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33

www.afeconf.com

33

Sponsorship of Dinner Banquet

Sponsorship Fees: 25,000 $
The establishment or company sponsoring the dinner banquet shall
enjoy the following advantages:
Allocating a -6square-meter stand at the venue of the dinner banquet
and the chance to distribute the sponsor's brochures.
Signage at the hall entrance.
Placing the sponsor's logo in a conspicuous location and shedding
the lights thereon.
A welcome speech for a maximum of five minutes during the dinner
banquet.
Eight invitations to the opening ceremony.
Five invitations to the dinner banquet.
Printing the establishment/ company's logo on the dinner invitation to

32

be distributed to all invitees.

Printing the company's logo on the dinner menus to be distributed to
all invitees.

Supporting Markets and Clearing Houses

(Members of The Arab Federation of Exchanges)

Sponsorship fees: 15,000 $

A sponsor under this category shall enjoy the
following advantages:
Invitations to lunch and dinner banquets.
Access to VIP lounge.

Public Relations:
Including the establishment's name in the
conference press report.

Mentioning and including the

establishment's logo in the conference TV

Securing transport from/ to the airport for guests report.
coming from outside the Sultanate.

Marketing Activities & Communication:

Printing the establishment's logo on the
conference printed promotion materials and
including it in the conference audio, video and
electronic propaganda campaign.
Allocating an advertising space on the
conference website.

Publications:
Printing the establishment's logo on all

the conference publications.

Including the establishment's logo in a VIP

file.

Conference Signage:
Printing the establishment's logos on all
conference signage.

31

Silver
Sponsor
Sponsorship Fees: 15,000 $

The silver sponsor shall enjoy the following

Public Relations

advantages:

Including the silver sponsor's name in the

A word of thanks to the silver sponsor in the

conference press report.

opening/ closing speech.

Mentioning and including the silver sponsor's logo

Invitations to lunch and dinner banquets.

in the conference TV report.

Access to VIP lounge.

Publications:

Securing transport from/ to the airport for

Printing the silver sponsor's logo on all the

guests coming from outside the Sultanate.

conference publications.

Sponsorship of breaks.

Including the silver sponsor's logo in a VIP file.

Marketing Activities & Communication:

Conference Signage:

Printing the silver sponsor's logo on the

Printing the silver sponsor's logos on all

conference printed promotion materials and

conference signage.

including it in the audio, video and electronic

propaganda campaign.
Allocating an advertising space on the

30

conference website.

Public Relations:
Press interview with the gold sponsor in the local press.
Including the gold sponsor's name in the conference press report.
Mentioning and including the sponsor's logo in the conference TV
report.
Publications:
Printing the gold sponsor's logo on all the conference publications.
Including the gold sponsor's logo in a VIP file.
Conference Signage:
Printing the gold sponsor's logos on all conference signage.

29

Gold Sponsor
Sponsorship Fees: 25,000 $
The gold sponsor shall enjoy the following advantages:
A word of thanks to the gold sponsor in the opening/ closing
speech.
Invitations to lunch and dinner banquets.
Attending all events of the conference.
Access to VIP lounge.
Securing transport from/ to the airport for guests coming from
outside the Sultanate.
Sponsorship of lunch banquet.
Marketing Activities & Communication:
Including the gold sponsor's logo on the conference printed
promotion materials and including it in audio, video and electronic
propaganda campaign.
Allocating an advertising space on the conference website.

28

Possibility of sending emails directly to the conference attendance

list (on condition of obtaining attendance permission)

Public Relations:
The partner's presence during the local press conference

to announce the conference.

Press interview with the partner in the local press.
Invitation to the partner to participate in a TV talk
show.
Including the partner's name in the conference press
report.
Mentioning and including the partner's logo in the
conference TV report.
Publications:
Printing the partner's logo on all the conference
publications.
Including the partner's logo in a VIP file.
Allocating an advertisement space on first pages of
print media.
Conference Signage:
Inserting the partner's logos on all conference signage.

