Omar Radwan, Chairperson of the Egyptian Exchange (EGX), announced that one of the Exchange’s top priorities—developed in coordination with the Financial Regulatory Authority (FRA)—is the implementation of a comprehensive plan to strengthen the SME market. The initiative seeks to empower small and medium-sized enterprises, enabling them to scale operations, increase business volumes, and ultimately graduate to the main market.
Radwan made the remarks during today’s trading session, at a bell-ringing ceremony celebrating the transfer of Tawasoa Factoring Company from the SME market to the main market. The event was attended by Mohamed Sabry, Deputy Chairperson of EGX, Samer Dawood, Managing Director and Vice Chairperson of Tawasoa’s Board, along with senior company executives.
Highlighting EGX’s broader development agenda, Radwan noted that the Exchange continues to diversify its product offerings to meet the evolving needs of local and international investors. This includes advancing the derivatives market, introducing modern risk management tools, expanding exchange-traded investment products, and strengthening fixed-income markets through bonds, sukuk, green bonds, and sustainability-linked instruments.
He emphasized that EGX’s steady progress is reflected in daily trading values exceeding $200m, underscoring investor confidence and the market’s resilience in absorbing new listings and weathering shocks. “Our strategy is to transform Egypt’s capital market into a deeper, more diversified, technologically advanced, and globally competitive platform; capable of driving sustainable economic growth and attracting long-term investment,” Radwan said.
For his part, Samer Dawood stated: “Tawasoa’s transition to the main market reflects the success of our institutional growth journey and reinforces investor confidence in our business model. The capital increase to EGP 115 million will fuel our expansion plans and enhance our ability to meet rising client demand.”
He added: “In the next phase, we aim to broaden our customer base, diversify funding sources, and strengthen our position in the non-banking financial services sector, while continuing to deliver innovative financing solutions aligned with market developments.”
The Egyptian Exchange recently approved the listing of Tawasoa’s capital increase shares, raising issued and paid-up capital from EGP 75m to EGP 115m. The EGP 40m increase was divided into 40 million shares at a nominal value of EGP 1 per share, fully subscribed in cash by existing shareholders. This marks the company’s fifth capital issuance since its establishment.
The Listing Committee also approved the transfer of Tawasoa’s shares from the SME market to the main market, in accordance with EGX listing rules, following completion of the capital increase.
