- A New move from EGX and MSMEDA to implement the cooperation protocol to support SMEs
- EGX launches new incentive exempting the first 20 companies from administrative service fees.
- MSMEDA allows financing companies with financial statements approved by auditors licensed by Financial Regulatory Authority (FRA) or The Central Bank of Egypt (CBE).
- Radwan: The new incentive contributes to ease financial burdens on promising companies encouraging them to list on EGX.
- Mostafa Hassan: Continuing our cooperation with EGX to support listing of more SMEs on EGX.
EGX organizes workshops in collaboration with MSMEDA to enhance awareness of the benefits and requirements of listing.In a new move to support SMEs sector and enhance role of the financial market to strengthen national economy and as part of the cooperation protocol between EGX and MSMEDA, Mr. Omar Radwan, EGX Executive Chairman, issued a decision regarding the regulations and conditions of exempting the companies seeking to list for the first time on SMEs market from the administrative service fees. This full exemption will be for the first 20 companies that meet the requirements and complete the documentations of listing before the end of September 30, 2026.
This cooperation is based on EGX Board of Directors’ decision issued at its session held on July 8, 2026. The exemption decision is conditioned that the companies should be nominated by MSMEDA as part of the existing partnership and cooperation protocol signed between the two sides.
The decision includes full exemption from administrative service fees of reviewing and studying companies’ requests submitted for listing on EGX, as well as fees of publishing financial statements, with applying the provisions of Capital Market issued by Law no. 95 for year 1992 and its executive regulations and decisions issued for their implementation.
As part of EGX’s efforts to facilitate procedures for SMEs, the decision stated that companies applying should submit business plans for the next three years, approved from the sponsor or one of the financial advisors licensed by FRA. These plans should include the targets set by the companies for expansion, capital increase, and expected profits, contributing to support the growth plans of SMEs.
According to this cooperation, MSMEDA allows to finance companies having approved financial statements from auditors licensed by FRA or CBE, to encourage companies to list on EGX.
From his side, Mr. Omar Radwan, emphasized that the new incentive, according to Prime Minister Dr. Mostafa Madbouly directions, aims to ease financial burdens on promising companies and encouraging them to be listed on EGX, supporting their expansion plans and enhancing their ability to grow and compete, providing them with more opportunities of attracting investments and finance through the financial market. Radwan added that this step comes within EGX’s plan to develop SMEs market, providing more incentives for promising companies to join the financial market, enhancing their ability to access diversified sources of finance and contribute to increasing listed companies base and boosting the role of the financial market in supporting national economy.
From his side, Mr. Mostafa Hassan, MSMEDA CEO, emphasized the importance of cooperating with EGX to encourage SMEs companies to list on EGX. He considered this cooperation a significant step to support SMEs sector in Egypt, opening new horizons for enterprises and companies of various sectors to benefit from finance and investment tools available through the stock market, enhancing their opportunities of growth and expansion and improving their competitiveness ability. Hassan praised the new incentive decided by EGX to ease the burden on SMEs seeking to be listed on EGX and to encourage them to grow and expand. He added that several companies have already shown their interest to be listed on EGX, and we are currently providing them with the necessary support to be listed once meeting the requirements. Hassan emphasized continuation of MSMEDA to implement the cooperation protocol signed with EGX, aiming to support listing of more SMEs on EGX, working on spreading financial literacy and simplifying listing procedures. In addition to MSMEDA financing of companies that got approved statements from auditors licensed by FRA or CBE, aligning with MSMESA’s funding rules and regulations. This reinforces encouraging companies to list on EGX not affecting their chances of getting funds from MSMEDA.
The decision includes mechanisms of tracking implementation of future plans of benefiting companies through disclosure sector, contributing to ensure companies are proceeding according to their plans and achieving their targets. The decision also permitted repetition of exemption for other periods according to evaluating its results and the extent to which initiative targets are achieved.
Recently EGX organized a series of workshops in collaboration with MSMEDA. These workshops aim to enhance awareness of SMEs of listing benefits and requirements of listing on EGX being one of the most important available platforms for sustainable finance of companies supporting their growth and expansion plans. This initiative also highlighted the growing attention of the state and its various institutions to SMEs sector, being one of the vital sectors supporting economic growth and providing job opportunities, aligning with Egypt vision 2030 goals.
