The FEAS represents a large scale of important stock exchanges counting to 34 Stock Exchange representing over $700 billion capital market and more than $500 billion of value trades.
Dr. Mohammad Omran, EGX Chairman, announced that this step comes within the framework of the Organization’s strategic plan to regain its place on the regional and international fronts. This is a step that declares that we have overcome the difficult circumstances and we are regaining the position we deserve.
Dr. Omran also affirmed that the Egyptian Exchange is keen on activating the role of the federation in establishing a lobby that protects the interests of the emerging markets in light of the developments and huge challenges they face. He also stressed the importance of activating the federation’s role to emphasize the i mportance of corporate governance, disclosure, surveillance, and risk management in order to protect the capital markets from any possible financial crises.
He finalized his speech by «EGX won the past month the award of the most innovative stock market in Africa and moved heavily to secure this first position in one of the most efficient institutions in the capital market”. Dr. Omran added «I expect that such steps have positive effect on the position of the Egyptian Exchange and the investment climate in Egypt in general. Reaching these high-level positions is the best promotion for Egypt as they reflect the extent of stability the Egyptian economy has recently reached and helps to eliminate the negative image that was spread about the internal situation.»