In Jan 2018, The British Egyptian Businessmen Association (BEBA) held a seminar for its members, during which EGX chairman reviewed EGX plan to enhance its performance, steps taken to attract more companies and EGX efforts to increase liquidity through raising the awareness about the capital market. In addition to shedding the light on EGX efforts to introduce new financial instruments and products to improve the trading environment.
EGX signed a memorandum of understanding with the Egyptian Junior Businessmen Association (EJB). This comes as one of EGX efforts to raise awareness about the benefits of listing small and medium businesses.
In collaboration with the European Bank for Reconstruction and Development (EBRD), EGX participated in a workshop held to enhance the administrative and technical capacity of NILEX listed companies.
EGX participated in a workshop hosted by the IFC on IPOs, listing & disclosure requirements. Activating the MOU signed between both parties in September 2018, a workshop was held for interested companies in the Egyptian capital market under the title “Road to Offering & Listing in the Egyptian Market”. The signed MOU aims to inform businesses of difference
fields of the benefits of listing in EGX.
From another perspective, EGX signed an agreement with Misr for Central Clearing, Depository and Registry (MCDR) to facilitate the process of exchanging information and data between both parties. This comes to complement the efforts of developing the capital market industry in Egypt.
In this regard, the agreement regulates the mechanism of data exchange between both entities, enhancing the formation of a collateral accurate database. This allows the market regulators to take all necessary action for the benefit of the market.
EGX launched the CRM system to follow-up with companies considering EGX as a platform to finance their expansion. The system comprises the data of companies engaged in the field of ownership transfers in the (OTC), MCDR System and GAFI system.
The system evaluates the companies’ database in all above-mentioned entities selecting companies suitable to list. EGX communicates with these companies to inform them of the mechanisms of listing in the Egyptian market and how to overcome any obstacle facing the listing process.
Yearbook 2018
The Egyptian Exchange
Mr. Mohamed Farid Saleh
Chairman of The Egyptian Exchange
About The Egyptian Exchange
Established: 1883
Chairman: Mr. Mohamed Farid Saleh
Address: 4A, El Sherifien St., Downtown, Cairo
Contact Name: Ms. Heba Eissa, Ms. Sara Magdy
Email: [email protected]
Website: www.egx.com.eg
Click here to find more about changes at EGX
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Promoting the role of the capital market for company’s growth.