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August 25, 2019
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EGX

EGX Reactivates Its International Advisory Committee (IAC) to Raise the Efficiency and Competitiveness of the Egyptian Market
Egyptian Exchange
Posted: Wednesday, 30 Jan 2019

Mohamed Farid, EGX chairman headed the International Advisory Committee (IAC) first meeting after reactivation. The members of the committee are representatives of international financial institution namely; Dr. Anthony Miller, Coordinator of the United Nations Sustainability Stock Exchange Initiative, Ms Cynthia Steer, Global Investment Consultant, Ms. Deborah Fuhr, Managing Partner and Co‐founder of ETFGI, Mr. Sherif Wahba, CEO, Goldman Sachs Egypt, Mr. Tamer Bahgat, Financial Partnet Ashurst LLP and joined by Mr Hannes Takacs, Associate Director, EBRD. The meeting was attended by EGX Board members and management. The objective of the EGX IAC is to offer its advice and assistance to EGX to develop and expand its role as a venue for efficient capital allocation, incremental savings vehicle and to be an organization that embraces technological advancement to achieve the role of financial and investment inclusive and avail a financing platform for achieving sustainable development goals. This objective should be achieved via adopting a dynamic and progressive reform plan to place EGX as one of leading regional and emerging securities markets. Farid said that the reactivation of the committee comes as part of EGX’s management plan to be in direct communication with all related parties that can be of added value to the development of the market. It is worth mentioning that the International Advisory Committee was active from the year 1999 till 2008 comprising members from international robust institutions.
 
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