24 Hrs
Source:
المصري اليوم
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Government Readying Large Firms for IPO
The article focused on the Egyptian government's efforts to develop the performance of the Egyptian Exchange, including preparing both public and private companies for offering them to the market in order to benefit from new tax advantages and incentives. The meeting also discussed proposed legislative amendments aimed at improving the investment environment and transforming the stock exchange into a joint-stock company to increase its efficiency. Additionally, there was an emphasis on upgrading the technological infrastructure for trading and supervisory systems. It was stressed to encourage insurance and investment funds in stocks, as well as to remove obstacles hindering the establishment of new funds, all as part of governmental efforts to attract more investments and support Egypt's financial market.
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