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Mohamed Farid

Egypt’s FRA to allow creation of special-purpose acquisition companies (SPAC)

FRA noted that it came to its decision after studying many international practices, after which they concluded that SPACs is a preferred method for many experienced founders and major shareholders

MoIC and EGX celebrate World Investor Day in support of financial literacy

Capital markets play a key role in financing large, as well as small and medium-sized companies, explained MoICMin Al Mashat

EGX chairman proposes allowing SPAC listings on exchange

Farid stated that the proposed amendments could unlock new horizons for startups with high growth prospects through expanding into the capital market

Platform connecting Africa’s exchange markets in works, EGX to see 4-5 new IPOs

At the first forum of heads of African investment commissions, Farid told reporters that more initial public offerings (IPOs) are expected during the second half (H2) of the year

EGX to adopt new Tamayoz methodology ahead of SME-centered index launch

The adoption will take place provided that the new index will be launched within a matter of days, wrote an EGX statement