The Egyptian Exchange: Becoming A Self-Regulated Institution Is EGX's Focus In The Coming Phase

Referring to news that was published in media about quoting an official source from EGX, The Egyptian Exchange would like to point out that EGX chairman is the only official spokesman of the institution.  In that context, EGX wants to emphasize that what was published concerning the Egyptian Exchange privatization and transform into a joint stock company is not correct and that the study mentioned within those news is a study dating back to 2008. EGX also confirms that any business strategy of the stock exchange during the coming period will be announced and disclosed. The focus in the coming period will be on reorganizing the stock market work mechanisms to take a self regulation form in order to increase EGX efficiency and ability to serve different market parties.

Finally EGX management requests from journalists and media to ignore any statements issued on behalf of the Egyptian Exchange except those issued by EGX chairman to ensure more stability and safety in Egyptian market investment climate.