Acievements of 2019
- Efforts to attract companies to list continued, where EGX cooperated with the Ministry of Public Business Sector in organizing a workshop to qualify government companies with the (IPO) program in March 2019.
-As a result of these efforts, EGX welcomed 3 companies; 2 in its main platform and one in the SMEs platform with total market cap 9.5Bln, namely, Speed Medical, 10th of Ramadan Pharmaceutical, and Fawry for Banking Technology.
- EGX held workshops for listed companies to present the benefits of the Online Disclosure System (ODS), and to help increase the number of companies using it. Currently the number of companies using this system increased to 228 companies in 2019 compared to 220 companies in the same period of 2018. Investor Relations training program was designed to maintain and create a skilled and qualified IR in listed companies. EGX management continues to strive developing and improving the climate of transparency and disclosure, recording an increase in disclosures in 2019 of 9,800 disclosures.
-EGX launched a new index, Capped EGX30, with specific weights. The index includes the 30 most active companies in terms of liquidity and activity. This
new index enhances the opportunities for growth and development of the investment funds industry and contributes to the diversification of investment options. Later, EGX 30 TR, for the 30 most active total return companies This indicator takes into account the cash dividends made by the companies that make up the EGX30 index was launched, where the value of the cash dividends is converted into points in the new index for the first time in the history of the EGX, which reflects both the price change of securities and the return from the cash dividends.
-In December 2019, the securities borrowing mechanism was activated for the purpose of Short Selling, and the Stock Exchange updated the trading guide by adding the rules for that mechanism.
-On the other hand, EGX management gives high priority to spreading financial awareness through training Young students, awareness of investment in the stock market, and training of Listed
Companies employees. These efforts were celebrated during the ringing of bell ceremony done in collaboration with celebrating World Investor Week (WIW) in collaboration with the World Federation of Exchanges (WFE) & International Organization of Securities Commissions (IOSCO).
-EGX's Sustainability efforts continued through its participation in the ASEA's Sustainability Working Group and the launching the 2nd sustainability report during ASEA's annual conference. Also participating in the FEAS Sustainability Task Force in the launch of FEAS 1st Sustainability Roadmap and recommendation Report. Sustainability efforts are clear through the disclosure activities and the annual participation in the SSE Initiative by celebrating the International Women Day and ringing the bell for Gender Equality and participated in "Egypt Women on Boards Observatory".
-On the International front, EGX won the chairmanship of the Arab Federation of Exchanges (AFE) during the federation's annual Conference hosted in Cairo, Egypt. EGX also hosting training for ASEA members in collaboration with Administrative Control Authority (ACA) at the National Anti-Corruption Academy. Finally a FinTech training for the Arab Federation of Exchanges (AFE) members.
Yearbook 2019
The Egyptian Exchange
Mohamed Farid Saleh
Chairman of The Egyptian Exchange
About The Egyptian Exchange
Established: 1883
Chairman: Mr. Mohamed Farid Saleh
Address: 4A, El Sherifien St., Downtown, Cairo
Contact Name: Ms. Heba Eissa, Ms. Sara Magdy
Email: [email protected]
Website: www.egx.com.eg
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With more than a 100 years of trading, EGX is always thriving to develop and provide a state-of-the-art platform for its stakeholders.