The Egyptian Exchange (EGX) signed a cooperation agreement with Ahram Canadian University on Tuesday, December 3, 2024, as part of its efforts to promote financial literacy among students. The agreement will facilitate specialized training programs designed to enhancing financial awareness and deepen students' understanding of investment principles. This initiative aims to prepare a new generation of youth striving for economic success.
The agreement was signed by Ahmed El-Sheikh, Chairman of EGX, and Dr. Khaled Hamdy Abdel Rahman, Chairman of Ahram Canadian University. Witnessing the signing were Dr. Mohamed Fayez Farhat, Chairman of the Board of Directors of Al-Ahram Institution, and several editors-in-chief of AlAhram publications including Mohamed Ibrahim El-Dessouky, Editor-in-Chief of Al-Ahram Web and Al-Ahram Al-Masaei, Eman Iraqi, Editor-in-Chief of AlAhram Economic and Language of the Era, and Mr. Mohamed Abdallah, Editor-in-Chief of Youth Magazine.
During the event, Ahmed El-Sheikh extended his gratitude to Dr. Mohamed Faiz Farhat and Dr. Khaled Hamdy Abdel Rahman for their warm hospitality and genuine willingness to collaborate. He emphasized EGX’s commitment to promoting financial literacy among university students through lectures and educational materials about the fundamentals of the stock market and investment. Additionally, he highlighted the use of stock market simulation models to provide hands-on learning experiences.
El-Sheikh commended Ahram Canadian University's strategy for fostering collaboration and spreading financial awareness among its students and affiliates. He also expressed EGX's ambition to integrate a course on the principles of financial markets into the curriculum for first-year students across universities. This initiative aims to equip youth with essential financial skills, enabling them to navigate the economic and business environment after graduation.
El-Sheikh noted the historical significance of both EGX, which has a legacy spanning 140 years, and Al-Ahram Institution, which has been in existence for approximately 159 years. He also mentioned that part of EGX's historic downtown Cairo building, established around 100 years ago, has been converted into a museum open to the public.
The collaboration between EGX and universities has been ongoing for years as part of its strategy to engage with various state institutions and implement financial literacy activities. To date, around 36 cooperation agreements have been signed with Egyptian universities under this framework. El-Sheikh emphasized the need to change the perception of the stock market as merely a speculative domain, emphasizing that it is an investment avenue like any other, with both profit and risk potential. He underscored the importance of raising awareness about financial education, teaching investment principles, and encouraging youth to learn.
He further pointed out that investing in EGX allows individuals to start with modest amounts of money and potentially become shareholders in major listed companies.
Dr. Mohamed Fayez Farhat, Chairman of Al-Ahram Institution and Chairman of the Board of Trustees of Ahram Canadian University, highlighted the significance of this partnership as it bridges theoretical knowledge with practical application in one of the key entities under Al-Ahram's umbrella. He described the university as a vital arm of the institution and noted the rarity of a media institution managing a university with academic partners both within and outside Egypt. He expressed optimism about extending this collaboration to other areas within the institution and leveraging partnerships with EGX to build effective strategies and foster sustainable communication.
Dr. Khaled Hamdy Abdel Rahman, Chairman of Ahram Canadian University, described the cooperation with EGX as fruitful. He stated that it aligns with the university's mission to establish more partnerships with diverse institutions to improve students’ competencies, enabling them to compete in local and global job markets. He also expressed hope for further development in the partnership to improve both the scientific and practical performance of students.
