Prime Minister Moustafa Madbouli has held talks with senior financial officials to review ongoing efforts to consolidate Egypt’s capital market, improve regulatory frameworks, and accelerate the listing of state-owned companies.
The discussions come amid a period of improved performance on the Egyptian Exchange (EGX) and renewed government focus on expanding private sector participation in the economy.
Madbouli met on Sunday with Chairman of the Financial Regulatory Authority (FRA), Islam Azzam, and EGX Chairman, Omar Reda.
During the meeting, the prime minister reaffirmed the government’s strong commitment to developing Egypt’s capital market, enhancing its stability, and safeguarding stakeholders across non-banking financial activities. He emphasised the sector’s vital role in supporting economic growth and increasing private sector participation.
Madbouli also called for closer coordination between the FRA and the EGX, stressing the importance of boosting digital infrastructure to enhance transparency and enable investors to make more informed decisions.
He lauded the EGX’s recent positive performance, noting that daily trading volumes have exceeded LE12 billion, while market capitalisation reached approximately LE3.6 trillion, the highest level in its history.
The premier further directed that draft legislation governing the capital market be finalised swiftly. He also underlined the importance of accelerating the listing of state-owned enterprises on the EGX as part of broader efforts to maximise returns on public assets.
For his part, the FRA Chief, Islam Azzam, said the authority is hard at work to update regulatory frameworks in line with international best practice across non-banking financial services, including capital markets, insurance, and financing activities.
EGX Chairman Omar Reda said that the EGX has experienced a marked improvement in performance, with ongoing efforts focused on sustaining this momentum.
Work is under way to attract major companies to enhance the market’s regional competitiveness, supported by improvements in the trading environment, increased market depth, and new incentives, he added.
