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The Egyptian Exchange (EGX) hosted EGYTRANS Company’s Ring a Bell celebrating the silver jubilee of listing on EGX. The event was held in the presence of Rami El-Dokany, Chairman of the Egyptian Exchange (EGX), Heba El-Serafi, Vice Chairman of the EGX, and top management of EGYTRANS, headed by Gamal Moharram, Chairman of the Board of Directors and Eng. Abir Laheta, Chief Executive Officer.
Rami El Dokani, Chairman of the Egyptian Exchange (EGX), said that EGYTRANS's success story shows how companies can benefit from listing in the stock market and secure the necessary financing for its expansions, always keep abreast of the latest technological developments, follow the best management practices and adhere to the latest international standards of governance.
Gamal Moharram, Chairman of EGYTRANS, reviewed EGYTRANS's experience with listing in 1998, the positive impact of listing on the company's performance. He added that it was one of the pillars that formed a new start for EGYTRANS, enabling it to strengthen its brand in the market. This was reflected in the high level of services provided by EGYTRANS in various sectors of transport and logistics services, which in turn led to an increase in the company's share in the market and accordingly become one of the largest names in the Work.
Muharram stressed that EGYTRANS has proven during fifty years tremendous efficiency in dealing with all types of transport, as each of them requires a specific plan and different thinking so that the parcels arrive at the specified and appropriate time for each site according to its specifications. This confirms EGYTRANS's expansionist business footsteps not only in Egypt but also in Africa and the Middle East.
Abir Leheta, the Chief Executive Officer of EGYTRANS, said that the most important results are the last quarter of 2022. She pointed: "It's expected that the market value of the transport sector will pass USD50 billion by 2024. Egypt is developing as one of the major trading countries and creating a wide range of opportunities for service providers. The government also aims to position Egypt as a production and distribution center to serve Europe, the Middle East and Africa. This is in line with its Vision 2030, Economic Development as an essential Section, which includes the development of transport infrastructure.
The increase in companies' penetration of construction activities is expected to increase the demand of logistic projects, contract logistics serving industry and retail sectors. Egypt is expected to record the highest growth rate in the Levant and North Africa, where growth rate accelerated from 4.2% in 2017 to around 5.0% by 2019 and 5.5% by 2021."
She added: "The world is in a consistent development and it rebuilds itself to face the economic, environmental and health crisis in addition of the Russian and Ukrainian war and others which create more conscious and cultured picture at the end. EGYTRANS has witnessed challenges that we have faced successfully over 50 years with the logistics and transportation sector beside other challenges that we are still facing it with full team of expertise, outstanding capabilities and continuous work. This will deliver integrated, secure, cost-efficient and timely transportation solutions that support success of our customers in various sectors, whether in the local or new markets. "
Leheta said: "Despite events in the last quarter of 2022 which the world has been met with a wave of continuous changes in global supply chains, I am proud of the evolution of the company's financial performance in terms of growth and revenue ratios. Although the global transport and logistics market shrank by 9% and large volatility in demand during the year, EGYTRANS was able to manage the crisis and reduce its impact through strict cost management procedures, controlling and implementing of flexible work plans.
