Saudi Arabia hosts event on investing in Egyptian capital market; Al Ballaa participates

Saudi Arabia hosts event on investing in Egyptian capital market; Al Ballaa participates

Riyadh – Mubasher: The capital of Saudi Arabia, Riyadh, witnessed this week the launch of a discussion panel focusing on investment opportunities in the Egyptian capital market, under the sponsorship of the Saudi-Egyptian Business Council.

Global Trading Network (GTN)-Middle East organised the event which took place on 14 February, with the participation of a high-ranking delegation of the Egyptian capital market and stock exchange.

Chairman of Mubasher Financial Group, Mohamed Al Ballaa, noted that financial markets in general play a key role in activating economic growth through the development of savings, providing liquidity, and endorsing capital formation.

Al Ballaa added that the securities markets affect investment opportunities in Egypt, given it is the main method to invest in stocks and bonds.

The top official elaborated: “The market has its impact on attracting local and indirect foreign investments, besides supporting economic activity as well as stimulating capital recycling and business. Therefore, it boosts economic growth.”

Al Ballaa highlighted the strong bond between the financial market and economic performance; the more the state’s financial system develops and becomes more connected to a prosperous financial market, the more economic activity develops. He added that the financial market could lead to higher economic growth rates, in addition to an