H.E. Eng. Hassan El Khatib, Minister of Investment and Foreign Trade, rang the opening bell at The Egyptian Exchange (EGX) to mark the new term 2025-2029 for the Exchange’s Board of Directors.
In his remarks, the Minister expressed gratitude to the outgoing board for their valuable contributions to the development of EGX and congratulated the new members, wishing them success in leading EGX through a critical phase of economic transformation.
El Khatib highlighted EGX’s historic role, stating: “For more than 140 years, EGX has been a cornerstone of the national economy, evolving in line with economic developments and serving the country’s objectives of growth and job creation. EGX reflects both the performance of the economy and the confidence of investors-a fact clearly demonstrated in recent market activity.”
H.E. noted that recent surges in market performance and trading volumes have mirrored broader improvements in key economic indicators, including exchange rate stability, rising foreign reserves, declining inflation, and stronger net foreign assets.
H.E credited this momentum to EGX’s comprehensive development strategy, which has set clear priorities for: updating listing rules and trading mechanisms, introducing new financial instruments, promoting the market locally and internationally, and enhancing financial literacy among investors. These measures, H.E. added have strengthened market efficiency and positioned EGX to align with Egypt’s broader economic reform agenda.
El Khatib further stressed that the state is moving decisively to improve the investment climate and empower the private sector, guided by integrated fiscal, monetary, and trade policies. A key element of this effort is the recently approved law regulating state ownership in companies, which establishes a State-Owned Companies Unit to oversee ownership decisions and optimize returns.
He emphasized the state’s commitment to advancing the IPO program as a national priority. The program seeks not only to list new companies but also to enhance market depth and expand the investor base, whether through strategic investors or public offerings on EGX.
“We are transforming divestment into an opportunity to maximize returns, enhance transparency, and accelerate implementation. The coming period will witness strong momentum fueled by high-quality offerings across diverse sectors,” H.E. said.
H.E. also announced that the Investment Authority, in cooperation with EGX, is preparing a package of investment incentives to encourage listings and reinforce EGX’s role as a primary financing platform for corporate growth. In parallel, legislative amendments are being developed to ease financial burdens, expand the range of available instruments, and strengthen Egypt’s position in global indices-further attracting foreign capital.
Ahmed El-Sheikh, Chairman of EGX, welcomed the Minister’s participation, affirming that the visit reflects the state’s recognition of the Exchange as a key driver of sustainable economic growth and investment attraction.
He added that the government’s continued support for institutional and regulatory infrastructure development will enhance EGX’s capacity to contribute to Egypt’s long-term development goals while drawing greater local and foreign investment.
