Prime Minister Dr. Mustafa Madbouli held a meeting to discuss means of activating the stock market to continue its role in supporting the economic and social development plans, in the presence of Minister of Finance, Dr. Mohammed Moait, Minister of Public Works, Hisham Tawfik, Executive Chairman of EGX, Mohamed Farid, The Deputy Chairman of the Financial Regulatory Authority and the President of the Egyptian Capital Market Association.
Counselor Nader Saad, the official spokesman of the Cabinet, said that the meeting discussed the latest developments in the performance of the Egyptian Capital Market and means of overcoming the obstacles preventing its development. All the government parties attending the meeting expressed their support to the capital markets.
During the meeting, they discussed increasing the efficiency of the capital market by reducing the cost of transactions. They reviewed the proposal of the law regulating the execution of the avoided provisions of selling of government companies, which was approved by the parliament yesterday, which will contribute to accelerating the settlement of disputes of a number of government companies and listed on the stock exchange.
At the end of the meeting, the Prime Minister stressed that this meeting reflects and confirms the interest of the political leadership and the government in the capital market and the bodies working in it, which contributes to accelerating the market performance and accordingly achieve the required trading rates.