Ahmed Al-Sheikh, Chairman of the Board of Directors of the Egyptian Stock Exchange, said that the financial markets provide various opportunities for individuals and companies to increase sources of financing, pointing out the importance of enhancing investment awareness and changing the mental image of the stock market, especially among young people, as a means of achieving economic development and not just speculation.
The Chairman of the Stock Exchange also stressed the necessity of developing individuals’ saving thought to transform it into a thoughtful investment, because investment thought in any country is the basis of economic success for presenting new projects.
The Sheikh gave a detailed presentation on the advantages of registering on the stock exchange, whether for individuals or companies, and the importance of diversifying sources of financing for ambitious companies, stressing that successful companies will benefit from the stock exchange in increasing the opportunity to provide financing and invest the largest volume of investments.
He also called on young people to acquire the necessary skills for thoughtful financial planning that enhances the sustainability of the national economy and creates new job opportunities.
Dr. Jacqueline Azer – Governor of Beheira, Ahmed Al-Sheikh – Chairman of the Board of Directors of the Egyptian Stock Exchange, and Dr. Elhamy Tarabis – President of Damanhour University, witnessed the eighth edition of the Stock Exchange Development Conference, which was held under the patronage of Prime Minister Dr. Mostafa Madbouly.
The conference, which was held at the Damanhour Cultural Complex, was attended by Dr. Hazem El-Deeb – Deputy Governor of Beheira, and a number of economic figures, businessmen, deans and professors of Damanhour University, in addition to university students and representatives of the Chamber of Commerce and the Businessmen Association.
The conference began with the Republican National Anthem and a documentary film was shown during which the history of the Egyptian Stock Exchange, which has a history of more than a hundred years, and its leadership and distinction from its inception until now, was reviewed.
Dr. Jacqueline Azer began her speech during the conference by emphasizing the importance of enhancing financial awareness among young people, stressing that such events and conferences open horizons for financial and economic awareness and education and emphasizing the role of the Egyptian Stock Exchange in the national economy, which directly supports economic growth and consolidates financial culture among various groups.
She pointed out that the conference today witnesses the presence of the pillars of the investment and industry sector in the lake, namely the Lake Chamber of Commerce and the Businessmen Association, which are the window to address investors as successful models of investment in the governorate.
Dr. Jacqueline Azer emphasized that Beheira Governorate represents a fertile environment for investment, as it is full of broad opportunities in the fields of agriculture, industry and tourism.
Pointing out that offering on the stock exchange contributes to protecting companies and provides the necessary governance to achieve progress and sustainable growth, calling on owners of companies and ambitious projects to join the stock exchange in order to secure the continuity and development of their projects and support the national economy.
For his part, the Chairman of the Egyptian Stock Exchange, Ahmed Al-Sheikh, thanked the governor for hosting the conference in Beheira, stressing the stock exchange’s keenness to spread financial culture among young people and expand the investor base from various governorates.
In his speech, Dr. Elhamy Tarabis, President of Damanhour University, expressed his happiness at holding the conference, noting that the university seeks to empower students with financial knowledge through educational and training programs that help them make informed investment decisions.
He stressed that the university realizes the importance of spreading the culture of investment among young people as one of the basic drivers of national economic growth, stressing that Damanhour University will continue its support to provide an educational environment that encourages financial innovation.
The conference activities witnessed the signing of a cooperation protocol between the Egyptian Stock Exchange, represented by Ahmed El-Sheikh, and Damanhour University, represented by Dr. Elhamy Tarabis – President of the University, in order to spread financial culture among students and provide specialized training programs aimed at enhancing financial awareness and encouraging them to invest their savings in a safe financial environment, as well as developing students’ understanding of the principles of… Investing in a way that contributes to preparing a new generation of young people aspiring to economic success.
At the conclusion of the conference, the discussion was opened for the attendees to ask questions and inquiries related to how to list shares on the Egyptian Stock Exchange. Representatives of the stock exchange interacted with public inquiries, explaining the basic steps of the offering process, starting with the conditions for listing on the stock exchange, all the way to how companies prepare for offerings, in a way that ensures transparency and enhances investor confidence.
They also stressed the importance of adhering to the controls and standards that guarantee the success of the offering and achieving the desired goals of joining the financial market, pointing to the vital role of the stock exchange in supporting companies and increasing their sources of financing in order to enhance their continuity and growth.
