Its membership was decided at the 23rd FEAS meeting held in Tehran on Tuesday.
Representatives of stock exchanges of Kazakhstan, Turkey, Armenia, Cyprus, Oman and Syria were present at the event, Securities and Exchange News Agency reported.
Cyprus Stock Exchange also became a new board member. It was also decided at the meeting that FEAS’s headquarters be transferred to Yerevan, according to Financial Tribune.
Armenia became the new rotating head of the organization.
FEAS is a non-profit international organization comprising the main stock exchanges in Eastern Europe, the Middle East and Central Asia. It was established on May 16, 1995, with 12 founding members.
Currently, FEAS has 33 members, 11 affiliate members, three observers and four bilateral members from 29 countries.