The Egyptian Exchange (EGX) in collaboration with the London Stock Exchange Group (LSEG) held a SMEs roundtable discussion on funding and technical support for their expansion.
The roundtable was attended by representatives of international financial institutions, namely; International Finance Corporation (IFC), European Bank for Reconstruction and Development, CDC Group, as well as representatives of Egyptian SMEs from different sectors looking for funding for future expansions.
The panels of the roundtable discussed the efficient means for capital increase, experiences of companies to get funding, as well as the challenges faced during the listing process in the capital market, and lastly how to optimize professional communication process to support growth strategies.
Mohamed Farid, EGX Chairman, said that the capital market has technological and legislative infrastructure that enables small businesses to access funding for future extensions, stressing that the new CRM system recently launched by EGX will increase the awareness of the potential companies with the benefits and procedures of listing.
The Chairman noted that he is looking forward for a future cooperation by the participating international institutions to work jointly to support the growth strategy of small business, he confirms that the coming period will witness a continuation of the consultation and how does those institutions support small companies that are looking for financing for their development.
