EGX Secured EGP 38.2bn for Funding Companies Since June 30 RevolutionSource: www.export-egypt.com 7/1/2016, Location: Africa |
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 The Egyptian Exchange (EGX) has secured 38.2 billion pounds to fund economic projects and companies since the June 30 revolution in 2013, EGX Chairman Mohamed Omran said.
Speaking to MENA on the third anniversary of the June 30 revolution, Oman said such funds contributed to promoting the Egyptian economy and helped the companies to face economic challenges, which hit the world in the past three years. A total of 27 new companies have been listed on the Egyptian Exchange since 2013 with a total capital of 7 billion pounds, Omran noted. Over the past 12 years, EGX has pumped about EGP 120 billion into companies and projects, a matter that contributed to boosting production and creating more jobs. The companies listed on the EGX, totaling 280, provide nearly 20 percent of Egypt's gross domestic product, Omran stressed. |
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