Sherif Farouk, Chairperson of Egypt Post, received Mohamed Farid, Chairperson of the Egyptian Exchange (EGX), to discuss opportunities for joint cooperation.
Farouk said that the authority is keen to open horizons of cooperation with all state institutions in a way that allows maximizing Egypt Post’s investments and making maximum use of them, explaining that this meeting aims to discuss opportunities for joint cooperation between Egypt Post and the Egyptian Exchange. The meeting saw the two sides review the work plan and the strategy of Egypt Post Investment Company and its subsidiaries and discuss the opportunities of Egypt Post investing in the EGX in addition to the possibility of promoting investment funds through post offices located throughout the Republic.
For his part, Mohamed Farid, Chairperson of the Egyptian Exchange, reviewed the developments in the stock market during the past period, pointing to the role played by the market as a platform that helps economic entities operating in various sectors to access the financing necessary for growth and expansion, as well as an important platform for savings and cumulative long-term investment.
During the meeting, Farid called on the post leaders to discuss how to take advantage of the stock market as a platform that helps them provide financing for their subsidiaries or joint companies through listing and offering, as well as working on programs to raise the levels of awareness and knowledge of savers through Egypt Post and introduce them to the basics of investment and long-term cumulative savings from it by organizing workshops and training courses. It was also agreed to complete the consultation to take what is appropriate for both parties during the coming period.
These moves and efforts come to realize the vision of the Egyptian Exchange’s management, which aims to develop and raise the efficiency and competitiveness of the stock market.