The Egyptian Exchange (EGX) opened its new premise in The Smart Village in the presence of Mr. Momtaz ElSaieed, Minister of Finance, Dr. Mohamed Salem, Minister of Communication, Dr. Ashraf El Sharqawy, EFSA Chairman, and Dr. Mohamed Omran, EGX Chairman.
In his speech, Dr. Omran noted that the move to the Smart Village is part of the development plan that EGX is applying to renovate its technological and technical infrastructure. This in return serves EGX to be a trading platform that provides funding for all enterprises. He added that Down Town premises will remain a historical representation for an institution that has been serving the Egyptian economy for 130 years.
Dr. Omran mentioned that the stock market contributed in financing companies with around LE 8 billion during last year from a total financing of more than LE 80 billion during the last 5 years. Moreover, the chairman revealed his intention to resign by the beginning of July which is the end of the transitional pe