27

Third: Sponsors (Partners)

Sponsorship Fees : 35,000 $

26

A partner shall enjoy the following advantages:

A word of thanks to the partner in the opening/ closing
speeches.
Invitations to lunch and dinner banquets.
Delivering a speech at the dinner banquet.
Access to VIP lounge.
Enclosing the company/establishment manual with the
conference delegate packets.
Representation at one of the seminars.
Securing transport from/ to the airport for guests coming
from outside the Sultanate.
Marketing Activities & Communication:
Printing the partner's logos on conference printed
promotion materials and including it on audio, video and
electronic propaganda campaign.
Allocating an advertising space on the conference
website.
Possibility of sending emails directly to the conference
attendance list (on condition of obtaining attendance
permission)
Posting partner's website link on the conference website.

Islamic Capital Market

Milestone of Sharia Capital Market
Sharia Stock

1. The Criteria and Selection Process for Sharia Compliance Stock

2. The Role of Security Exchange Commission
3. The Current Condition of Sharia Stock
4. Sharia Stock Index

Sukuk (Government)

1. Milestone of Sukuk Development

2. Characteristics of Sukuk
3. Types of Sukuk
4. Project Based Sukuk
5. The Current Condition of Sukuk
6. The Masterplan for Sukuk

Challenges and Opportunities

25

Islamic Monetary Operations

Liquidity Management: why so important ?
1. Some arguments for Liquidity Management
2. Framework of Liquidity Management
Monetary Operation under Sharia Principle
1. Framework of Sharia Monetary Operation
2. Milestone of Sharia Monetary Operation
3. Instruments of Sharia Monetary Operation (SBIS, Reserve Repo SBSN,
Fasbis)
Challenges and Opportunities

Islamic Money Market (IMM)

- The Framework
- The Current Condition of IMM
- Instruments
- Strategy of Enhancement
- Challenges and Opportunities

24

Second: Training Workshop

Stemming from our commitment to generating knowledge through this gathering, we are
planning to hold training workshops addressing the Islamic sukuk (bonds) to be held on
5-6/3/2013. The focus of these workshops shall be:
Overview of Islamic Financial System
- Why Islamic Finance ?
- Brief History of Islamic Finance
- Landscape of Current Islamic financial system
- Islamic NBFI (nsurance, pawnshop, mutual fund etc.)
- Islamic Financial Market (sukuk market, equity market, money market)
- Milestone of Islamic Financial System.

Islamic Banks

- Criticism over the Islamic Finance

- Range of product, characteristic, risk and disclosure: Funding, Financing and other Products

Regulatory Framework for Islamic Banking Products

- Sharia Governance
- Regulation for Islamic Banks Products
- Incentives for Product Development

23

Category

Details
Conference

Participation

Participation fees
for each individual
confirmed before
2013/1/31

400 $

Participation fees
for each individual
confirmed after
2013/1/31

500 $

Bronze category

22

100 $

Gold category

Platinum category

5 participants 10 participants 15 participants 20 persons

participants
1 participation

Advantage

Silver category

free of charge

Each

3 participations 6 participations participation

free of charge
free of charge costs only %60
of the original
fees.

Details of participation in the conference:

First: Individuals' participation in the conference:
The significance of the annual conference of Arab Federation Exchanges
primarily depends on hosting high profile figures from international
bourses around the world as detailed in the program of the conference.
This significance comes as a reflection of the topics addressed at the
conference sessions which are hoped to result in conclusions and
recommendations serving Arab societies in general and those interested
in the financial sector in particular.
The below table contains the details relevant to the individuals' participation
in the conference. Those who confirm their participation by the end of
January 2013 shall be charged participation fees lower than those for
participations confirmed after that date. In addition, the table reveals that
participation fees for groups are less than those for individuals.

21

Target Categories
Stock exchanges
Securities markets monitoring bodies
Deposit and clearing companies
Brokerage companies
Investment funds
Investment banks
Banks in general
Individual investors
Economic press
All securities markets dealers.

