EGYPT: EGX forms advisory committee to promote market strategies

Monday August 5 2013

The Egyptian Exchange (EGX) is forming an advisory committee for the development and promotion of market strategies of the next 10 years. The committee will be responsible of proposing mechanisms and new tools to activate the market. Forming this committee is one of the steps EGX is taking to develop the capital market domestically and internationally. Notably, the committee will study and submit a proposal to convert EGX to a self-regulated organization and will work to develop the capital market legislative structure. The committee includes a number of foreign fund CEOs to enhance communication between EGX and major investment institutions globally.

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