EGX3030,245.12 (+1.2%)EGX70 EWI7,122.45 (+0.8%)COMI82.40 (-0.4%)HRHO18.95 (+2.1%)SWDY34.10 (+0.5%)USD/EGP48.21 (-0.1%)EGX3030,245.12 (+1.2%)EGX70 EWI7,122.45 (+0.8%)COMI82.40 (-0.4%)HRHO18.95 (+2.1%)SWDY34.10 (+0.5%)USD/EGP48.21 (-0.1%)
About the Federation

The unified voice of Egypt’s licensed capital market firms.

Established to represent brokerage firms, asset managers, advisors and market infrastructure providers before regulators, policymakers and international counterparts.

Founded2019
Active Members290
Standing Committees8
Trained Professionals250+
Vision

An Egyptian capital market recognised regionally for depth, transparency and professional excellence.

Mission

To represent and develop the collective interests of Egypt’s capital market intermediaries, advancing sound regulation, credible market data, professional certification and investor confidence. ECMF convenes the industry, translates practice into policy positions, and equips member firms and their people with the knowledge required by a modern financial market.

Strategic Objectives

Market Integrity

Uphold the highest standards of conduct, disclosure and client protection across all licensed member firms operating on the Egyptian Exchange.

Professional Standards

Define and maintain competency frameworks for every capital market role, delivered through ECMF Academy certification pathways.

Regulatory Dialogue

Serve as the structured channel between the industry, the Financial Regulatory Authority, EGX and MCDR on rulemaking and market design.

Market Deepening

Broaden the investor base, expand product coverage in fixed income and derivatives, and support the listing pipeline.

Sustainable Finance

Embed ESG disclosure, climate risk assessment and green instrument development into mainstream market practice.

Board of Directors | 2023-2026 Term

Executive Leadership
Ashraf Salman
Ashraf SalmanChairman, Experienced Independent / Foundation Companies
Ahmed Ikram
Ahmed IkramVice Chairman, Custody & Central Depository
Experienced Independents
Mohamed Gaballah
Mohamed GaballahBoard Member, Experienced Independent & Brokerage
Mohamed Kamal
Mohamed KamalBoard Member, Experienced Independent & Brokerage
Financial Holdings, Promotion & Underwriting of Securities Offerings
Ahmed Marwan
Ahmed MarwanBoard Member
Ayman ElSawy
Ayman ElSawyBoard Member
Fund & Portfolio Management and Other Activities
Amr Abu El-Enein
Amr Abu El-EneinBoard Member
Khalil ElBawab
Khalil ElBawabBoard Member
Randa Hamed
Randa HamedBoard Member
Brokerage Firms
Ahmed El Sayed
Ahmed El SayedBoard Member
Gihan Yaqoub
Gihan YaqoubBoard Member
Ossama Gamal
Ossama GamalBoard Member
Custody & Central Depository
Yasser Zazaa
Yasser ZazaaBoard Member

Committees

Brokerage & Trading Committee

Trading rules, market microstructure, settlement cycles and operational risk for licensed brokerage members.

Asset Management Committee

Fund structures, valuation practice, distribution standards and institutional mandates.

Compliance & Risk Committee

FRA regulations, AML/KYC frameworks, governance codes and internal control benchmarks.

Technology & Innovation Committee

Market infrastructure, cybersecurity, digital onboarding and data standards.

ESG & Sustainability Committee

Sustainability reporting, climate disclosure and sustainable instrument development.

Partners & Stakeholders

Financial Regulatory Authority
The Egyptian Exchange (EGX)
Misr for Central Clearing (MCDR)
Central Bank of Egypt
Ministry of Finance
Federation of Arab Exchanges
Egyptian Institute of Directors
International Capital Market Association