The Egyptian Exchange EGX and The General Authority for Investment GAFI sign a Memorandum of Understanding MOU

Sunday, 4 December 2011

The Egyptian Exchange (EGX) and The General Authority for Investment (GAFI) signed a Memorandum of Understanding (MOU) for mutual cooperation aiming to attract new companies to list in the Egyptian stock market for small and medium enterprises, Nile Stock Exchange (NILEX). During the press conference following signing of MOU, Dr. Mohamed Omran, Chairman of EGX, emphasized the mutual cooperation between EGX and GAFI to launch the initiative supporting small and medium enterprises that have a proper financial standing in order to diversify their access to funding. He noted that GAFI has provided EGX with ample database for potential companies to NILEX. Dr. Omran revealed that GAFI provided EGX with the data of more than 8500 of their registered companies of which their capital of ranges between LE 5 million to LE 100 million.