July 22, 2019
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The Egyptian Exchange

EGX Chairman Participates in the Opening Session of “Portfolio Egypt 2019” Conference
Egyptian Exchange
Posted: Wednesday, 20 Mar 2019

Mohamed Farid Saleh, Chairman of the Egyptian Exchange participated today at the opening session of the “Portfolio Egypt 2019 conference entitled “Opportunities Blunted by Risks”. The conference examines opportunities for non-banking financial activities, which have become one of the most salient investment destinations at the current phase. This is manifested in attempts to expand existing entities, and the emergence of new operators as well as introducing legislation and regulations, which enhance opportunities for growth. During his speech, Mr. Farid presented EGX’s continuous efforts with market participants for the optimization of mechanisms and introducing new products to the Egyptian capital market, example of which is the market maker, short selling and the introduction of the new EGX30 capped index. He added that EGX management adopted a new approach for attracting potential companies to list through its new CRM system. Currently there are 3 companies from different sectors; 2 of which are with total value EGP 14billion and the 3 rd is still in the assessment phase. EGX Chairman concluded that The Egyptian Exchange management are working to change the current status of the Egyptian capital market to be one of the main channels that provide needed funding for businesses expansion through its awareness and financial literacy activities.
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