Egypt: EGX’s new chairperson outlines business strategy for coming months

Egypt: EGX’s new chairperson outlines business strategy for coming months

Egypt - The Egyptian Exchange (EGX) has a new chairperson, Ahmed El-Sheikh, who has revealed the main aspects of his business strategy for the near future. He emphasized the importance of developing the trading system in EGX and improving liquidity and trading in a scientific way. He also said that EGX will coordinate fully with the Financial Regulatory Authority (FRA) and support market efficiency, brokerage firms and their employees.

El-Sheikh said that he will work on developing financial tools and market mechanisms that suit the needs and growth of the market. He also stressed the need to increase awareness and financial knowledge among dealers and potential investors. He said that creating a suitable investment climate and strengthening investors’ confidence are among his top priorities.

He added that he will try to attract more successful companies to list on EGX and benefit from it as a platform to raise funds for expansion. He also said that he will seek to attract more local, regional and international institutions to invest in EGX, as well as increasing the number of individual investors.

El-Sheikh highlighted the role of technology in stimulating transactions on EGX and reaching new groups of investors, especially young people and those who prefer