As The Egyptian Exchange’s (EGX) commitment to strengthening its regional and global presence and exchanging expertise with leading global exchanges, Dr. Islam Azzam, Executive Chairman of EGX, participated in the World Federation of Exchanges (WFE) 64th General Assembly and Annual meeting. The event held in Turkey hosted by Borsa Istanbul during the period from 21st to 23rd of October, with the participation of selected Chairmen and Chief Executive Officers of leading global markets to discuss the latest developments of the capital markets and present future visions to enhance its efficiency and sustainability.
In a panel discussion titled “Gold Reimagined: Market Infrastructure and Investor demand in a New Era”, Executive Chairman of EGX presented the development of the Egyptian gold market and its future prospects, in light of the growing momentum of gold investment and significant potential of the Egyptian market, both in terms of raw gold reserves or gold trading volumes. The discussion also covered the regulation of alternative investment instruments and enhancing financial inclusion.
Dr. Azzam stated that the launch of gold investment funds provided investors with safe and organized vehicle for investing in gold offering both; cash and physical settlement, to those who want to save the precious metal in its physical form. He pointed out that EGX in coordination with the Financial Regulatory Authority (FRA) publishes daily pricing of gold fund certificates on its website, in addition to publishing the price of gold from reliable and accredited sources to enhance transparency and raise awareness among investors dealing with these funds.
He explained that the market witnessed significant growth regarding the demand of investment in gold, with an increase of the total net assets of gold funds to around EGP 3.16 billion by the end of September 2025, and around 276% increase since the beginning of year 2024. Meanwhile, the number of investors reached more than 238 thousand investors. He added that these numbers reflect the increasing confidence in financial instruments related to gold as a safe and balanced investment option as currently the market includes four active gold investment funds.
Azzam also pointed out that youth segment represents the largest proportion of investors in gold funds, with percentage exceeding 80% of investors. This reflects the success of the efforts exerted by Financial Regulatory Authority to attract new categories of investors through advanced digital solutions as well as simplifying procedures of opening accounts, and electronic investment.
Azzam added that EGX is working on a comprehensive update of its trading system technological infrastructure to enable trading on all types of financial assets such as: stocks, debt instruments and derivatives and other financial products. Besides studying the best international practices in gold trading and settlement.
EGX seeks to increase the number of listed companies through attracting the listing of companies of different stages of gold supply chain including: mining, refining, and manufacturing of gold to enhance diversity of sectors and supports the growth of precious metals market.
EGX Chairman concluded his speech affirming that the coming years would witness increased integration between the gold market and the financial markets, along with an expansion of investor base and an
increase in the number of companies operating in the gold value chain listed on EGX. This will deepen the market and maximize the achieved added value.
