Dr. Islam Azzam, Executive Chairman of The Egyptian Exchange (EGX), expressed his deep appreciation to the political leadership for the placed trust in him through his appointment. He affirmed that this confidence serves as a strong motivation to continue working diligently to strengthen the role of the capital market in supporting the national economy, while aligning with international best practices.
Dr. Azzam stated that the coming period will witness accelerated progress across several strategic priorities, foremost among them the introduction of financial derivatives, activation of the market maker mechanism, and the facilitation of short selling. These initiatives are central to EGX’s mission of driving economic growth by offering innovative financing and investment solutions, enabling companies to expand and providing investors with diverse opportunities tailored to their needs.
He further emphasized that EGX’s approach in the next phase will be grounded in continuous dialogue with all market participants, ensuring the formulation and execution of policies that deliver tangible impact and added value. This, he noted, will contribute to deepening the market, enhancing its efficiency and competitiveness, attracting further investment, and reinforcing the standing of Egypt’s capital market.
On market dynamics, Dr. Azzam underlined that trading activity is governed entirely by supply and demand. He stressed that no restrictions will be imposed that could hinder market performance or constrain growth, while reaffirming EGX’s commitment to safeguarding the rights of bona fide investors and taking all necessary measures, in coordination with the Financial Regulatory Authority, to address any violations.
He further highlighted the ongoing and close coordination between EGX and the Financial Regulatory Authority, a partnership that enhances the efficiency of the capital market ecosystem and consolidates its role as one of the key drivers of the national economy.
Dr. Azzam also expressed his pride in the dedication and efforts of EGX’s employees, noting that EGX’s success is driven by collective commitment and teamwork. He called for renewed effort and a spirit of innovation and creativity to elevate EGX’s position locally, regionally, and internationally, while reaffirming full support and appreciation for the workforce.
Looking ahead, Dr. Azzam stated that promotional activities will be intensified to attract more listings, with particular focus on private sector companies. This, he added, will contribute to boosting market liquidity and activity, enhancing EGX's appeal to both domestic and international investors, and supporting the government’s objectives under the State Ownership Policy Document by broadening the shareholder base of state-owned enterprises through the capital market—an essential step towards strengthening private sector participation in the economy.
