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Ahmed El-Sheikh, Executive Chairman of The Egyptian Exchange (EGX), and Dr. Mohamed El-Shenawy, Chairman of Galala University, signed a protocol in line with EGX’s initiative to spread financial awareness and basics of investment in EGX. Both parties targets strengthen cooperation maximize contribution to development in Egypt.
Dr. Ihab Hassanein, Vice Chairman of Galala University for Academic Affairs, Dr. Ahmed Hanno, Vice Chairman of Galala University for Student Affairs, Dr. Rana Zidan, Secretary General of Galala University, and a number of deans, program directors, and department directors at the university attended the ceremony.
El-Sheikh and his accompanying delegation toured the university campus, accompanied by university leaders, during which they were briefed on the latest capabilities of the educational process in various fields, including the latest skills and simulation laboratories and medical clinics. El-Sheikh and his accompanying delegation applauded the achievements of the university and stressed that the experience of Galala National University is inspiring to us all. He wished the university, its faculty, its administrative staff, and its students all success.
El-Sheikh stated that implementation of this agreement will be through delivering lectures to students about principles of the stock market and the trading simulation model (StockRiders) as well as preparing and distributing educational e-material , in addition to organizing awareness seminars about advantages of listing and investing in EGX. Additionally, the protocol covers preparing distinguished students to become EGX ambassadors.
El-Sheikh added: "We will cooperate with Galala National University in supporting entrepreneurship and financial technology through organizing innovation programs and competitions, especially using AI. He praised the University’s innovation center that helps qualify youth for the labor market as entrepreneurs contributing to the national economy.
El-Sheikh added that financial awareness and literacy is no longer luxury, but rather important helping youth to plan financially for their future. He added: “improving financial literacy among youth contributes to changing their consumption patterns; rationalizing consumption and developing abilities to innovate and to generate solutions to existing challenges.”
EGX Chairman stated that EGX is working diligently to change the stereotypical image about stock markets. EGX is an investment platform for traders and investors, including youth, and a financing platform for listed companies.
El-Sheikh stated that this protocol comes as an implementation of the sixth pillar of EGX’s strategy; “promotion, spreading financial literacy, training, and international relations.”
Dr. Mohamed El-Shenawy praised the importance of cooperation with EGX to implement proposed programs and training workshops in order to exchange experiences and develop the students’ professional skills, which contributes to creating job opportunities through spreading financial literacy. He pointed to the university’s endeavor to provide support for students in leadership and creativity, to graduate a new generation capable of competing locally and globally.
El-Shenawy added: Galala University reflects Egypt’s vision of creating new urban communities as the nucleus of the city of Galala. Number of university students is more than 8,600, studying in 41 programs in 13 sub-fields in medical, engineering and literature sectors. Adding that number of faculty members, administrators and students reached more than 10,000 after just 3 years of establishment. This indicates that the university has achieved many of the country’s goals through local, regional and international partnerships, including partnership with Arizona State University, one of the most important and largest internationally ranked American universities.
