Egypt Cabinet Sponsors EGX IPO Summit 2014 on May 6

The Egyptian Exchange’s upcoming IPO Summit will be held under the patronage of the country’s government next May 6.

This comes as Egypt’s Prime Minister Ibrahim Mehleb approved to sponsor the EGX IPO Summit 2014 after his Excellency’s meeting with the country’s bourse as well as market regulator chiefs Monday afternoon.

Mehleb met with Dr. Mohamed Omran, EGX Chairman, and Dr. Sherif Samy, Chairman of the Egyptian Financial Supervisory Authority (EFSA), discussing mechanisms for boosting the capital market. In addition, the prime minister also tackled methods for  alluring more companies to get listed on the EGX, in which the state’s development and infrastructure projects can benefit from the stock market for finance.

The EGX is organizing its first IPO conference on May 6, 2014.  This conference 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.

Meanwhile, Amwal Al Ghad is set to be the media sponsor for the EGX IPO Summit 2014.

The event is set to give a better insight about listing on the EGX and its benefits to the growth of the company’s businesses.