The Egyptian Exchange Discusses Capacity Building of Investor Relations Officers with the Ministry of Petroleum and Mineral Resources

Egyptian Exchange Posted

Eng. Tarek El-Molla, Minister of Petroleum and Mineral Resources, met with Mr. Rami El- Dokany, Executive Chairman of the Egyptian Exchange (EGX), to discuss the cooperation in implementing capacity-building strategies of Investor Relations (IR) officers.
The meeting, attended by chairpersons of listed companies, their IR officers, and a number of Ministry’s and EGX’s leaders, discussed necessary steps to improve trading indicators of listed companies to reflect their solid fundamental analyses given the strong developments that took place in the field.
Eng. Tarek El-Molla emphasized the importance of cooperation with EGX in capitalizing on the competitive advantages of the listed sectors to improve their shares performance and to increase the investors’ appetite. “Cooperation with EGX in IR capacity building should become a priority for our listed, and planned to be listed, companies”, he added.
Mr. Rami El-Dokany praised the role of the petroleum and mineral resources sector in the national economy and its contribution in achieving national economy targeted growth rates. He also praised the Ministry’s effort to position Egypt as a regional energy hub.
El-Dokany said that the distinguished performance of the sector’s listed companies has not been reflected on their trading indicators yet, and IR officers have a vital role to play in this regard. EGX will spare no effort to identify the challenges facing IR officers and help solving them. EGX will provide all necessary support, including training programs and software solutions, to enable IR officers to perform according to the best practices ensuring transparency, better environmental, social, and corporate governance (ESG) reporting, and timely effective communication with all stakeholders.
El-Dokany added that the IR capacity building efforts come in line with EGX’s endeavors to create a transparent and effective stock market, which will reflect positively on maximizing listed companies values, and hence, on the national economy.