QNA
Doha
The 39th Annual Forum of the African and Middle East Depository Association (AMEDA) concluded on Thursday in Doha, hosted over two days by Edaa to discuss aspects of integration in central securities depositories.
During the forum, held for the first time in Qatar, more than 80 participants from around 30 countries deliberated on issues related to innovation and ensuring the safety and security of the financial systems. They explored ways for central securities depositories to effectively leverage artificial intelligence to streamline operations, enhance efficiency, and improve risk management.
Discussions also focused on robust measures to protect data and best practices for safeguarding sensitive information amid prevailing cybersecurity threats and data breaches in this era.
Additionally, there was a focus on adopting sustainability concepts through new initiatives that consider environmental, social, and corporate governance practices to ensure the long-term continuity of central securities depository operations within the global financial ecosystem.
Edaa CEO Sheikh Saif bin Abdullah Al Thani emphasised during the forum’s first day that the company’s membership in AMEDA reinforces its commitment to enhancing transformation within Qatar’s financial market, a cornerstone of its strategic vision.
He said that their commitment focuses on leading this transformation by ensuring market infrastructure resilience and adaptability to meet evolving needs of the global investment community.
He noted that the company’s comprehensive goal is to propel Qatar towards a leading market position and attract globally competitive firms to participate in the thriving capital market landscape of the country.
He emphasised that one of the strategic initiatives of Edaa is to take charge of distributing cash dividends and establish electronic mechanisms for conducting annual general meetings to enhance the overall investor experience, aiming not only to meet but exceed the expectations of local and international investors.
