Egypt’s First IPO Event Starts May 6, Eyes Investor Confidence Return

Under the patronage of Prime Minister Ibrahim Mahlab, Egyptian stock exchange is holding next Tuesday, May 6th its first conference for the IPOs. The event would be largest gathering of all market parties who are interested in the initial public offerings; including investment banks, law houses, auditors, with potential issuers.

It aims to give a better insight about listing on the Egyptian Exchange (EGX) and its benefits to the growth of the company’s businesses.

Mahlab is set to deliver an opening keynote speech at the IPO event, aiming for conveying a reassuring message to both local and foreign investors in Egypt to pump more investments and resort to the IPOs, as one of multiple funding channels provided by the government. He seeks to take up the efforts for encouraging further listings more vigorously and assume responsibility for leading the IPO market in Egypt.

Moreover, Amwal Al Ghad will be the media sponsor for the EGX IPO Summit 2014.

Egypt’s most respected government and business leaders, decision makers, executives and experts will gather for the IPO Summit, notably Mounir Fakhry Abdel Nour, Minister of Industry, Trade, & Investment, Mohab Mamish, Chairman of the Suez Canal Authority, Dr. Mohamed Omran, EGX Chairman, Sherif Samy, Chairman of the Egyptian Financial Supervisory Authority (EFSA), Mahmoud Gamal El-Din, Advisor to the Minister of Transport for Investment Affairs, Karim Awad, Chief Executive Officer at EFG Hermes, Alaa Sabaa, Chairman n of Beltone Financial, and Hany Sarie-Eldin, Founder & Chairman, Sarie-Eldin & Partners.

The event is also set to be the featuring of potential IPOs of more than 200 companies who were brought forward to present their corporate profiles to this gathering of market experts to assess the advantages for their companies of listing.

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