PM reaffirms gov’t commitment to developing stock market performance
Prime Minister Mostafa Madbouly reaffirmed the government’s commitment to developing the performance of the stock exchange, enhancing its stability and protecting investors across non-banking financial sectors. Madbouly made the remarks during a meeting he held on Monday, August 10, 2026, to review a number of proposals aimed at improving the performance of the Egyptian Exchange, … The post PM…
Premier Mostafa Madbouly emphasized the government's dedication to bolstering the stock market's performance and stability during a gathering on August 10, 2026. The discussion centered on proposals to enhance the Egyptian Exchange's operations, drawing insights from recent advancements. Key figures attending included Investment and Foreign Trade Minister Mohamed Farid Saleh, Chairman of the Financial Regulatory Authority Islam Azzam, and Egyptian Exchange Chairman Omar Radwan.
Madbouly celebrated positive outcomes, notably the daily trading value surging to LE15 billion and the market capitalization surpassing four trillion LE. Farid Saleh detailed current market metrics and unveiled strategies under consideration to augment the exchange, focusing on government-backed offerings and incentives for private companies to list their shares.
The conversation also delved into preparations for government-sponsored offerings, including preparing companies for trading and facilitating state-owned and private entities to capitalize on new tax incentives for listings and trading on the Egyptian Exchange.
The session explored legislative amendments to Law No. 95 of 1992 and its implementing regulations, alongside initiatives to promote tax benefits and incentives tied to securities trading. Plans to convert the Egyptian Exchange into a joint-stock company, potentially subject to listing, were also reviewed. Upgrades to trading and market-surveillance technology infrastructure were among the topics discussed.
The attendees further examined new mechanisms for short selling, derivatives, and market makers, alongside measures to incentivize private insurance funds to invest a portion of their assets in shares and equity investment funds listed on the Egyptian Exchange. The meeting underscored the necessity of eliminating barriers to establishing new private insurance funds catering to a wide range of investors.
Written by urgent.news from Egypt Independent's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
