Egyptian Exchange launches new trading platform

EGX's Chairman, Dr. Mohammad Omran, announced that the trading system applied in the main market will be applied to NILEX from this day onwards.

He also stated that the coming period will witness some activities in this market for the benefit of the investor among which are;
- Handing the Nominated Advisors file to The Egyptian Exchange from EFSA
- Disclosing NILEX companies' financials on regular bases through its website and through media channels. That will help investors taking their investment decisions.
- Initiating cooperation with institutions that will help in the growth of this market i.e. ITIDA & IDC through attracting new companies to get listed.

On the other hand, Dr. Ashraf ElSharkawi, Chairman of the Egyptian Financial Supervisory Authority (EFSA), stated that the main benefit for new companies to list in the Egyptian Capital Market is to provide more funding opportunities for corporations through capital increases or issuing bonds. Accordingly, helping the Egyptian economy to develop and grow during this period of time Egypt is going through.

EFSA also cares for the benefit of the investor in this market through the application of all Mechanisms that would strengthen the disclosure and transparency by providing all information for all investors.