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Ahmed El-Sheikh, Chairman of The Egyptian Exchange (EGX), and Dr. Sherif Fakhry Mohamed Abdelnaby, President of the Egyptian Russian University (ERU), signed a cooperation protocol at the university campus in Badr City, Cairo Governorate. The protocol aims to enhance financial awareness among university’s students, open new horizons for financial and economic education, and affirm the vital role of EGX in the national economy. It also seeks to boost financial literacy across the different society segments, especially university youth, as part of continuous efforts to empower youth, integrate them into the economic system, prepare them to meet labor market demands and contribute to building a strong and active society.
During the signing ceremony, Ahmed El-Sheikh stated that fruitful investment requires integration of academic knowledge with practical application. Therefore, the signed protocol aims to promote financial literacy among university students and enhance their ability to manage savings and investments, while equipping them with the essential theoretical and practical skills.
He further explained that EGX’s vision—particularly over the past two years—has focused on raising investment awareness among university students across various Egyptian governorates. He emphasized the importance of including specialized courses in investment principles and fundamentals in university curricula, to help graduates develop a solid financial culture and make informed saving and investment decisions, while encouraging responsible consumption behavior as well.
El-Sheikh added that this cooperation seeks to develop students' skills in managing personal financial resources and making sound financial decisions. He highlighted that the protocol supports the entrepreneurship initiatives based on academic knowledge and practical application, and plays a vital role in reinforcing financial literacy among students.
In conclusion, El-Sheikh stressed the importance of investors carefully selecting licensed brokerage firms and verifying their credentials. He confirmed that such information is accessible through EGX’s official website.
On his part, President of the Egyptian Russian University stated that signing this protocol with EGX marks a significant step towards instilling a culture of saving, investment and entrepreneurship among students. This will enable them to establish and manage their own future projects, supported by education from capital market experts through workshops, seminars, lectures and field training visits to EGX departments and trading floor. These activities aim to help students learn how to manage money professionally and master the tools of success in both local and international financial markets.
Dr. Abdelnaby pointed out that the stock exchange is one of the investment avenues—provided that the investor possesses sufficient knowledge and understanding of trading practices, and operates through licensed companies acting on behalf of clients. He added that the stock exchange allows for diversified investments across various industrial and commercial sectors, thanks to the range of listed companies and the diversity of their business activities.
On the same topic, Dr. Al-Tahera El-Sayed, Dean of Faculty of Management, Economics, and Business Technology at the ERU, welcomed the partnership with EGX as the official securities market in Egypt and the entity responsible for promoting financial literacy in society. She highlighted the faculty’s commitment to equipping students with the necessary knowledge and skills to prepare graduates who can compete in the labor market—locally, regionally, and internationally—and contribute to building a promising economy for Egypt and achieving the Sustainable Development Goals and Egypt Vision 2030.
In a related context, Dr. Nehad Hosny Youssef, lecturer in the Accounting Department at the Faculty of Management, Economics, and Business Technology, described the cooperation protocol as a strategic step towards enhancing students' financial awareness. It helps them gain practical experience about capital markets and banking institutions, and prepares qualified young professionals who can drive the Egyptian economy forward. She noted that EGX plays a pivotal role in the economy by providing diverse investment opportunities that will assist graduates in their professional lives.
