for profit organization based in the United Arab Emirates with the aim of upgrading the legislations and regulations of Arab capital markets to achieve fairness, efficiency and transparency and to unify the efforts to reach to efficient standards of regulation over the transactions in the Arab securities markets.