Egyptian Exchange Posted
Rami ElDokany, Executive Chairman of the Egyptian Exchange (EGX), participated as a keynote speaker during the Egyptian-Kuwaiti Economic Forum, held on from 1st – 4th October, 2022. The event was held with the participation of Minister of Finance, Minister of Trade & Industry, and representatives from the Federation of Egyptian Chambers of Commerce. From the Kuwaiti side, a delegation of businessmen headed by Mohamed Jassen Al-Saqer, the President of the Chamber of Kuwaiti Commerce and Industry. The visit of the Kuwaiti delegation was to discuss investment opportunities available in Egypt.
Rami ElDokany, Executive Chairman of The Egyptian Exchange (EGX), during his speech, stated that EGX is keen on cooperation with Kuwait for the benefit of both countries. He pointed out that the Kuwait is ranked 4 at EGX in relation to value of trades and twelfth globally with a value of EGP 3.7 billion in 2021 and thirteenth globally in 2022 (until September) with a value of EGP 2.1 billion.
He explained that EGX strategy was and still aims to diversify investment options to suit all types of investors, pointing out that EGX will continue its efforts to promote and support the government economic plan.
ElDokany pointed out that this visit comes in light of the Egyptian government’s reform plan efforts, which included most of the constituent sectors of the Egyptian economy, including the non-banking financial sector, which has recently witnessed comprehensive changes at the leadership level, whether in Financial Regulatory Authority (FRA) or the Egyptian Exchange (EGX) joint cooperation for the development of the non-banking sector in Egypt.
Rami ElDokany called Kuwaiti investors to take advantage of the investment opportunities currently available in most economic sectors, especially after the radical reforms witnessed by the Egyptian economy since 2016 and the imminent activation of the program to expand ownership of state owned companies.