The Chamber of Information Technology and Telecommunication (CIT) organized a workshop today in cooperation with EGX with the participation of a large number of IT and Telecommunication’ companies with the goal to raise the business community’ awareness about the funding opportunities offered by EGX, as well as to facilitate attracting local and foreign investments for them, whether they are small, medium or large-sized companies.
Through the event many issues were discussed such as the growth opportunities offered through listing, either by capital’ increases or by issuing bonds, and the other advantages such as pricing the company’s value, the possibility to enter new partners to its ownership so to increase the volume of its business and therefore its profitability.
Dr. Mohammad Omran, EGX Chairman stated that the cooperation with CIT comes as per EGX’ attempts to get closer to the business community in light of its desire to raise the companies’ awareness about the listing benefits. Dr. Omran said ” The main role of the stock market is to help companies expand and grow by providing necessary funding “and this fact needs great efforts to be deployed in the business community, which helps to attract more companies to list in the Egyptian market and thus to improve the economic growth rates.
Dr. Omran disclosed that the information technology’ sector is one of the most promising sectors in the Egyptian economy that can achieve a high economic development if the related growth factors were available, he mentioned that NILEX provides a suitable climate for promising companies to achieve high growth rates in addition to the openness to a large range of local and foreign investments wishing to seize the opportunities in promising companies, which in turn benefits the Egyptian economy as a whole.