On the occasion of ringing the bell to celebrate the commencement of trading of “Tawasoa Factoring” shares on the Small and Medium Enterprises Market (SMEs), Dr. Islam Azzam, Executive Chairman of EGX, opened today’s trading session, Thursday, 13 November 2025, in the presence of Mohamed Sabri, EGX Vice Chairman. The event was attended by Mohamed Hazem Saad Zaghloul, Chairman of Tawasoa Factoring; Samer Daoud, Managing Director; and Hussein Sedky, CEO, along with senior executives from EGX and Tawasoa, as well as prominent figures from the financial community.
Dr. Azzam extended his congratulations to the management of Tawasoa Factoring on this milestone, wishing the company continued success and reaffirming EGX’s ongoing commitment to supporting high-potential companies seeking to expand and grow through listing on the stock exchange.
He emphasized that the listing and commencement of trading of Tawasoa Factoring shares underscores EGX’s continuous efforts to broaden its base of listed companies and highlights its expanding role in enabling issuers to access the funding required to accelerate growth and strengthen operational sustainability. He noted that total paid-in capital of companies listed on the SMEs Market rose to approximately EGP 552 million in 2024, compared to around EGP 140 million in 2023—an increase of 295%.
Dr. Azzam added that EGX continues to advance the development of the SMEs Market to attract more promising companies, stressing that new listings enhance investment diversity, deepen market liquidity, and improve overall market efficiency. He highlighted that EGX now comprises approximately 250 listed companies, including 22 SMEs across 13 sectors. He further pointed out the notable rise in market activity this year, with trading volumes (excluding deals) surpassing 37.2 billion securities, compared to 7.5 billion securities in 2024—an increase of nearly 400%. Trading values in 2025 (excluding deals) reached EGP 7.4 billion versus approximately EGP 5.5 billion last year, marking a growth of around 35%.
He also noted that 10 companies have successfully transitioned from the SMEs Market to the Main Market, reflecting the effectiveness of EGX’s strategy in supporting companies’ growth and advancement.
For his part, Samer Daoud, Managing Director of Tawasoa Factoring, expressed his pride in this landmark occasion, which he described as the culmination of years of dedicated work, a clear strategic vision, and a firm belief in the company’s mission to empower Egyptian businesses through innovative factoring solutions. He stated that Tawasoa’s listing on EGX represents not only a significant corporate achievement but also a testament to the increasing confidence of investors in the non-banking financial services sector and its vital role in driving economic growth and supporting the financing needs of small and medium enterprises.
Daoud added that the public offering provides Tawasoa with an enhanced opportunity to expand its capital base and strengthen its portfolio by introducing new financing products in response to rising market demand. He reaffirmed the company’s full commitment to maximizing value for shareholders, partners, and clients while adhering to the highest standards of transparency and corporate governance.
He extended his sincere appreciation to the Financial Regulatory Authority (FRA) for its continuous support and effective oversight, which contributed significantly to the success of the offering. He also expressed gratitude to The Egyptian Exchange (EGX) for its pivotal role in fostering an attractive investment environment and supporting the development of the Egyptian financial market. Daoud further acknowledged the dedication and efforts of the Tawasoa team, whose commitment enabled the company to reach this milestone. He concluded by affirming that today marks the beginning of a new chapter in Tawasoa’s journey toward sustainable growth and deeper contribution to the advancement of the Egyptian financial sector.
