The Egyptian Stock Exchange adopted an ambitious strategy, which included the development of registration rules, trading and encouraging new proposals, as well as strengthening international relations, with the aim of attracting local and foreign investments and helping companies to provide the necessary funding for expansion and growth in a way that reflects positively on increasing employment rates and developing the national economy.

The Egyptian Stock Exchange has become an important platform for financing and investment, especially in light of the great rise in all its indicators during the past months.

In this context, Canada Egypt Business Council and the Egyptian Business Council for International Cooperation held a forum entitled: “The Egyptian Stock Exchange: Renewed Investment Horizons” featuring; Mr. Ahmed El Sheikh; Chairman, The Egyptian Exchange.

In his opening remarks, Mr. Motaz Raslan; chairman of CEBC and ECIC highlighted that the Egyptian government pays great attention to developing the Egyptian Stock Exchange, through a governmental program that constitutes a prominent step towards strengthening the financial market.

Eng. Raslan pointed out that this government trend towards supporting the stock market highlights the importance of the financial market as a major pillar to attract investments and stimulate the Egyptian economy.

He added that there are challenges facing the stock market at the present time, explaining that regional events, geopolitical tensions, and global economic conditions are casting a shadow on the local market. And also stressed the importance of confronting these challenges and exploring available investment opportunities, pointing out that the Egyptian Stock Exchange has strong capabilities that enable it to keep pace with global economic changes, and that it is the opposite of what appears in the drama as a tool for losing money.

During the symposium, Mr. Ahmed El Sheikh confirmed that the next stage is expected to witness proposals of a large size, whether from the private sector or the government.

He added that until now the controls have not been placed on how to calculate taxes on the stock exchange, but it will be less than that imposed in other sectors. Mr. Ahmed also said that there is currently a comprehensive review of all indicators, including bond indicators.

Mr. El Sheikh reviewed the future strategy to enhance the attractiveness of the stock exchange as a leading investment destination in the region. He also discussed the promising investment opportunities offered by listed Egyptian companies.

He stressed the importance of strengthening cooperation between the Egyptian Stock Exchange and the business community, stressing the stock exchange’s keenness to take everything necessary to enhance the integrity of the stock market. The stock market and increasing its liquidity levels, which helps provide an attractive and sustainable investment environment.

He reviewed the advantages of listing and offering on the Egyptian Stock Exchange, especially providing financing for listed companies, as well as the presence of liquidity represented by the ease of acquiring or selling securities, in addition to the availability of a pricing mechanism that depends on the interaction of the forces of supply and demand.

Mr. El Sheikh concluded his speech that listing on the stock exchange provides the ability to access… To foreign markets by offering international deposit certificates on global stock exchanges.

Once the formal presentation concluded, participants eagerly posed their questions, fostering an interactive dialogue among everyone present.