7th annual Capital Markets Summit to be launched on 20 June

The annual Capital Markets Summit, organized by Media Avenue, will kick off on 20 June under the title “Egypt’s IPOs in Motion”, which focuses on the government’s initial public offering programme and enhancing private sector participation in the economy.

The summit will discuss executive procedures to activate the state ownership document for partnership with the private sector, and highlight the role of the government offering program in addressing the current situation and encouraging foreign investments.

It will also discuss the impact of the program on the activity of the main parties to the capital market, including traders, brokers, investment banks, and financial and legal advisory providers.

The summit focuses on the expected momentum, including the launch of the program and the expansion of the segment of companies being traded as well as the consequent entry of new segments of investors, which contributes to moving the stagnant waters in the market for years.

During the past months, Egypt witnessed rapid and successive moves to facilitate procedures and pave the way for exits from government assets, including the launch of the state ownership document that regulates the government’s presence in economic activities, the announcement of the first phase of the offerings program and the launch of the offerings fund to contribute to accelerating the program and attracting investors.

The government announced a compressed program to offer dozens of companies within months, which requires discussing the ability of the capital market to keep up with this pressure and the tools required to make this possible, through a group of market-related leaders and heads of major investment banks and financial and legal consulting offices.