Egyptian Central Securities Depository

the egyptian central securities depository (ecsd) is the government's arm that is responsible for the depository, registry & settlement of governmental financial instruments. ecsd has been established in 2021 as an egyptian joint-stock company pursuant to the provisions of capital market law 95 for year 1992 and central depository & registry law 143 for year 2020, amending law number 93 for year 2000. ecsd has an authorized capital of egp one billion, issued & paid-up capital of egp 100 million, 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 through a unified legal entity, to be in-line with international practices. ecsd is licensed from the financial regulatory authority (fra). board of directors : ============ mr. rami abulnaga, non-executive chairman, representing central bank of egypt mr. yasser