More inclusion for SMEs in Egyptian exchange
As part of EGX vision to structure and develop SMEs market as part of Egypt’s exchange market, the small and medium enterprises are now part of an account aggregation system that facilitates purchase and sales.
The new aggregated accounts system will make it easier to allocate and book listed securities and was developed to simplify and activate the aggregated accounts.
Head of EGX, Mohamed Farid stated that the inclusion of SMEs was accounted for in the development process that started mid July 2019. Not only will these help more SMEs grow their business and increase liquidity, it will also increase the transactions on those securities.
Investment managers previously faced several issues with changing customer codes during the session, the new system deals with this issue.