EGX Signs a Memorandum of Understanding (MOU) with Ministry of Public Business Sector for Capacity Building of Investors Relations Managers
Posted: Monday, 19 Aug 2019
The Egyptian Exchange (EGX) signed today, Monday 19 th of August 2019, a
Memorandum of Understanding with Ministry of Public Business Sector of Egypt
to cooperate in capacity building activities for Investor Relations Managers of the
Mohamed Farid, EGX Chairman, stated that signing this MOU aims to strengthen
the level of communication between the companies and shareholders thus
improving the quality of disclosure of listed companies as well governance
standers of public sectors companies.
Hesham Tewfik, Ministry of the Public Business Sector confirmed that this MOU is
an important step for raising related managers’ abilities and consequently
increase the ownership of the government companies at the capital market.
He added that the training stated as per this MOU will include 56 companies
working under law no.203 of the public business sector. First training will be
conducted at end of this month will include 15 trainees. He continued that
another training program will be conducted to acquaint the executives of the
beneficiary companies with the importance role of the Investors relations
managers. EGX will provide the education curriculum of all programs.
Farid concluded that increasing the level of communication between investors
and Investors Relations Managers is important to maintain company's reputation
adding that these activities will raise Investors Relations Managers awareness of
the impact of the economic variables on their companies.