Chairman of the Egyptian Exchange (EGX) Omar Radwan said that the Egyptian capital market is entering a new phase of growth, supported by the government's IPO program, an expanding base of listed companies, and the introduction of new financial instruments aiming at attracting local and foreign investment.
Radwan said that the average daily trading value over the past five sessions exceeded EGP 12 billion, reflecting strong liquidity and growing investor confidence. He added that several companies, including firms in the petroleum sector, are being prepared for listing under the state IPO program.
He stressed the importance of encouraging family-owned businesses and SMEs to join the exchange, highlighting the financing, expansion, and governance benefits the market offers. The EGX Chief also underscored the role of digital transformation and the planned introduction of derivatives in enhancing market efficiency and competitiveness, reaffirming the exchange's commitment to investor protection, transparency, and disclosure standards.
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