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Source: Thomson Reuters.   Last updated on Dec 15, 2019 at 22:13PM (UTC).   Delayed by at least 15 minutes.
The Egyptian Exchange Signs MOU with El Sewedy Education to Raise Financial Literacy Among Students
Jul 18, 2019
El Sewedy Education signed a Memorandum of Understanding with The Egyptian Exchange (EGX) to cooperate in raising financial literacy of Egyptian students. The MOU was signed by Ahmed Abdul Rahman, EGX Vice Chairman, and Ehab Salama, El Sewedy Education CEO.  The later partnered with Coventry University for the establishment of a branch of the British University in the New Capital-Egypt.
 
Mr. Mohamed Farid, EGX Chairman, stated that signing this MOU will support the efforts of EGX to raise financial literacy levels, especially among new generations, providing them with the basics of investment and saving. Mr. Farid emphasized the capital markets significant role in the government plans aspiring to achieve economic and social development in Egypt.
 
Mr. Farid added that a committee will be formed to coordinate between both parties to achieve the goals of the MOU, which last for three years.
 
Ihab Salama, El Sewedy Education CEO, confirmed that this step comes as a continuation of the education strategy of the institution. It is based on the coordination between all related parties, in order to benefit from their expertise in creating new generations of outstanding students with the latest educational skills, and the knowledge that enables them to become influential leaders capable of contesting and competing locally and internationally.
 
Salama explained that as per this MOU, both parties will tailor training programs to acquaint students with basic information about the capital market and its role in supporting economic development efforts.  The program will also introduce basics of long term investment and accumulative savings. 
 

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