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Listing on EGX makes catches international investors’ attention: EGX Chairman

The EGX recently organized a workshop to introduce and familiarize companies with IPOs and requirements for registration

By: Business Today Egypt

Mon, Apr. 12, 2021

By joining the stock exchange, companies help themselves to grow achieve targets and make them the focus of international investors' attention, as well as contributing to increasing foreign and local investments, said Chairman of the Egyptian Exchange (EGX) Mohamed Farid.

The EGX recently organized a workshop to introduce and familiarize companies with IPOs and requirements for registration.

The workshop opens a direct, interactive dialogue that connects parties related to the listing and offering process, and companies looking to transform into public companies through stock exchanges.

Organized in coordination with the European Bank and the Federation of Eurasian Stock Exchanges, the workshop attended by leaders of the Egyptian Stock Exchange and representatives of the European Bank for Reconstruction and Development and the European Federation of Euroasian Exchanges.

Farid said that the management of the Stock Exchange is working in coordination with companies to raise the degree of their commitment to the standards of governance and sustainability, especially in light of the growing interest of investment institutions in the shares of companies most adhering to the standards Governance and sustainability.

There were representatives of 8 companies from various sectors present, and are considered one of the outputs of the work of the "client relation management", which was developed by the Egyptian Exchange Administration to enhance the supply side of the Egyptian stock market.

The chairman highlighted the raising the level of awareness among companies in regards to understanding the requirements to listing on the exchange is an integral and inseparable part of the stock exchange's comprehensive business strategy aimed at increasing the efficiency, depth and competitiveness of the Egyptian stock market.

He added that the exchange is the value chain that includes the supply side by facilitating the work environment to attract strong companies that are able to grow according to sound standards and conditions.

During the workshop activities, representatives of the European Bank for Reconstruction and Development discussed the privileges available to public companies "listed on stock exchanges", including, but not limited to, the ability to access financing, raise the level of their creditworthiness, periodic evaluation, and the ability to attract foreign investment, its attractiveness to employees, the ability to transfer holdings, the ease of carrying out mergers and acquisitions, the presence of research coverage on its shares, etc.