EGX Chairman Dr. Mohamed Farid signed a cooperation protocol with the Egyptian Businessmen Association, in order to enhance cooperation between the two parties and explore opportunities for companies’ growth through listing on the stock market.
Who is affected🤷: He added that a database will be built that includes a list of qualified companies wishing to increase their knowledge of the advantages of offering their shares on the stock market. Explaining that listing on stock exchanges not only helps companies access financing, but also improves their capabilities at the levels of governance, disclosure, and transparency, which helps them attract local & foreign investments.
Why is this important🤔: The protocol comes in support of the EGX’s plans to expand the base of listed companies. It aims to raise the awareness levels of the business community on the requirements & advantages of listing on the stock market. Listing also plays a role in developing the capabilities & increasing the company’s business, & supporting its growth opportunities through obtaining financing.
