The EE divided the number of new investors over the stock exchange into 126,000 individual investors and half a million institutional investors.
During his show “al-Hekaya” (The Story), on MBC Masr on Saturday, Adib said that there must be US dollar vessels to attract Egyptians abroad.
Egypt’s Finance Ministry accepted about 453 bids to sell treasury bills put forward by the Central Bank of Egypt in its last bid on Thursday.
EGX launched its sustainability index in accordance with the methodology of Standards & Poor’s, becoming the second in the world and the 1st in Africa
ECSD signed a memorandum of understanding (MoU) with the Egyptian Tax Authority to set the rules governing the application of agreements.
Basic earnings per share increased by 52.78% year-on-year.
In addition, bonds, both government and corporate, are traded on the Egyptian exchange.
In a press conference, Madbouli said Egypt is continuing its government’s initial offering programme (IPO).
The shift has been driven by Western sanctions on Russia and in countries, such as Egypt, that have a shortage of dollars.
The decision aims to help companies authorized to engage in non-banking financial activities, and in light of the economic changes,.
The data of companies to be offered on the stock exchange will be released next week, he added.
This came during the activities of the annual Suhoor organized by the Egyptian Stock Exchange.
The Egyptian government and the Central Bank of Egypt agreed to take quick measures to provide foreign exchange to increase the quantities of fodder.
The issuance came from in 3 tranches with different terms, ranging from 13 to 60 months.
The capital will be increased to EGP 424.94 million from EGP 404.71 million via the payment of 0.05- for-1 bonus shares.
The market capital gained about EGP 18 billion to close at EGP 1.067 trillion, amid transactions that totaled EGP 2 billion.
Basic and diluted earnings per share (EPS) hiked to EGP 5.25 in 2022 from EGP 0.64 a year earlier.
Egypt’s real policy rates are expected to remain in negative double-digit territory for most of 2023.
The bond is backed by a receivables portfolio assigned to EFG Hermes Holding’s Financial Group for Securitization.
The ordinary general meeting (OGM) greenlighted a dividend on 27 March 2023, according to a bourse filing.