The Egyptian Exchange (EGX), today, launched the activities of its first promotional conference, in Port Said, entitled “The Stock Exchange for Development” under the patronage of Prime Minister Dr. Mostafa Madbouly, and in cooperation with the Egyptian Businessmen Association (EBA) and Port Said Governorate.
The opening session was attended by General Adel Ghadban, Governor of Port Said, Dr. Manal Awad, Governor of Damietta, Dr. Mohamed Farid Saleh, Executive Chairman of EGX, Mr. Ahmed Al-Sheikh, Vice Chairman of EGX, Adel Al-Lamie, member of the parliament, members of the Egyptian Businessmen Association (EBA), Mr. Ahmed Abu Al-Saad, and Ms. Dalia Al-Sawah EGX board members, Ms. Reem Al-Saadi, the Regional Director of SMEs Financing & Development Program at the EBRD, representatives of the SME market, in addition to a group of businessmen's in Port Said.
The conference comes within the framework of the Egyptian Exchange’s keenness to support the Egyptian government’s efforts in supporting SME businesses in various sectors, by financing growing businesses through the capital market.
The two-day conference program comprises sessions on financing through listing, investment and savings through the capital market, and many other sessions related to growing businesses and investors.
Dr. Mohamed Farid, Executive Chairman of EGX, during his opening speech reviewed the comprehensive economic reform program implemented by the Egyptian government, which included financial, monetary and structural reform to protect the less fortunate groups, the most important of which is the Solidarity and Dignity Program, stressing that these reforms contributed to the achievement of several goals most important of which is stability of economic indicators.
He referred to the objectives of the structural reform program of the Egyptian government, which primarily addresses the problems of industrialization, productivity and export, and increases the rates of economic growth.
He continued, that the capital market play a major role not only through financing growing business, but also as being an vital platform for trading and investment.
General Adel Al-Ghadban, Governor of Port Said, welcomed the capital market representatives to Port Said, stressing the importance of this event in raising awareness of financing through the capital market for the benefit of growing companies allowing the government to support and enable the financial, business and trade community in the governorate to increase its business and achieve its goals.
Dr. Manal Awad, Governor of Damietta, said, "We appreciated the efforts of the Egyptian Exchange's management to increase the levels of awareness and knowledge for companies’ financing, as well as helping individuals to save and invest properly."
During his speech, Mr. Adel Al-Lamie, Member of Parliament, a board member of the Egyptian Businessmen Association (EBA), said that the conference on promoting EGX in the governorates is a new beginning that helps small companies diversify their sources of funding and achieve their goals.
Ahmed Abu El-Saad, EGX board member, stated, during his speech, that the management of EGX has taken upon itself the diligent work to raise the levels of awareness and knowledge of the various financial and business communities of the importance of listing, offering and trading.
During her speech, Reem Al-Saadi, Regional Director of the EBRD, said that the bank is working with EGX on several strategic projects and programs to qualify SMEs companies and help them grow and achieve their goals, as well as accelerate their growth, which contributes to increasing employment rates.
