Mr. Omar Radwan, Executive Chairman of the Egyptian Exchange, inaugurated the trading session on Wednesday June 3,2026, with the participation of Mr. Mohamed Sabry, Vice Chairman of the Egyptian Exchange, and Mr. Samer Daoud, Managing Director and Vice Chairman of TAWASOA for Factoring, ringing the bell celebrating the transition of TAWASOA for Factoring from the Small and Medium enterprises market (SMEs) to the main market, with the attendance of several company executives.
Omar Radwan stated that “one of the most prominent priorities of EGX’s development strategy, in coordination with the Financial Regulatory Authority (FRA), is working to implement an integrated plan to develop SMEs market supporting their growth, expansion, and increasing business volume contributing their transition to the main market.”
Radwan emphasized that EGX continues expanding the range of its products to meet the changing needs of both local and international investors. This includes developing derivatives markets, introducing advanced risk management tools, expanding the range of traded investment products, strengthening the market through bonds, Sukuk, green bonds, and sustainability related instruments, as well as other innovative financial solutions.
Radwan said that according to numbers and indicators, EGX continues moving steadily with the daily trading values exceeding US$200 million, which reflects growing investors’ trust and market’s ability to accommodate new offerings, as well as dealing with any challenges or unexpected crises.
EGX CEO added that: “Our strategy at EGX is to change the Egyptian market to a deeper, more diversified, technologically advanced, and internationally competitive market, capable of supporting sustainable economic growth and attracting long-term capital investments.”
From his side, Mr. Samer Daoud, Managing Director and Vice Chairman of TAWASOA for Factoring said: “Transition of TAWASOA for Factoring to EGX main market represents a strategic step reflecting successful journey of institutional growth and development achieved during the past years, enhancing investors’ trust in our business model. Also the capital increase to EGP115 million will support our expansion plans, and enhance our ability to meet the increasing financing needs of our clients.”
He added: “During the upcoming phase, we aim to expand our clients base, diversify funding resources, enhance the company’s position among the non-banking financial services market, while continuing to provide innovative financing solutions that support companies’ growth aligning with market developments.”
EGX recently approved listing the capital increase for TAWASOA For Factoring from EGP75 million to EGP115 million, in a step that reflects continuation of the company’s business growth, and enhances its ability to implement its expansion plans during the upcoming phase. The value of the increase amounted to EGP40 million, distributed over 40 million shares, at a par value of EGP 1.00 per share, deposited cash for the subscription of the existing shareholders, representing the fifth issuance of the company’s capital since its establishment.
The listing committee also approved amendment of listing the shares of TAWASOA for Factoring from the SMEs market — in accordance with the provisions of Article (9) of listing and delisting rules — to be listed on the main market in accordance with the provisions of Article (7) of the listing and delisting rules, as per the item (2) of Article (23) bis of the rules for listing and delisting of securities on the Egyptian Exchange, with the same data of listed shares of the company after completing cash increase.
