Egypt: 20 companies listed on EGX since May 2014

Stock-ExchangeThe Egyptian Stock Exchange is preparing to welcome, for the second time, an investment conference on financial markets, reports Egypt “Daily News” citing a press release of the institution.

Over 20 companies have been listed on the EGX with over EGP 5bn in capital since May 2014.

In the statement issued by the Stock market, EGX Chairman Mohamed Omran said this “success” came after the first summit for the initial public offering (IPOs) that took place in May 2014. This gathered companies and officials to define and analyze the Egyptian companies’ listing in the stock market.

Omran noted that the EGX is preparing for the second annual summit for IPOs and increasing capitals. “This conference shapes a chance for promising companies to expand and obtain finance from financial institutions and investment banks” he added. The event date has not been set yet, but the ambition of the organizers is great. One of the goals of the conference is to attract a large number of private investors in public development projects and raise funds on the Egyptian financial market.

The event will be a platform for experience sharing with enterprises that have successfully managed to raise funds on the financial market, and to support their investment and expansion plans.

“This event is a major share of the stock exchange whose role is to facilitate companies’ access to funding, enabling them to meet domestic and international investors”, said Mohammad Omran.

About Geraldine Boechat 2636 Articles
Senior Editor for Medafrica Times and former journalist for Swiss National Television. former NGO team leader in Burundi and Somalia