20

Meyer Sandy Frucher

Vice Chairman, The NASDAQ OMX Group
Meyer Sandy Frucher is Vice Chairman of
The NASDAQ OMX Group. In this role, Mr.
Frucher is responsible for global exchange
relationships and serves as a senior advisor
to NASDAQ OMXs senior management team
on a broad range of industry and regulatory
issues. He joined the exchange after NASDAQ OMX completed its acquisition of The
Philadelphia Stock Exchange, known today
as NASDAQ OMX PHLX, on July 24, 2008.
In addition to his responsibilities at the PHLX,
Mr. Frucher is the founding chairman and
trustee emeritus of the Board of the Massachusetts Museum of Contemporary Art, an
institution responsible for developing the
largest center for contemporary visual and
performing arts in the United States. He also
sits on the Board of the Saratoga Performing
Arts Center located in Saratoga Springs, N.Y.
Mr. Frucher received a Bachelor's degree in
Government from Columbia University. He
earned a Master of Public Administration
degree from the John F. Kennedy School of
Government, Harvard University.

Mr. DOMINIQUE CERUTTI

President & Deputy Chief Executive Officer
Dominique Cerutti is President and Deputy
CEO of NYSE Euronext, the worlds leading
and most liquid exchange group. He is Chairman and CEO of Euronext Paris, Chairman of
the Managing Board of NYSE Euronext NV,
the holding company for the European exchanges of NYSE Euronext, and board member of NYSE Euronext.
Within the NYSE Euronext group, Dominique
Cerutti is also the Global Head of Technology since January 2010. He is responsible for
both the Information Technology branch of
NYSE Euronext that designs, builds and operates pioneering systems for its markets, and
NYSE Technologies, the commercial technology branch of the group and the worlds leading provider of end-to-end electronic trading
solutions, connecting and powering the global marketplace.

19

Biography Self-e

18

Mr. Meyer Sandy Frucher

Mr. DOMINIQUE CERUTTI

Vice Chairman of The NASDAQ OMX

President & Deputy Chief Executive Officer

Mr. Ravi Narain

Hseyin ERKAN

is currently the Managing Director and

CEO of the World Federation of Exchanges

CEO of the National Stock Exchange

Hseyin Erkan was appointed on June 18, 2012,

of India Limited.

as the Secretary General of WFE. Following the

He is the Chairman of the National Securities Clearing Corporation Ltd. and

NSE.IT Ltd. He also serves as a Director of the National Securities Depository Ltd. and the National Commodity
& Derivatives Exchange Ltd. He is on

amendments of the statutes at the 52nd General Assembly on October 15th, 2012, Hseyin
Erkan currently serves as the Chief Executive
Officer of the World Feeration of Exchanges,
the trade association of regulated exchanges
around the world, which promotes standards,
fairtrade and transparency in markets.During

the Board of the World Federation of

his previous post as the Chairman and Chief

Exchanges and several other compa-

Executive Officer of the Istanbul StockEx-

nies. He is also associated with various committees of the Securities &

Exchange Board of India (SEBI) and
the Reserve Bank of India (RBI).

change (ISE) between November 2007 and end

of 2011, Mr. Erkan contributed to the progress
of the Istanbul- Regional Financial Center project of theTurkish Government; led many projects as the Chairman of the Working Committee
of the World Federation of Exchanges .

Alex Matturri

Alex Matturri is chief executive officer at

S&P Dow Jones Indices, responsible for all
aspects of the index business globally. S&P
Dow Jones Indices offers investment professionals around the world an array of products from efficiently representative indices to
broad comprehensive benchmarks.Previously, Alex was senior vice president and director
of Global Equity Index Management at Northern Trust Global Investments (NTGI). There,
he was responsible for all facets of passive
equity portfolio management and trading,
overseeing a $185 billion passive investment
business for the worlds third-largest quantitative manager. In addition to leading investment teams in the U.S., Europe and Asia, Alex
was a driver for the global expansion of the
passive investment business across all regions. Alex joined NTGI in 2003 with the companys acquisition of Deutsche Asset Managements Index and Quantitative Investment
business. At Deutsche, he served as director
and senior index investment strategist.

