Egypt’s government continues to provide all aspects of support EGX: PM

CAIRO - 25 November 2021: Egypt’s government continues to provide all aspects of support and assistance to the stock market, to regain its leading role, Prime Minister Mostafa MAdbouli affirmed Thursday.

The Egyptian Prime Minister stated, in a statement Thursday, that the support aims to enable the financial markets to play a greater role in supporting the achievement of the goals of economic and social development plans.

Madbouly stressed that the government will continue to activate the program to expand the base of government companies' ownership through the stock market, because this measure has a positive impact on the capabilities and capabilities of companies as well as the stock market.

This came during a meeting with Prime Minister Mostafa Madbouly, with Mohamed Omran, Chairman of the Financial Regulatory Authority, and Mohamed Farid, Chairman of the Board of Directors of the Egyptian Stock Exchange, to discuss the latest developments and developments in the Egyptian stock market, as well as reviewing the position of the government offerings program, which would contribute to support and strengthening the Egyptian market.

The meeting comes as a continuation of a series of meetings that Prime Minister Mostafa Madbouly is holding with representatives of major local and international investment institutions, and representatives of investment funds, to review the developments in the Egyptian economy at various levels.