EGX discusses with leaders of growing businesses Growth Opportunities through Egyptian Capital Market

Wednesday, 25 August 2021

The Egyptian Exchange’s (EGX) Management met with promising businesses; Egypt Ventures company, Fatura and PayNas, to discuss growth opportunities through EGX.

The meeting came after Prime Minister Mustafa Madbouli’s meeting with growing SMEs companies in the presence of Dr. Rania Al-Mashlat, Minister of International Cooperation, and Dr. Mohamed Farid, Executive Chairman of EGX, stressing the government’s keenness to strengthen the entrepreneurial environment and support startups to grow and achieve their goals.

The meeting was attended by EGX’s management, officials of Egyptian Mercantile Exchange and the SMEs companies.  Discussions were held on best ways of cooperation and integration for maximize benefit of both parties.

Ahmed Juma, Chairman of Egypt Entrepreneurship and Investment Company (owning shares in Fatura & Paynas) thanked Dr. Mohamed Farid, Executive Chairman of EGX for initiating this meeting, adding “We are glad to cooperate with EGX to discuss how to support growing SMEs, especially in the field of information technology”.

Hossam Ali, CEO of Fatura, a digital platform connecting wholesalers and manufacturers to retail, said that Fatura’s platform currently includes more than 50,000 retailers expanding to 21 city.  He added “We are pleased with these effective channels of communication between our companies and EGX.  We hope to see real adjustments that will facilitate listing of SMEs”. 

“We are witnessing unprecedented support from governmental institutions and stakeholders, and a real commitment to supporting PayNas’s goals to expand.  I am pleased to have met Dr. Mohamed Farid, EGX’s & EMX’s teams.  Our fruitful discussion will stimulate the financial market and drive economic growth as well as preparing for future Listing,” said PayNas CEO Mohamed Mounir.