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Dr. Hala Al-Saeed, Minister of Planning and Economic Development, met with Muscat Stock Exchange (MSX) delegation headed by Mohammed Mahfouz Al-Ardhi, Chairman of the Board of Directors, and Haitham Salem Al-Salmi, CEO of Muscat Stock Exchange. The meeting was attended by EGX Chairman Rami El Dokany, Ayman Soliman, Egyptian Sovierign Fund CEO, Naglaa El-Baili , Assistant Minister of Planning for Asset Management and Investment, Mohamed Abazid, Legal Advisor, and Hazem Khairat Director of the International Relations Office at the Ministry Ambassador.
Dr. Hala El-Said stressed the depth of Egyptian-Omani relations, and referred to the visit of President Abdel Fattah El-Sisi to Oman several months ago and confirmed the depth of the relations between both countries. During the meeting, El-Said reviewed the Ministry of Planning and Economic Development activities and important files and projects it supervises, as well as the structural reforms program and its objectives to develop the Egyptian economy.
The Minister of Planning and Economic Development also reviewed Egypt's experience in establishing the sovereign wealth fund and its sub-funds in the fields of infrastructure, tourism, pharmaceutical industry and financial technology, as well as working on establishing a pre-privatization fund, which aims to achieve the highest returns from the offering of state-owned companies within the privatization program.
Rami El-Dokany, Chairman of the Egyptian Exchange, stressed that the visit comes within the framework of continuous and extended cooperation within the parameters of the bilateral memorandum of cooperation signed with the Muscat Stock Exchange, which aims to exchange experiences, discuss joint listing mechanisms and facilitate the work of investment and financial institutions between the two exchanges.
Mohamed Mahfouz Al-Ardhi, Chairman of the Board of Directors of the Muscat Stock Exchange, stressed the keenness of the Muscat Stock Exchange to expand cooperation with the Egyptian Exchange, investment institutions and the government in the Arab Republic of Egypt, and to take advantage of the available opportunities, due to the Egyptian Stock Exchange An important economic development in recent years.
