FEAS Yearbook FEAS Yearbook 2018 | Page 79

Damascus Securities Exchange

About Damascus Securities Exchange

Established: 2009

Chairman: Mr.Hassan Izzat Traboulsi

CEO: Dr. Abdul Razak Kasem

Address: Barza-Damascus- Syria

Contact Name: Mr. Osama Hasan

Email: [email protected]

Website: www.dse.sy

Yearbook 2018

Dr. Abdul Razak Kasem

CEO of Damascus Securities Exchange

79

Exchange Overview

Damascus Securities Exchange launched a new website, which is a qualitative addition in terms of form and content, has been launched and the internal structure of the market has been developed. In addition, the capital has been increased in many listed companies and many workshops have been held with various events.

The market has been able to increase its effectiveness and presence within the economic structure of the Syrian Arab Republic and provide many services from both the listed companies and the brokerage companies or in the field of awareness and dissemination of investment culture in the Damascus Securities Exchange.

The development vision of the Damascus Securities Market can be summarized by rationalizing the management of the market through an effective system of governance and an effective disclosure system that improves the form and content of information provided to investors in terms of time, periodicity and convenience.

An additional market index is also issued to reflect the movement of leading stocks traded.

About DSE

On 01.10.2006 Dr.Al Assad, the President of Syrian Arab Republic issued Decree 55 (Stock Exchange Act) establishing a market for the trade of securities, known as the Damascus Securities Exchange (the Exchange). The Exchange is a public institution. It is self financing although the setup cost and deficit are largely financed by Governmental loans. The intention is ultimately to transfer the Exchange into a shareholding company.

The exchange would be controlled by a Board of Directors which consists of 9 members.