EGX chief, 19 regional finance corporations probe enhancing investment in bourse

CAIRO - 19 September 2018: Head of the Egyptian Exchange Mohamed Farid conferred in Abu Dhabi on Wednesday with representatives of 19 regional and international financial corporations on ways to promote relations with the various investment companies and institutions in a way that helps attract more investments to the Egyptian money market.

The bourse said in a statement that Farid expounded to the investors the brave economic reform measures taken by the Egyptian government.

The structural amendments done to financial, monetary, investment and legislative policies will be the main incentive for the return of direct long-term foreign investments, Farid said, adding that he is looking forward to more investments through the stock market.

Activating the program on expanding ownership of government companies through the stock market will support the market by increasing the demand and therefore increasing the size of trading and improving their potentials by adhering to governance standards. This would also lead to more follow-up of the performance of these companies by the government, he added.