Reshaping the future of capital markets in
The Annual Conference of the Arab Federation of Capital Markets (AFCM) has become a cornerstone event in the financial calendar, and stands as a premier gathering for thought leaders, policymakers, financial professionals, and key stakeholders from across the Arab region and international markets.
In fact, the conference aims at bringing together key players in the financial industry such as stock exchanges, clearing houses (CSDs/CCPs), brokerage firms, asset management firms, governmental institutions, central banks, investment banks, regulatory institutions, global & regional federations to promote regional integration, and enhancing the role of capital markets as a driver of economic growth and diversification.
This year, the AFCM Annual Conference will be hosted by Tunis Stock Exchange (TSE) on the 13th and 14th of May 2025, to provide a vital platform for discussing the latest trends, challenges, and opportunities in the regional and global capital markets. This conference will explore pressing topics such as market modernization, the rise of sustainable finance, the role of technology in capital markets, and strategies for boosting regional integration and liquidity, among other topics.
By fostering dialogue between regulators, investors, and market participants, AFCM annual conference plays a crucial role in shaping the future of financial markets in the Arab world. It serves as a key venue for networking, knowledge exchange, and collaboration, empowering the region’s capital markets to innovate, grow, and adapt to an ever-evolving global economic landscape. The AFCM Annual Conference continues to be an indispensable event that underscores the significance of capital markets in driving economic development and financial stability across the Arab world.
45+
8
300+
8+
The Arab Federation of Capital Markets is the industry association in the region. It serves as a guiding body for best practices in the area.
AFCM was established in June 1978, under the recommendation of the Arab Central Banks Conference, held under the auspices of the General Secretariat of the League of Arab States in the Hashemite Kingdom of Jordan. The headquarters of the Arab Federation of Capital Markets is located in Beirut, Lebanon.
The AFCM is the Arab industry group for 18 exchanges, 8 clearing houses (CSDs/CCPs), and multiple affiliate members (financial institutions, brokerage firms and local industry associations) from all around the Arab region (GCC, Levant and Arab African countries). The Federation was set up to contribute to the development of regulations and promoting harmonized and proactive legislations, and exchanging viewpoints and providing opportunities for cooperation among members.
Created on 1969, Tunis Stock Exchange, as a market, ensures the liquidity of the securities held by the investors. This liquidity provides the issuers with funds necessary to their investments by calling for public shareholding. For this purpose, the Stock Exchange constitutes one of the major sources of financing the economy.
As a central actor of the Stock Market, Tunis Stock Exchange is in charge of managing the Tunisian market of transferrable securities. It organizes the trading and the pricing of securities under the best conditions of fairness, safety and transparency. It also ensures the admission of new securities to the Stock Exchange official list, the organization the dissemination of market information, the promotion and the development of the exchange market. It operates under a legal and regulatory framework in line with international standards, deploys advanced trading techniques to provide efficiency and security as well as a transparent clearing and settlement system to ensure the proper execution of market transactions.
Tunis Stock Exchange official list is reserved for the negotiation of securities that meet the admission requirements provided for by the Stock Exchange regulations. It includes the Principal Market reserved for the large and high performance companies, the Alternative Market for small and medium-sized companies with promising prospects, the Bond Market for debt securities and the OTC market for securities of pubic shareholding companies not admitted to the Stock Exchange official list.
The policy adopted by the stock exchange, in terms of transparency, security, integrity, and fairness between all stakeholders, was crowned by a triple certification:
- ISO 27001 for IT security
- ISO 20000 for quality of services
- ISO 22301 for business continuity
Without forgetting, of course; constant and unfailing commitment to sustainable development, making the stock market a powerhouse in this area by implementing the country's first ESG reporting guide.
The African Securities Exchanges Association is the Premier Association of Securities Exchanges in Africa, that have come together with the aim of developing Member Exchanges, promoting capital market business and providing a platform for networking.
The Association was established in 1993, and works closely with Member Exchanges to unlock the potential of the African Capital Markets and the African economies.