Egypt to offer 5-6 companies on EGX before end of 2021/2022

CAIRO - 23 November 2021: The Egyptian government intends to offer 5 or 6 new companies on the Egyptian Stock Exchange before the end of the current fiscal year, according to the Prime Minister Mostafa Madbouly.

Madbouly explained during the cabinet meeting that the government is aware of the importance of increasing the offerings of public companies; In order to enhance the role of the stock market, develop and revive the movement of capital flow and trading in the Egyptian Stock Exchange, and raise the market capital to be more attractive to investors

This came on the sidelines of an extensive meeting held by the Egyptian Prime Minister, with EFG Hermes Holding, and representatives of 28 financial and investment institutions from the Kingdom of Saudi Arabia, the United Arab Emirates, the United States of America, the United Kingdom, the Netherlands and South Africa to discuss possible cooperation opportunities to attract foreign investments. direct to the Egyptian market.

In October, the Egyptian Stock Exchange's trading platform received e-finance for financial and digital investments - the 241 newcomer among the list of companies whose securities are listed on the stock exchange.

E-Finance is a leading company in the development, management and operation of technological networks for digital transactions, and it will be traded under the symbol (EFIH.CA).

The latest Egyptian stock exchange data revealed that e-finance for financial and digital investments topped the list of the largest offerings on the Egyptian Stock Exchange, with a value of LE 5.8 billion, exceeding the value of Telecom Egypt's offering in 2005, with a value of LE 5.1 billion.