Egypt bourse takes part in Bloomberg’s IPO event in Dubai

By Yomna Yasser On Sep 17, 2015

The Egyptian Exchange’s (EGX) Chairman Mohamed Omran left Wednesday for Dubai where he will be a key speaker in the regional Initial Public Offering (IPO) Conference organized by Bloomberg.

The largest regional financial and investment institutions will be attending the conference, where Omran will present the EGX experience during the recent period to increase the number of listed companies and the approach towards executing the maximum number of IPOs despite the difficult economic conditions the world is recently witnessing.

A statement released on Tuesday 15/9/2015 said EGX has provided funding for companies of about 20 billion Egyptian pounds since June 2013.

The statement said EGX has facilitated procedures and provided friendly environment for investment, a matter which is the main reason for increasing the number of listed companies and IPOs.

EGX statement said the coming period focus is to provide funding for public sector companies, private and massive national projects, and to support small and medium size enterprises (SMEs).

Source: MENA & Egypt’s State Information Service