Monday, November 29

Stock Exchange Chairman: We offered a large package of incentives to encourage investment

12:46 AM

Thursday 11 November 2021

I wrote – Sahar Azzam:

Dr. Mohamed Farid, Chairman of the Egyptian Stock Exchange, said that the stock exchange took 13 measures with the aim of encouraging investment by providing a large package of incentives based on requests submitted by dealers in the financial markets.

Farid added, during a telephone interview with the “On My Responsibility” program broadcast on “Echo of the Country” channel on Wednesday, that measures have been taken to solve the legitimate problems and demands facing companies in the stock exchange, pointing out that these measures represent an incentive to continue the reform process.

He added that the reform process is continuing for the benefit of all institutions in the stock exchange, pointing out that Vodafone’s announcement of transferring its stake to Vodacom had an impact on trading rates.

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