Furthermore, El Sheikh announced the launch of a new “Development Market” catering to companies seeking direct listing or facing compulsory delisting. He also emphasized the importance of investor relations training and collaboration with the FRA to enhance information transparency. Hossam Heiba, CEO of GAFI, emphasized the urgency of attracting new investments, both local and foreign, to fuel economic growth. Moreover, reforms include launching a digital platform for investment procedures, including the application for the “golden license,” which grants expedited approvals. The summit provided a platform for key stakeholders in the Egyptian financial sector to discuss critical issues and outline their strategies for promoting sustainable economic development through structural reforms and collaborative efforts.

Source: Daily News Egypt February 27, 2024 07:17 UTC