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Body of the Stock Exchange

In accordance with Article 67 of the SASE Statute, the Supervisory Board consists of the president and four members.

The following are appointed to the Supervisory Board:

  • a. one representative or employee of the issuer, whose securities are listed on the SASE official market,
  • b. one employee of the issuer whose securities are included in trading on the free stock market,
  • c. three from among the other candidates.

The limits for membership of the Supervisory Board:

(1) In the Supervisory board of the Stock exchange cannot be appointed:

  • a) an employee of the Stock exchange;
  • b) an employee of the Registry of Securities of FBiH;
  • c) member of the legislative, executive and judicial authorities in Bosnia and Herzegovina;
  • d) owner more than 10% of the securities of the Exchange member or related entities.
  • e) and employee at the Exchange member.

The Supervisory Board of the Sarajevo Stock Exchange:

  • Haris Kuskunović, president
  • Ammar Škaljić, member
  • Arif Tuncay Ersoz, member
  • Drago Vukoja, member
  • Sead Selman, member

The Management Board represents the company and leads the company's operations.

The Management Board consists of one or more persons who need not be members of society. They are appointed in the manner and for the period specified in the founding act or Statute. In case when management has more members, their powers and responsibilities is regulated by the founding act or Statute.

The Management Board of the Sarajevo Stock Exchange:

Dr  Tarik Kurbegović
Almir Mirica
Executive director of Trading and Surveillance Department
Tahir Taslaman
Executive director of Information and Technologies Department


Stock Exchange Committee decides in proceedings to determining the existence of violations of Rules and may impose any of the measures set out in the Rules for the responsible persons.

Article 189.

  • (1) Stock Exchange Committee has a chairman and two members, and three deputy members appointed by the Supervisory Board of the Stock Exchange.
  • (2) For members and deputy members of the Stock Exchange Committee is appointed by a representative of the Supervisory Board and the Management Board and one representative of the Self Regulating Organisation of Professional Intermediares.

Stock Exchange Committee members:

  • Haris Kuskunović, president
  • Almir Mirica, member
  • Emir Imširović, member

Listing Board is a special organ of Stock exchange which is responsible for:

  • - listing of securities on the Official market,
  • - changes in the Official market ,
  • - halting of trading in securities which are listed on the stock exchange when there was no trading for more than ten (10) working days
  • - taking measures on issuers listing on the Official market which violations the Rules in terms of reporting,
  • - exclusion of securities from the Official market.

Listing Board members:

The Board shall have five (5) members. Four members, who meet the requirements, appointed by the Supervisory Board for a term of four (4) years with the possibility of re-appointment, and one (1) member who is employed at the Stock Exchange appointed by the Management Board, with the possibility of reappointment. Member of the Board may be a person who has a university degree and who is an acknowledged expert in the field of finance and corporate law.

  • Tahir Taslaman, president
  • Edin Šećerović, member
  • Mahir Džafić, member
  • Dino Hadžalić, member
  • Azra Efendić, member
  • Adisa Omerbegović-Arapović
  • Armin Zulkić
  • Femil Čurt
  • Namik Smajović
  • Sead Miljković
  • Suad Kurtčehajić

The audit committee, audits SASE financial operations in accordance with Article 91 of the SASE Statute.

Members of the Audit Committee are:

  • Emilija Mlađen, president
  • Hajrudin Hadžifejzović, member
  • Berin Vrabac, member

SASE Newsletter

If you want to receive reports, exchange rates or trade reports via e-mail, it is necessary to subscribe for SASE Newsletter.


If you want to have access to the current information from the market become a user of the Trading Observer Desktop application.


On the website of the Sarajevo Stock Exchange you can rent advertising space in a variety of formats.


  • Address: Đoke Mazalića 4/I,  Sarajevo

  • Phone: (387) 33 251-460

  • Email: contact@sase.ba