On Thursday, December 26, 2024, Ahmed El-Sheikh, Chairman of The Egyptian Exchange (EGX), opened the trading session, accompanied by Ibrahim Mohamed Heiba, Chairman of the Board of Directors of "Hebco” for Commercial Investments and Real Estate Development" (HBCO.CA), Heba ElSerafi, Vice Chairman of EGX, and Dr. Hashem El-Sayed, CEO of Odin Financial Investments (the company’s nominated advisor). The event "Ring-the-Bell" ceremony organized by EGX to celebrate trading commencement on Hebco shares following its listing on the Small and Medium Enterprises (SME) market.
Ahmed El-Sheikh congratulated the company's senior management on the completion of the listing process and beginning trading, encouraging them to leverage the advantages of being part of the capital market. He stated: "EGX has a concise plan to enhance the SME market as part of its strategy, which emphasizes supporting listed companies to implement their growth and expansion plans, thus transitioning to the main market. However, the ultimate goal is not merely to shift to the main market but to encourage companies to expand, increase their business volume, boost production, and create more job opportunities."
El-Sheikh highlighted EGX's pivotal role in the national economy, serving as a vital financing platform that enables listed companies to access necessary funds for growth. He extended his gratitude to EGX’s listing and promotion teams for their continuous efforts, which have resulted in listing several companies in recent months.
He also emphasized the importance of sectoral diversity in the listed companies, with EGX actively working to attract companies from various economic sectors. This strategy aims to enrich the capital market and strengthen the supply side by covering a broad spectrum of active economic sectors.
Dr. Hashem El-Sayed remarked that the listing is a significant milestone in the company’s expansion strategy. He added: “Being listed provides Hebco with numerous opportunities to access financial markets, secure necessary funding, and scale its operations, thereby facilitating transition from the SME market to the main market in the near future."
Ibrahim Heiba expressed his gratitude to EGX management for their cooperation and efforts during the listing process. He stated: “Our company has an ambitious plan to establish a robust governance framework and operational system, which will support its growth and streamline transition to the main market in the coming period."
