British Ambassador praises LSE delegation’s visit to Egypt

CAIRO – 24 October 2017: A delegation from the London Stock Exchange landed at Cairo airport on Sunday for a two-day visit in support of EGX’s development and to discuss ways for cooperation, a press release by the British embassy said on Tuesday.

On Monday, the delegation was received by the British Ambassador John Casson, who hailed the growing presence of the London Stock Exchange’s investments in Egypt.

“LSE Group are here to help more companies access the investment capital needed to build the new Egypt, and to build the capacity of the Egyptian Stock Exchange to help Egypt’s companies grow and create an economy that brings jobs, stability and a brighter future for all Egyptians,” Casson stated.

Investment and International Cooperation Minister Sahar Nasr had a meeting with a delegation from London Stock Exchange on boosting bilateral cooperation. The two sides also discussed bolstering bilateral cooperation with the hopes of beefing up UK FDIs and encouraging investors to do business in the country.

“London Stock Exchange has a long history of supporting Egyptian issuers and is proud to reinforce economic ties between the UK and Egypt,” said Tom Attenborough, the head of International Business Development.

Attenborough further added that London Stock Exchange has 13 Egyptian listed companies already, and that the Egyptian government raised a total of $7 billion debt issuance in London in 2017.

The delegation is headed by Tom Attenborough, head of International Business Development, Gokul Mani, head of Primary Markets for Middle East, Africa & India, and Adam Scheuer, manager at International Government Relations, according to the statement.