The Amman Stock Exchange (ASE), represented by Chief Executive Officer Mazen Wathaifi, participated in the 60th annual meeting of the World Federation of Exchanges (WFE), which was held via -visual communication technology. The meeting was opened by Mr. Urs Rüegsegger, Chairman of the Board of Directors of the Federation, in the presence of executive directors and representatives of member exchanges in the WFE from all over the world, to discuss many issues that concern the reality and future of the member exchanges. These meetings are an opportunity to exchange experiences, and activate joint cooperation at the regional and international levels.
During the meeting, the audited financial statements for the year 2020, and the statement of financial position for the date of June 31, 2021 were approved. This is in addition to the approval of the estimated budget of the Federation for the year 2022. A new member of the Federation’s Board of Directors was also elected: Mr. Edward Tilly, President and CEO For Cboe Global Markets as Chairman of the federation, Mr. Boon Chye Loh, CEO of the Singapore Stock Exchange as Vice President, and Mr. Jos Dijsselhof, CEO of the Swiss Financial Services Group SIX Group, as Chairman of the Working Committee for two consecutive years.
It is worth noting that the Amman Stock Exchange joined this Federation in 2008, which was established in 1961 and is based in the London, London. The WFE has 250 members representing exchanges and clearing institutions, distributed as follows: 35% in Asia and the Pacific and 45% in Europe and the Middle East and Africa and 20% in the Americas (North and South America). The number of companies listed on the Federation is approximately 47,919 companies with a market capitalization of more than $109 trillion.