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Egyptian stock exchange plans joint-stock shift
The Egyptian Exchange is currently studying the transition to a joint-stock company in order to increase decision-making flexibility and enhance the market's ability to handle financial markets. This comes as part of efforts to facilitate business operations and attract more investors, especially foreign ones. It is also noted that legislative amendments are necessary to achieve this transformation. Last year, around 300,000 new investors entered the market, and growth continued during the first seven months of the current year, bringing the total close to 400,000 compared to 25,000 investors in 2020. This momentum is attributed to economic reforms and legal changes that boosted confidence and contributed to increased trading activity.
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