H.E. Dr. Mustafa Madbouli, Egyptian Prime Minister, held a meeting with Dr. Mohamed Farid Saleh, Executive Chairman of The Egyptian Exchange (EGX), to review the proposed action plan to achieve the goals of digitization, and to benefit the public from investing in the stock market to achieve the sustainable development goals in Egypt Vision 2030.
H.E. Dr. Mostafa Madbouli, Egyptian Prime Minister, said that this meeting comes as part of the Egyptian government's keenness to continuously coordinate with EGX, in adopting and supporting ambitious plans aiming to achieve financial and investment inclusion, and facilitating services through digital transformation, to increase the attractiveness of the Egyptian market.
Dr. Mohamed Farid, presented EGX’s performance indicators, including the IPOs development as a result of government IPOs, the increase in numbers of investors as a result of EGX’s financial literacy efforts. Also the plan for the development of institutional investments in the Egyptian Market.
Dr. Farid presented the highlights of the proposed plan, and the operational steps necessary to implement it, in cooperation with related ministries and entities. He said that the the plan targets a number of mechanisms contributing to the increase of listed companies number and the numbers of investors. This in turn increases the competitiveness of the market and provides financing to different economic sectors.
