Rania Al-Mashat, Minister of International Cooperation, heads of private and governmental universities, and members of the stock exchange’s board of directors inaugurated on Tuesday the Egyptian Stock Exchange (EGX) trading session to celebrate the activities of the World Investor Week 2021.
Al-Mashat stressed the importance of the Global Investor Week, to promote the activities and the role played by the Egyptian Stock Exchange in developing the Egyptian economy, noting the importance of capital markets during the coming period in light of the world’s demand for green financing tools, innovative financing to achieve the 2030 Agenda for Sustainable Development, and Egypt’s endeavor to use this type of financing tools to enhance its development vision.
The Minister of International Cooperation indicated that the capital markets play a major role in financing large companies as well as restricted small and medium companies, which enable them to finance their expansions, increase the volume of their business and enhance their growth opportunities.
On his part, Mohamed Farid, Chairman of the Board of Directors of the Egyptian Stock Exchange (EGX) said that participating in the celebration activities of the Global Investor Week reflects our increasing involvement in supporting and promoting financial culture and raising awareness of issues related to the capital market, as it is one of the most important elements of the value chain that we adopt to develop and develop the Egyptian market.
Farid revealed several endeavors by the current administration to forge partnerships with several ministries concerned with education and culture, to develop and produce educational content that contributes to spreading financial culture for all groups, especially for children, through interactive dramatic story content.
He added: "The current administration believes that the process of enhancing financial culture and raising levels of financial awareness and knowledge is one of the most important goals of the value chain that it adopts to develop and develop the market, to raise efficiency and competitiveness, by increasing the number of listed companies on the "supply side" and the number of investors "the demand side", as well as developing New financial products and mechanisms while improving the trading and listing business environment.”
“The strategy to enhance the financial culture includes several axes, the most important of which are training employees of many companies and training university students, as well as developing social media platforms and a complete update of the website, as well as launching an unprecedented media campaign to spread awareness and knowledge Fundamentals of investing in the stock market."
On the sidelines of the meeting, Farid signed a cooperation protocol with Mahmoud El Matani, President of Ain Shams University to organize a comprehensive training program that includes lectures and workshops for university students in various faculties on stock market activities, and to introduce them to the basics of investment and long-term savings through the stock exchange.
A series of seminars will also be held for students to spread awareness of the benefits of listing in the stock exchange and spread financial culture about investment and long-term savings through the stock exchange, in theory as well as in practice.