- Mohamed Sabry: The Egyptian market targets integration into international markets.
- AbdelAziz Alsherif: Seeking to enhance levels of trust and increase opportunities of attracting foreign investments to Egypt.
- Ayman Taha: The Financial regulatory protects investors’ rights, and The Egyptian market draws the attention of global companies.
- Rehab Sallam: Cooperation between all parities represents a strategic partnership aiming at aligning investment messages and enhancing Egypt’s position on the global investment map.
The Egyptian Exchange organized a video conference meeting with the attendance of: Mr. Mohamed Sabry, EGX Vice Chairman; Dr. Abdel Aziz Elsherif, head of Egyptian Commercial Service (ECS); Mr. Ayman Taha, EGX Advisor for promotion; Ms. Rehab Sallam, EGX General Manager of International Relations; as well as about 60 of the members of the ECS around the world, to discuss ways of enhancing companies’ attractiveness and expanding the base of international investors.
Mohamed Sabry, EGX Vice Chairman started by welcoming the participants presenting the available opportunities in the Egyptian market and Stock exchange, as well as the surveillance of the Egyptian market.
During his speech, EGX Vice Chairman introduced the available trading options for investors either individuals or institutions, through platforms of EGX’s membership brokerage firms, emphasizing surveillance and security at the Egyptian market. He also highlighted the role played by the Financial Regulatory Authority to secure investors’ funds, providing all the guarantees to enter and exit the market easily.
He also emphasized that the Egyptian market targets to integrate with the different markets of the Arab, African, and Asian region, besides the global market. He intended holding discussions with all relevant parties during the upcoming period to attract the largest number of foreign investors and funds adding new investments to the Egyptian market.
From his side, Dr. AbdelAziz Elsherif, Head of Egyptian Commercial Service (ECS), said that this meeting is held in the framework of cooperation between The Egyptian Exchange and The Egyptian Commercial Service. This cooperation between the two entities represents a strategic partnership targeting enhancing Egypt’s position on the global investment map, attracting more foreign investments to the Egyptian market.
He highlighted that the role of the diplomatic missions is not only limited to diplomatic representation, but also extends to include conveying the economic and investment image of Egypt to the international business community, enhancing levels of trust and increasing opportunities of attracting investments.
During his speech, Ayman Taha, EGX Advisor for promotion, presented trading options in the market and the opportunities available for investors, both Arab and foreigners, with their various categories, whether institutions or individuals.
He also clarified the principles of the Egyptian market, and the role of the Egyptian Exchange as a national platform targeting providing financing companies as well as investment.
Also Taha referred to the mechanism of demand and supply that affect price changes, reaching the role played by the regulatory authorities to ensure transparency and protecting investors.
During his speech, he also clarified the nature of the stock market, including primary market for issuing stocks and bonds, and secondary market for trading of these instruments among investors.
From her side, Rehab Sallam, General Manager of International Relations at EGX, emphasized during the meeting that “we may miss many investment opportunities due to delayed or undelivered information”. She added that “we have to develop effective channels to continuously convey investment opportunities across global markets, ensuring existence of ongoing dialogue”.
She added that “although the meeting is held remotely, it represents an important opportunity to strengthen mutual cooperation with the participation of ECS representatives around the world, being an effective network capable of conveying the unified Egyptian investment message for different international markets, emphasizing the importance of integrated efforts and unified vision to achieve common goals”.
The meeting marked a significant interaction from the attendees, where many questions were raised about investment opportunities as well as the challenges confronting emerging markets, contributing to deepening the practical understanding of the participants, and enhancing their ability to represent the Egyptian economic interests abroad more efficiently and professionally.
