News Details
EGX Participates in the “Meet the Market-Egyptian Capital Market” virtual event to highlight Developments in the Egyptian Capital Market

On May 27th, 2021, The Egyptian Exchange (EGX) participated in the Federation of Euro-Asian Stock Exchanges (FEAS) “Meet the Market with FEAS | The Egyptian Capital Market” virtual event, alongside with Misr for Central Clearing.
This event was the third one in the Meet the Market with FEAS event series. The purpose of the initiative is to organize virtual Meetings/Roadshows for FEAS members’ markets to raise awareness about the market structures, operations, processes and benefits, and give the answer to the question “Why to invest in a specific country”? The one-day online event has gathered together more than 170 participants from all around the world. Participants represented Investment Banks, Stock Exchanges, Clearing companies, Brokerage Firms, International Corporations, Asset Managers, Funds as well as local Market Participants.
The opening remarks were made by FEAS Secretary General Dr. Konstantin Saroyan and Deputy Secretary General Ms. Armenuhi Hovakimyan. 
Dr. Mohamed Farid Saleh, Executive Chairman of The Egyptian Exchange (EGX), during his presentation, reviewed the comprehensive economic reform program adopted and implemented by the Egyptian government since 2016, which included financial, monetary and structural reform.  He stressed that the reform program contributed in achieving; greater stability of macroeconomic indicators, and achieving positive growth rates, as well as strengthening the role of the private sector.  He added that the Egyptian capital markets has a big role to play in not only helping different economic entities access the financing needed for expansion, growth and start-up, and then creating jobs and improving people's living conditions, but an important platform for trading, investing and easy entry and exit for investors.  
He highlighted EGX’s efforts to raise the Egyptian Capital Market efficiency and competitiveness with the perspective of the value-added chain, which includes the supply side by improving the quality of disclosures and attracting new companies to list, and besides demand through increased awareness rates and financial culture, and besides the trading environment, which included the development of new products and trading mechanisms that contribute to the diversification of investment options for all categories of investors.
Following EGX presentation, Mr. Alaa Amer, the Chairman and Managing Director of MCDR introduced the company to participants as he talked about its establishment, operations and services provided to different market participants and shareholders. He also talked about MCDR different mechanisms and systems specially the cash disbursement, short sell and the SGF. He further added that the MCDR payment system is final and irrevocable due to applying the RTGS with the Central bank of Egypt. Further, Mr. Alaa spoke about the importance of taking part of international organizations mainly to benefit from the exchange of knowledge and having bilateral agreements with different markets in the region and worldwide to allow investors a variety of investment options.
The presentations were followed by Q&A Session, during which the participants actively asked questions to the speakers.