Egyptian Exchange Posted
The Egyptian Exchange (EGX) celebrated the World Investor Week (WIW) with a ringing of bell. The event was held in the presence of Dr. Mohamed Farid, Chairman of the Financial Regulatory Authority (FRA), and number of representatives of universities in Egypt, representatives of the Egyptian Capital Market Association (ECMA), the Egyptian Society of Technical Analysts (ESTA), the Egyptian Private Equity Association (EPEA) and the Egyptian Investment Management Association (EIMA).
Dr. Mohamed Farid, Chairman of the Financial Regulatory Authority (FRA), said that participation in this activity is an endorsement of the importance of financial literacy on capital market sector, as financial culture and investor protection are key elements to achieve financial inclusion.
Rami ElDokany, Executive Chairman of The Egyptian Exchange (EGX), said that this celebration reflects our increasing role in supporting and promoting financial literacy to raise awareness of the Egyptian capital market among youth and the general public. He stressed the importance of new financial products for the sustainability of the Egyptian market and reliance on technology in listing and trading activities.
He added that EGX strategy for the coming period will include “EGX’s ambassadors program” in all Egyptian governorates for different segments of society from business owners, employees and students to spread the knowledge of the basics and principles of investment and cumulative long-term savings as well as the role of the capital market in financing business in different economic sectors.
EGX celebration was held in the presence of the first batch of “EGX Ambassador’s program”, students of the LSE College of the University of London UOL, and the initiative of the EGX Ambassadors is the first TOT program that prepared trainers for financial literacy organized by the Egyptian Exchange to prepare qualified students majoring in investment and finance in universities in Egypt
At the end of the celebration, EGX’s Chairman and a number of university presidents held a meeting to discuss EGX efforts in bridging the gap of financial knowledge and spreading financial awareness.