Under the auspices of HE Governor of Qatar Central Bank (QCB) Sheikh Bandar bin Mohammed bin Saoud Al-Thani, Edaa kicked off on Wednesday the Africa and Middle East Depositories Association (AMEDA) 39th Annual Forum, which runs for two days in Doha.
Over 80 attendees thronged at the event from 30 different countries, including senior officials, banking and financial stakeholders. The theme of this year's forum, "The Growing Use of AI at CSDs and Sustainability through New Initiatives while Maintaining Data Security," underscores the importance of embracing innovation while ensuring the integrity and security of financial systems.
The event commenced with opening remarks from HE Assistant Governor of the QCB and Chairman of the Board of Edaa Sheikh Ahmed bin Khalid Al-Thani, expressing immense pride in hosting the 39th Annual Forum of AMEDA in the vibrant city of Doha, Qatar. He emphasized the forum's unique opportunity for engaging discussions, deliberating on the future of the region's capital markets, and collectively driving transformative change.
For his part, HE Edaa's CEO Sheikh Saif bin Abdulla Al-Thani said: "Edaa's membership in AMEDA, an esteemed association renowned for its excellence and collaborative spirit in the securities depository industry, further reinforces our dedication to advancing transformation within the Central Securities Depositories (CSD) market - a central pillar of our strategic vision for the region's capital markets. Our commitment at Edaa is unwavering - to lead this transformation by ensuring the resilience and adaptability of our market infrastructure to meet the evolving needs of the global investment community. We are steadfast in our pursuit of technological advancements that enhance operational efficiency and security, thereby fostering Qatar's economic growth."
"Our overarching goal is to propel Qatar towards developed market status, attracting globally competitive companies to participate in our thriving capital market landscape. Through strategic initiatives such as expanding cash dividends distribution capabilities, establishing electronic Annual General Forum (E-AGM) mechanisms, and elevating the overall investor experience, we aim not only to meet but exceed the expectations of both local and international investors," His Excellency added.
His Excellency noted that the third strategy for the financial sector in Qatar is based on international investors, diversity, and innovation in the financial services sector, as it is a fundamental pillar of Qatar's economy, as well as enhancing the country's attractiveness for foreign direct investment and attracting talents in a way that contributes to building a knowledge-based economy in line with the Qatar National Vision 2030. "Edaa is excited to facilitate crucial conversations and collaborations, united in our vision to shape a more integrated and prosperous future for the capital markets of Africa and the Middle East. Together, let us seize this opportunity to create lasting impacts that will resonate across our markets for years to come," His Excellency said.
