The Egyptian Exchange (EGX) is continuing its promotional plan for the business community. In the last few days EGX participated in 2 meetings targeting the Egyptian Junior Business Association (EJB) and 10 th of Ramadan Businessmen association in presence of a large number of promising companies. The meetings aimed to exhibit the benefits obtained by the companies either by listing in the main market or in NILEX market for small and medium companies.
EGX management said that those meetings came in the context of EGX strategy for the period (2014-2017), which contains a general hub to inform the business community about the opportunities available for funding within the market, where EGX cooperates with the business organizations to access larger segment of companies from different governorates, whether large, medium or small companies.
Dr. Mohammed Omran, EGX Chairman stated that EGX main challenge is changing the community culture that overlook the important role of the Stock Exchange in financing companies and help them to expand, and thus achieve higher economic growth rates.
Omran said that establishing the strategic planning and management by objectives principles helped to increase EGX work efficiency. A clear goal was set for EGX team at the beginning of the year which is to list 10 new companies during 2014. both in the main market and in NILEX.
And despite the exceptional circumstances witnessed by the market, but we exceeded our target, by listing 13 new companies during 2014, which is considered as a valuable addition for the market depth, and one of the highest annual listed companies increase rates from a number of years. So the total funding provided to increase the companies’ capital was more than LE 11 Billion during in the last 14 months.
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FTSE Mondo Visione Exchanges Index:
Egyptian Exchange Continues Its Efforts To Attract New Companies To List
Date 14/12/2014