The Clap According to Asharq, the FRA wants to encourage companies to increase the number of shares in circulation in the EGX. In addition to that, they want to attract new companies to be listed.
The Deets Dr. Mohammed Omran, executive chairman of the FRA, said that the FRA is trying to increase the minimum percentage that companies can list (5%) in order to increase liquidity in the market.
The FRA is also trying to increase the corporate issuance of bonds from EGP 25 billion to EGP 80 billion by 2026. This will come through the introduction of new financial instruments like sustainability bonds and carbon emissions certificates.