Signed MOU with Cairo Stock Exchange

Cairo & Alexandria Stock Exchanges (CASE) and Borsa Italiana sign a Memorandum of Understanding

Jan 18 2006 - 13:00

January 18, 2006 – Cairo & Alexandria Stock Exchanges (CASE) and Borsa Italiana today signed a Memorandum of Understanding to enhance the activities of intermediaries and investors of both the Egyptian and the Italian Markets.

The two Exchanges will consult and cooperate on issues of mutual interest such as regulation, investor education, market efficiency and training programs. The two Exchanges also agreed to share information on the principles of corporate governance for listed companies and on listing criteria, market surveillance, electronic platforms and statistics.

Mr. Maged Shawky, Chairman of CASE, comments: "This MOU complements our strategy to cooperate more with European Exchanges since Europe is the major trade partner for Egypt. We look forward to a long and fruitful collaboration with Borsa Italiana for the benefit of both exchanges."

Mr. Massimo Capuano, President & CEO of Borsa Italiana says: "I do believe that this agreement will enhance a broader cooperation among the Exchanges and will globally support the relationship between Egypt and Italy".

About Cairo & Alexandria Stock Exchanges:

CASE aims to be the Exchange of Choice in the Middle East and North Africa Region and achieve market recognition, both in terms of quality and delivery of its products and services. CASE is a market operator that specializes in listing and trading equities, government and corporate bonds and funds.
CASE is the only Arab Stock Exchange that is a member of the World Federation of Exchanges. CASE is also an active member of Federation of Euro Asian Exchanges, African Securities Exchanges Association and Union of Arab Stock Exchanges.
CASE market performance broke new records in 2005, outperforming developed and emerging markets, as per S&P/IFC and Morgan Stanley indices, which led the Newsweek Magazine to choose Egypt as one of the best 10 stock markets in the world in 2005.

About Borsa Italiana:

Founded in 1997 following the privatisation of the exchange, Borsa Italiana organises and runs the Italian securities markets, carrying out activities to ensure the development of the markets it manages, to maximise their liquidity, transparency and competitiveness, and, at the same time, to pursue high levels of efficiency and profitability.
Borsa Italiana leads a Group which includes BIt Systems (Information Technology), CC&G (Clearing & Central Counterparty), Monte Titoli (Custody & Settlement), Piazza Affari Gestione & Servizi (Facility & Property Management), thus offering a wide range of high value-added services to the domestic and international financial community.