Egyptian Central Securities Depository

The Egyptian Central Securities Depository (ECSD) is the Government's arm that is responsible for the Depository, Settlement & Clearing of Governmental Financial Instruments. ECSD is an Egyptian joint-stock co established in 2021 pursuant to the Capital Market Law 95 for 1992 and Central Depository & Registry Law 93 for 2000 amended by Law 143 for 2020. ECSD has an authorized capital of EGP 3 Billion, issued & paid-up capital of EGP One Billion, with following shareholding structure : • Central Bank of Egypt (CBE) 70% • Ministry of Finance (MoF) 30% ECSD’s main objective is to manage the depository, settlement and clearing operations for all government debt instruments, to be in-line with international practices. ECSD is licensed from the Financial Regulatory Authority (FRA) under no. 825 dated 4 April 2021. Board of Directors : Mr. Rami Abulnaga, Non-Executive Chairman, representing Central Bank of Egypt Mr. Yasser Zaazaa, Managing Director & CEO, rep. CBE Mr. Tamer Eldakak, Non-Executive Board Member, rep. CBE Mr. Ehab Nasr, Non-Executive Board Member, rep. CBE Ms. Zakeya Ibrahim, Non-Executive Board Member, rep. CBE Ms. Nevine Mansour, Non-Executive Board Member, rep. Ministry of Finance Ms. Mae Adel, Non-Executive Board Member, rep. MoF Mr. Mohamed Youssef, Independent Board Member TBA, Independent Board Member Board Sub-Committees : • Audit & Compliance • Corporate Governance & Nomination • Risk • Compensation & Benefits • Corporate Social Responsibility Management Team : Mr. Yasser Zaazaa, Managing Director & CEO Mr. Tamer Bondok, Chief Compliance & Governance Officer Mr. Mahmoud Darwish, CFO Mr. Tarek Khorshid, Chief Operating Officer Mr. Ahmed Marzouk, Head of International Relations & CRM Mr. Ali Galal, Head of Investment Mr. Abdel-Rahman Salah, Head of Taxation Mr. Emad Khalaf Allah, Head of Operational Risk Mr. Ihab Atef, Head of Settlement Mr. Shady Anwar, Head of Corporate Actions