Egyptian Bourse chief Mohamed Omran is heading Monday to the Ethiopian capital, Addis Ababa to talk about the bourse’s sustainability experience at the United Nations’ conference there.
Upon an invitation from the UN, Omran is set to participate in three meetings of UN Third Conference on financing for development in Addis Ababa.
The EGX chairman is to talk about the Egyptian bourse’s experience in sustainability and social responsibility and its financing role in achieving the goals of sustainable development.
This will be followed by Omran’s participation at the United Nations Environment Programme to talk about the role of groups in creating an international dialogue aiming at maximizing the return on public and private funding for development.
Omran will conclude today by participating in the high-level roundtable organization UNCTAD to talk about the challenges facing the process of financing for development plans, and how to maximize the return on investment of the private sector to serve the community as a whole.
From his part, Omran said: “The invitation comes in recognition of the efforts of the Egyptian Exchange in community development.”
“EGX began a long time interest in social responsibility and sustainability as a major focus for the strategy of the Egyptian Exchange (2013-2017) focusing on community development and sustainability, focusing on the role of the main stock exchange in contributing to improved economic growth by stimulating growth in private and governmental companies and help create more jobs.”
“Also we cannot deny that NILEX ,SMEs market launched by the Egyptian Exchange, has a basic role of funding the development of small & Medium Companies to achieve sustainability by helping these companies to expand and grow.” Omran added
Omran noted that community aspect has become determinant in all decisions on the stock market, it is no longer a concept limited to donations and charity work as in the past, but became a focus more on environmental protection which has been developing a plan for energy saving and primary resources within the institution and staff training, the plan has succeeded in significantly reducing the resources allocated for these items.