EGX discusses developing SMEs with EBRD

CAIRO – 20 March 2018: The Egyptian Exchange (EGX), in collaboration with the European Bank for Reconstruction and Development (EBRD), held a workshop Tuesday about small and medium-sized companies.

The Egyptian Exchange (EGX) said in a press release that the purpose of the workshop is to strengthen and qualify small and medium-sized companies listed on the Nile Stock Exchange at various levels.

Chairman of the Egyptian Stock Exchange (EGX) Mohamed Farid said that the stock exchange administration focuses on developing the small and medium-sized enterprises (SMEs) market, emphasizing on the importance of this market to create new job opportunities and to develop different industrial and productive activities.

The board works on developing NILEX through communicating with financial organizations that support SMEs to build their operational capabilities and develop their skills, Farid added.

The chairman of EGX said that NILEX is an important platform for financing expansion, growth and even savings and investment, stressing that NILEX is not a market for exit.

He noted that SMEs have become the major component of economic growth in many advanced economies as SMEs evolve quickly and create job opportunities.