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Egypt Today: EGX’s chairman calls firms to diversify finance

Farid explained that the stock market is a strategic financing platform for direct investment companies in a sustainable manner.
02.04.18 | Interesting article at Egypt Today

Chairman of the Egyptian Exchange (EGX) Mohamed Farid called on companies in different sectors to diversify their sources of finance, especially through the capital market.

This came during the opening of Thursday’s session during the start of the trading on BPE Holding for Financial Investments’ shares.

Farid explained that the stock market is a strategic financing platform for direct investment companies in a sustainable manner.

He added that they play an important role in mobilizing the necessary savings to finance companies’ expansion in various sectors.

Companies’ expansion will be reflected in achieving strong economic growth in a sustainable manner which supports the economic and social development plan of the government, Farid clarified.