Election of the CEO of the Securities and Commodities Authority as the head of the AERCO Committee
Abu Dhabi, July 15/ WAM/ The Securities and Commodities Authority announced today, the election of His Excellency Walid Saeed Al -Awadi, CEO of the Authority, as Chairman of the Regional Committee for Africa and the Middle East “ARC” of the IOSO World Organization.
This reflects the growing international presence of Emirati competencies, and is considered the culmination of a long institutional path that established the UAE’s position as a president in formulating the future of the global financial sector.
Al -Awadi will represent the “AERC” committee in the AISO Board of Directors, which includes 34 members of the most prominent organizational bodies of stock markets around the world.
Under its umbrella, the committee includes 43 regulatory bodies representing the countries of North Africa and the Middle East, and placing a pivotal role in advancing cooperation and developing organizational frameworks for financial markets, in line with global changes.
The Iosco Organization, which was established in 1983, is the international reference for the regulation of securities markets, and includes more than 200 bodies and financial institutions from all over the world, and oversees more than 95% of global financial markets.
His Excellency Mohamed Al Sharaf, Chairman of the Authority, said that the election of Walid Al -Awadi to chair the Regional Committee for Africa and the Middle East is an achievement that reflects the global position that the UAE has reached in the financial sector, and the growing international trust in its role in developing the organizational system of financial markets, and this choice is a testament to the efficiency of our national cadres and its ability to contribute to drawing the future of financial governance and enhancing international cooperation.
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