Egypt launches Tamayoz, an index for SMEs

By Amwal Al Ghad English On Jun 24, 2021

Egypt SMEs index — Egyptian Prime Minister Moustafa Madbouly and Egyptian Exchange (EGX) Chairman Mohamed Farid speak in a press conference on the ocassion of launching Tamayoz index for SMEs on Wednesday, June 23, 2021

Egypt launched on Wednesday Tamayoz, a sentiment index for small- and medium enterprises (SMEs).

The launch took place during the Egyptian stock exchange’s (EGX) opening session on Wednesday in the presence of Prime Minister Moustafa Madbouly, five ministers, alongside Mohamed Abdel Wahab, chair of the General Authority for Investment and Free Zones (GAFI), and EGX chairman Mohamed Farid.

According to Farid, the companies listed on Tamayoz index are selected according to several criteria, including achieving a minimum compound annual growth rate (CAGR) of 10 percent over four years or generating 10 million Egyptian pounds ($636,581) in sales during the last year. Companies shall also achieve positive growth in the book value or cash inflows from operational activities during the last two years.

Prime Minister Moustafa Madbouly, Minister of Finance Mohamed Maait, Minister of International Cooperation Rania al-Mashat, Immigration Minister Nabila Makram, Public Sector Minister Hisham Tawfik, and Education Minister Tarek Shawki

Reem El Saady, Regional Principal Manager, SME F&D, Egypt & Levant at the European Bank for Reconstruction and Development (EBRD)

EGX chairman Mohamed Farid and Hisham Okasha, chairman of the National Bank of Egypt (NBE)

EGX chairman Mohamed Farid and Hazem Hegazy, deputy chairman of Banque du Caire