The Egyptian Exchange (EGX) announced on Monday the launch of futures contracts on the shares of Commercial International Bank (CIB) and Talaat Moustafa Group Holding (TMG), with trading set to begin on 18 June.
The new contracts will be available with maturities of three and six months and a contract size of 100 shares. The move is expected to provide investors and financial institutions with more effective tools for risk management and hedging, while supporting a broader range of investment strategies, deepening market liquidity, and enhancing pricing efficiency.
In a statement, the EGX said the launch forms part of its strategy to develop and expand Egypt’s financial derivatives market and diversify the investment instruments available to market participants. The initiative is aimed at improving market efficiency and increasing the attractiveness of the Egyptian capital market to a wider range of investors.
The Exchange noted that the introduction of the new contracts reflects ongoing cooperation with the Financial Regulatory Authority (FRA) to complete the regulatory and operational framework required for the development of the financial derivatives market. The effort supports broader plans to modernise Egypt’s capital market and align it with international developments in the sector.
As part of this process, the FRA approved the specifications of the futures contracts in accordance with the regulations governing financial derivatives trading. The regulatory framework is designed to ensure the efficiency and integrity of trading, clearing and settlement operations, while strengthening risk management practices and supporting market stability.
Omar Radwan, Chairperson of the Egyptian Exchange, said the launch of futures contracts on CIB and TMG shares marks another milestone in the EGX’s strategy to expand the range of investment products available to investors and advance the development of the derivatives market.
He noted that the initiative reflects close coordination between the EGX, the FRA, and other relevant stakeholders, which helped complete the regulatory and operational preparations required to introduce the products in line with international standards and best practices.
Radwan added that the new contracts will contribute to enhancing market efficiency, increasing trading depth, and providing investors with effective hedging and risk-management tools. These developments, he said, will strengthen the competitiveness of Egypt’s capital market, attract new local and international investors, and support its integration with global financial market trends.
The launch forms part of the EGX’s broader efforts to enhance market attractiveness through the introduction of advanced and diversified financial products. The Exchange said such initiatives will expand investment opportunities, support sustainable market growth, and reinforce the role of the capital market in financing economic development.
