The establishment of the Egyptian Central Securities Depositories (ECSD) comes at a time Egypt is witnessing remarkable economic growth and attracting increased interest from both domestic and international investors. Recognizing the importance of a robust securities depository system, we have taken this step towards enhancing market efficiency, transparency, and investors’ confidence. ECSD’s aim is to provide a secure, efficient, and reliable platform for the settlement, depository, and registration of securities issued by the Central Bank of Egypt on behalf of the Ministry of Finance.
We seek through ECSD’s operations to centralize these functions under one entity, streamline processes, reduce risks, and foster an environment conducive to sustainable growth. Our primary objective is to ensure seamless post-trade operations while adhering to international best practices. We are committed to implementing cutting-edge technologies that will enable us to offer state-of-the-art services in line with global standards.
The launch of the Egyptian Central Securities Depository represents a significant step towards strengthening Egypt's capital market infrastructure and is a testament to Egypt's unwavering commitment to modernize its financial infrastructure and foster economic growth. We are confident that this institution will play a pivotal role in attracting investment, deepening our capital markets, and contributing to the overall development of our nation.
Sincerely,
Rami Aboulnaga
Chairman of the Board of Directors
Egyptian Central Securities Depository