17

Biography Self-e

16

Mr. Ravi Narain

Mr. Hussein Erkan

Managing Director and CEO of the

National Stock Exchange of India

)CEO, World Federation of Exchanges(

Mr. Alex Matturriy

)CEO, S&P Dow Jones(

Day 2: 4/3/2012
Time
9:00-10:30 am

Session

Speakers

Third session:
Meeting expectations of capital markets'
clients
Fourth session:

10:30 am -12:00 pm

12:00-12:30 pm
12:30-2:00 pm

Basic and technical analysis of global and regional

markets

Break
Fifth session:
Governance and rating based on international
standards

Presentation:

2:00-2:30 pm

Technological solutions for markets

integration

2:30 pm

Amendable

Lunch

15

Day1: 3/3/2012
Time
08:30 - 09:00 am

Conference Agenda

09:00 10:30 am

Session

Speakers

Registration

Opening Session

-Dr. Fadi Khalaf

-Mr. Meyer Sandy Frucher, Vice

(Secretary-General, Arab Federation of

Chairman of The NASDAQ OMX

Exchanges)

-Mr. Dominique Cerutti, President &

-Mr. Ahmed Al-Marhoun

Chairman, Arab Federation of Exchanges)

-Mr. Hussein Erkan

(CEO, World Federation of Exchanges)

-Mr. Alex Matory

For a Better Future

Time : March 3rd 4th, 2013
Venue : Grand Hyatt Regency Hotel

(CEO, S&P Dow Jones)

10:30 am -12:00 pm

12:00-12:30 pm
12:30-2:00 pm
2:00-2:30 pm

First session:
General trend in Arab stock
exchanges (integration,
liquidity, openness)
Break
Developing initial offerings market
Presentation:
Islamic Financial Instruments
(Challenges and Opportunities)

2:30 pm

14

8:00 pm

Amendable

Lunch

Dinner party

Deputy Chief Executive Officer, New York Stock

(Director General, Muscat Securities Market and Exchange

-Mr. Ravi Narain,

Managing Director

and CEO of the National Stock Exchange of India

Economic Indicators
Total non-oil exports in 2010: USD 6.23 billion
Total imports in 2010: USD 19.73 billion
Non-oil Gross Domestic Product in 2010: USD
31.949 billion
Oil Gross Domestic Product in 2010: USD 26.75
billion
Total Gross Domestic Product in 2010: USD 57.69
billion
2011 Index of Economic Freedom: 3rd rank in Arab
World
2011/2010 Index of Economic Efficiency: 5th rank
in Arab World
The Sultanate of Oman was ranked in 1st position
worldwide in human development rate in 2010
in Human Development Report issued by UN
Development Program
The Sultanate of Oman was ranked in 1st position in
Arab World in the field of judiciary integrity.

13

Sultanate of Oman

12

Sultanate of Oman is located on the southeast coast

of the Arabian Peninsula and has dry and semi-dray
climates. Sultanate of Oman is famous for its touristic
attractions such as valleys, deserts, beaches and
mountains making it a more prominent destination
than other GCC States.
Sultanate of Oman has laid its development plans based
on diversification of income sources through sectors
such as tourism, fisheries and agriculture, industry,
ICT and promotion of exports. The investment climate
within the country encourages foreign investment
with many investment incentives in accordance with
legal frameworks. Muscat Securities Market is one
of most prominent financial sector institutions in the
Sultanate. It was established as public body corporate
headquartered in Muscat and strives to promote
savings, enhance investment awareness and protect
investors as well as facilitating means for investing
money in securities to generate mutual benefits for
national economy and investors.

