EGX Holds Meetings With The Investor Relations Executives, Fund Managers And Research Departments In The Financial Institution’s

As part of its efforts to deepen and enhance the market efficiency, The Egyptian Exchange (EGX) held a workshop yesterday where of a number of investment managers, research departments and brokerage firms met with investment relations executives of 3 listed companies; Alexandria Mineral Oils Company (AMOC), Abu Qir Fertilizers, and Telecom Egypt. This meeting came within the context of activating efficient channels of communication between the market participants.

During the meeting, the investors’ relations executives clarified the recent disclosure data of their companies' and reviewed the position in accordance to the latest announced financial status; this is in line with the EGX disclosure Rules and regulations.

The meeting is the first of a series of meetings that EGX plans to hold to bring together financial analysts, investment managers with the investors’ relations executives of the listed companies. During the meetings, they will clarify their business plans and data previously disclosed as this is a part of efforts to raise the quality of disclosure of the listed companies.

From his side, Mr. Mohamed Farid, EGX Chairman, said that holding such meetings comes within the framework of the EGX management plans to formulate a more sophisticated and effective system for the Egyptian capital market. He pointed out that the upcoming period witness higher attention to develop the capabilities of the listed companies’ investors’ relations executives in cooperation with the business associations. This is to enable them to meet the needs of the market participants and help them define their investment decisions.

Within the same context, the attendees from the investment managers and research departments in the financial institutions spoke a positive feedback this type of direct communication with the listed companies. They pointed out that the contribution of EGX in organizing such meetings significantly contributes to widen the channels of ??communication with the investors’ relations executives of the listed companies. These meetings give the chance to answer all the queries of the investment decision makers regarding the disclosures submitted by the listed companies within the legal framework which helps financial analysts to prepare financial and research reports on the performance of these companies.