November 18, 2019
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EGX & LSEG Roundtable Discusses Developing Capabilities of SMEs & means of Financing for Growth
Egyptian Exchange
Posted: Tuesday, 25 Jun 2019

The Egyptian Exchange (EGX) in collaboration with the London Stock Exchange Group (LSEG) held a SMEs roundtable to discuss funding and technical support for the expansion of SMEs in Egypt. The roundtable was attended by representatives of international financial institutions, namely; International Finance Corporation (IFC), European Bank for Reconstruction and Development, CDC Group, as well as Egyptian SMEs from different sectors seeking funding.  The panels of the roundtable discussed efficient means for capital increase, experiences of companies to get funding, as well as the challenges facing them during the listing process in the capital market, and lastly how to optimize professional communication process to support growth strategies. Mohamed Farid, EGX Chairman, said that the capital market has technological and legislative infrastructure supporting and helping small businesses to access funding for future growth, stressing that the new CRM system launched by EGX recently addresses potential companies acquainting them with the benefits and procedures of listing. Farid urged all international institutions participating in this roundtable to promote joint work to unite efforts that support the ambitious growth of SMEs stressing that the coming period will witness extensive efforts from EGX in providing awareness and support for the Egyptian SMEs. He added that he is looking forward to future cooperation with participating financial institutions unifying all efforts for the benefit of SMEs in Egypt.
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