Egyptian Exchange Cooperates with the American Chamber of Commerce in Egypt to Train Capital Market Employees on the Internal Audit Bases & Applications

The Egyptian Exchange (EGX) chairman, Mr. Mohamed Farid signed a cooperation agreement with Mr. Tarek Tawfik, Chairman of the American Chamber of Commerce in Cairo, to organize series of training programs and workshops on the basics of internal audit and applications related to auditing, supervision, risk hedging and governance requirements.

This diverse training process includes the capital market’ employees, such as the financial institutions, listed companies, brokerage companies and other institutions and companies related to the securities industry.

EGX chairman said, “The financial markets’ dynamics require our continuous efforts to build and develop calibers to deepen reforms and to increase the market competitiveness.”

“EGX gives great attention to the issue of rehabilitating and developing of calibers and its capacity building, believing that it is the only way to build efficient and competitive capital markets that achieve sustainable economic growth,” Farid stated. 

He explained that the training courses in various fields will be regularly developed and updated to meet the changing needs of the securities industry’ employees.

From his part, Mr. Tarik Tawfik, chairman of the American Chamber of commerce said; “We look forward to further cooperation with EGX to provide the required training for the capital market calibers, to raise the efficiency, depth and competitiveness of Egypt as an advanced capital market.”

Tawfik stated “We will continue working with EGX to explore the needs of the capital market professionals from training to meet them, while working to enhance those training programs’ impact.”