News Details
EGID Develops an Electronic Voting System "E-Magles" to ensures Corporate Activities and support Government's efforts related to Coronavirus pandemic (COVID-19)

29 March 2020

As a continuation of The Egyptian Exchanges’ precautionary measures to curb the spread of coronavirus pandemic (COVID-19), and in light of the Egyptian Prime Minister’s decision No. 606 for the year 2020 to temporarily suspend all events requiring gatherings and/or those requiring mobility between cities, Egypt for Information Dissemination Company (EGID), a subsidiary of EGX, developed a web-based E-voting solution enabling board members of a company to vote.

EGID “E-Magles” solution was approved by the Financial Regulatory Authority (FRA) and The General Authority for Investment and Free Zones (GAFI) to be used in the meetings of the boards of directors and meetings of general assemblies of companies.  The new solution uses double authentication methods in order to ensure the voters identities and does not require any hardware to activate it.

Mohamed Farid Saleh, EGX’s Executive Chairman, stated that the E-voting system “E-Magles” will facilitate all listed companies corporate activities related to board meetings, general assemblies’ adding that this system also allowing board members to participate in discussions and comment on every item in the meeting Agenda. 

Eng. Yasser Alaili, EGID’s Managing Director, said that “E-Magles” solution was developed using the best international security standards to protect clients’ information.