EGX Executive Chairman Participates In An Extensive Meeting With The Alexandria Businessmen Association (ABA) Reviewing Listing Benefits And Financial Market Incentives

During the meeting, EGX Executive Chairman highlighted the strategic importance of listing companies on EGX, clarifying that listing is the key tool to diversify funding sources and provide necessary liquidity for capital expansion without relying on bank facilities only. Besides its role in increasing efficiency of governance and ensuring sustainability and continuity of economic entities.

 

In his speech, Mr. Omar Radwan emphasized that EGX has a clear strategy to encourage companies of different sizes and motivate them to join EGX. He highlighted that listing is not merely a platform for finance, as it is rather a real opportunity and a growth driver enabling productive and service entities to expand regionally and internationally, enhancing their competitive abilities and transparency for domestic and foreign institutions and investment funds.  

 

EGX Executive Chairman also pointed to the recent package of facilities and tax incentives decided to encourage investment. He highlighted their positive impact in reducing listing expenses and encouraging the business environment. He also referred to the cooperation protocol signed between EGX and Micro, Small, and Medium Enterprises Development Agency (MSMEDA), which included facilitating procedures and fees incentives targeting encouraging and qualifying promising projects to list and benefit from capital market mechanisms.

 

The meeting witnessed an open direct dialogue between Omar Radwan and investors as well as members of business community in Alexandria. Radwan answered questions of attendees, which focused on simplifying listing procedures, listing expenses, readiness of family business for disclosure requirements, mechanisms of protecting ownership stability, and transfer of management across generations while attracting new partners.

 

From her side, Dr. Dalia El-Sawah, EGX board member and representative of SMEs seat, emphasized that listing of companies on EGX is a pivotal step to support growth and sustainability of Egyptian economic entities. She pointed out several advantages that listing offers for national and family firms, mainly enhancing corporate governance principals and facilitating transfer of management across generations. In addition to the fair valuation of companies’ assets and facilitating entry of strategic partners without disrupting structure of ownership and management.

 

Dr. Dalia emphasized that EGX is a sustainable and flexible financing solution for SMEs sector. It provides these companies with liquidity necessary for expansion as well as opening new markets apart from burdens of high banking interest rates and loan costs. This supports accelerating companies’ growth and their transition into large entities effectively contributing to driving the national economy.

 

From his side, Eng. Medhat El-Kady, Chairman of Alexandria Businessmen Association (ABA), stated that organizing this meeting aimed at introducing the available financing alternatives for the members of the association to expand their activities. He pointed out that the discussion is based on a prior survey covering the needs and inquiries of the member companies to ensure direct answer from EGX leaders.

 

ABA Chairman suggested the cooperation between ABA and EGX, starting with identifying the companies interested in studying listing, then organizing closed technical workshop to assess their readiness, putting a plan for each company. Thus turning dialogue into practical steps serving the business community.

 

The meeting titled “How to list your company on EGX? And what are the advantages?” is part of “Entrepreneurs and business leaders” initiative launched by the association to enhance dialogue and direct communication between the business community and economic institutions in the country.

 

The session concluded by discussing the framework of cooperation between ABA and EGX to launch a training and qualification program aiming to evaluate the readiness of the companies interested in listing, as well as assist them to meet the official listing requirements and procedures.