11

Federation Members

Clearing Houses

Kuwait Clearing Company, (Kuwait)

Custodian and Clearing Center of Financial
Instruments for Lebanon and Middle East
(MIDCLEAR- Lebanon)
Tunisian Central Depository (STICODEVAM- Tunis)
Securities Depository Center (SDC- Jordan)
Misr for Central Clearing, Depository and Registry
(MSCD- Cairo)
Muscat Clearing & Depository Co.
(Sultanate of Oman)

10

The central Securities Depository (MAROCLEARMorocco)

Federation Members
Stock Exchanges
Egyptian Stock Exchange (Egypt)
Bourse de Tunis (Tunisia)
Amman Stock Exchange (Jordan)
Bourse de Casablanca (Morocco)
Bahrain Bourse (Bahrain)
Beirut Stock Exchange (Lebanon)
Qatar Exchange (Qatar)
Palestine Securities Exchange
(Palestine)

Federation Members

Stock Exchanges
Kuwait Stock Exchange (Kuwait)
Abu Dhabi Securities Exchange (United
Arab Emirates)
Muscat Securities Market (Sultanate of
Oman)
Libyan Stock Market (Libya)
Palestine Securities Exchange (Palestine)
Iraq Stock Exchange (Iraq)
Saudi Stock Exchange - Tadawul (Saudi
Arabia)
Damascus Securities Exchange
(Syria)

Dubai Financial Market (United Arab

Emirates)

Arab Federation of Exchanges

A guiding and steering organization of Arab stock exchanges was established

in 1978 in implementation of recommendations made by Central Banks
Governors Conference which was held under auspices of Arab League in
the Hashemite Kingdom of Jordan during the period from 19th 20th June.
AFE mission is to create fair and transparent environment in Arab
stock exchanges; mitigate obstructions that prevent trading securities
among them; attain harmony in laws and regulations governing Arab
capital markets and adoption of new up-to-date technologies in trading,
settlement and clearing operations; facilitate the achievement of the
Federation's objectives through developing member stock exchanges;
and provide cross-border trading of securities in the member states
The Federation's vision encompasses the following:
Exchange viewpoints and provide opportunities for cooperation among the
members.
Transfer knowledge through organizing conferences, workshops and training
courses as well as issuing industry related statements, studies, research and
statistics.
Develop legislations in Arab financial markets.
Play mediators role in resolving disputes.
Establish close cooperation with the regional and international federations; and
Develop Arab financial markets in terms of volume and regulations at all levels.

Conference Objectives
Continue to achieve the objectives for which Arab Federation of
Exchanges was established.
Develop stock exchanges sector in Arab countries through
benefiting from international experiences in this area.
Importance of integration and availability of liquidity in Arab
stock exchanges.
Develop the process of subscriptions in Arab stock exchanges.
Exploit opportunities available for Sharia compliant products
and overcome challenges facing the same; and Keep pace with

global developments.

It is worth mentioning that this kind of conferences has significant

importance as it highlights discussions on several issues such as:
Benefit from international experiences and explore possibility for
implementation thereof in Arab countries, which would contribute to
developing and improving stock exchanges sector in those countries.
Trends of Arab stock exchanges and examine need for integration among
them.
Initial public offerings and development process.
Sharia compliant products: What are the challenges? And what are available
opportunities in the region?
How can stock exchanges meet their clients' expectations?
Global and regional markets outlook based on financial and technical
analyses.
Governance and rating based on international standards.
How to achieve better integration using technological solutions?

Introduction
Under the slogan "For a Better Future" the Arab Federation of
Exchanges Annual Conference will be organized with view to
attaining joint action, exchange of development visions and
consultation about one of highly vital development sectors
worldwide, i.e. stock exchanges and securities sector.
Today's world requires promptness in knowledge transfer
process than ever before making us more resolute, persistent
and capable of change, development and innovation.


4 - 3 2013

The Arab Federation of Exchanges Annual Conference

3-4 March 2013