{"id":561617,"date":"2021-04-14T03:43:30","date_gmt":"2021-04-14T03:43:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/14\/managing-director-non-executive-chairman-named-for-new-central-clearing-and-depository-company\/"},"modified":"2021-04-14T03:43:30","modified_gmt":"2021-04-14T03:43:30","slug":"managing-director-non-executive-chairman-named-for-new-central-clearing-and-depository-company","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/14\/managing-director-non-executive-chairman-named-for-new-central-clearing-and-depository-company\/","title":{"rendered":"Managing director, non-executive chairman named for new central clearing and depository company"},"content":{"rendered":"

Yasser Zaazaa <\/strong>(bio<\/a>) has been appointed managing director<\/strong> of the new<\/a>central<\/a><\/strong>clearing and depository company<\/a><\/strong> for state debt issuances, while Central Bank of Egypt Deputy Governor Rami Aboul Naga<\/strong> (LinkedIn<\/a>) was named non-executive chairman<\/strong>, Al Mal<\/a> reports, citing unnamed sources. The new state-run company will handle all the clearing and registry of government debt issuances and its existence is one of the key conditions to local debt being cleared<\/a> by the Belgium-based clearinghouse Euroclear.<\/p>\n","protected":false},"excerpt":{"rendered":"

Yasser Zaazaa (bio) has been appointed managing director of the newcentralclearing and depository company for state debt issuances, while Central Bank of Egypt Deputy Governor Rami Aboul Naga (LinkedIn) was named non-executive chairman, Al Mal reports, citing unnamed sources. The new state-run company will handle all the clearing and registry of government debt issuances and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7231],"tags":[102,271,72,714,206,886],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-561617","post","type-post","status-publish","format-standard","hentry","category-moves","tag-capital-markets","tag-central-bank-of-egypt","tag-enterpriseam","tag-euroclear","tag-moves","tag-rami-aboul-naga","wpautop","entry"],"acf":{"mongo_id":"7d5a2dd0-b3ba-47d1-91c7-7d8b4d1473c0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[561606],"teaser":"","voice_url":""},"yoast_head":"\nManaging director, non-executive chairman named for new central clearing and depository company - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/14\/managing-director-non-executive-chairman-named-for-new-central-clearing-and-depository-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Managing director, non-executive chairman named for new central clearing and depository company\" \/>\n<meta property=\"og:description\" content=\"Yasser Zaazaa (bio) has been appointed managing director of the newcentralclearing and depository company for state debt issuances, while Central Bank of Egypt Deputy Governor Rami Aboul Naga (LinkedIn) was named non-executive chairman, Al Mal reports, citing unnamed sources. 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Cabinet had approved the establishment of the new central clearing and depository\u2026","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/438.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":599276,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/24\/egypts-market-regulator-drafts-proposed-amendments-to-rules-on-clearing-companies\/","url_meta":{"origin":561617,"position":2},"title":"Egypt\u2019s market regulator drafts proposed amendments to rules on clearing companies","author":"enterpriseam admin","date":"24 June 2019","format":false,"excerpt":"REGULATION WATCH- Market regulator drafting changes to rules on clearing companies: The Financial Regulatory Authority\u2019s (FRA) board of directors agreed last week to put forth proposed amendments to the law governing clearing and depository companies, according to a FRA statement (pdf). The proposed amendments include allowing companies to receive licenses\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599224,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/23\/egypts-cabinet-approves-establishing-new-central-clearing-company\/","url_meta":{"origin":561617,"position":3},"title":"Egypt\u2019s cabinet approves establishing new central clearing company","author":"enterpriseam admin","date":"23 June 2019","format":false,"excerpt":"Cabinet econ group green lights new central clearing company for debt: The Madbouly Cabinet\u2019s economic group approved on Friday establishing a new central clearing and depository company, according to a statement. The new entity is expected to handle all the clearing and registry of government debt issuances, as well as\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":570812,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/15\/mcdr-appoints-ceo-mohamed-abdel-salam-non-executive-chairman\/","url_meta":{"origin":561617,"position":4},"title":"MCDR appoints CEO Mohamed Abdel Salam non-executive chairman","author":"enterpriseam admin","date":"15 April 2020","format":false,"excerpt":"MOVES- Longtime Misr for Central Clearing, Depository and Registry (MCDR) boss Mohamed Abdel Salam has become non-executive chairman of the organization he has led for some fifteen years, according to Youm7. He was previously chairman and managing director. Abdel Salam\u2019s move to non-exec status came after the hiring of former\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":602345,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/25\/govt-cbe-to-establish-debt-clearing-company\/","url_meta":{"origin":561617,"position":5},"title":"Gov\u2019t, CBE to establish debt clearing company","author":"enterpriseam admin","date":"25 March 2019","format":false,"excerpt":"The Finance Ministry, the Central Bank of Egypt, and Misr for Central Clearing, Depository and Registry (MCDR) will establish next month a new company that will handle all the clearing and registry of government debt issuances, as well as collect taxes from these issuances, Al Mal reports. 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