Egyptian Exchange Chairman Omar Redwan Joins TAWASOA For Factoring Executives in the Bell-Ringing Ceremony
Celebrating Its Transition to the Main Market: Egyptian Exchange Chairman Omar Redwan Joins TAWASOA For Factoring Executives in the Bell-Ringing Ceremony
June 2, 2026
Mr. Omar Redwan, Chairman of the Egyptian Exchange (EGX), accompanied by Mr. Mohamed Sabry, Vice Chairman of EGX, and Mr. Samer Daoud, Managing Director and Vice Chairman of the Board of TAWASOA For Factoring, officially opened the trading session on Wednesday, June 2, 2026. The opening took place as part of the EGX's bell-ringing ceremony celebrating TAWASOA For Factoring's transition from the Small and Medium Enterprises (SME) Market to the Main Market, in the presence of several company executives.
During the ceremony, Omar Redwan stated that one of the key priorities of the Egyptian Exchange’s development strategy, implemented in coordination with the Financial Regulatory Authority (FRA), is the execution of a comprehensive plan to enhance the SME market, enabling companies to grow, expand their operations, and eventually qualify for listing on the Main Market.
Redwan emphasized that the Egyptian Exchange continues to broaden its range of products to meet the evolving needs of both local and international investors. These efforts include the development of derivatives markets, the introduction of advanced risk-management instruments, the expansion of exchange-traded investment products, and the strengthening of capital markets through bonds, sukuk, green bonds, sustainability-linked instruments, and other innovative financing solutions.
He further noted that, according to recent figures and indicators, the Egyptian Exchange continues to make steady progress, with average daily trading values surpassing USD 200 million. This reflects growing investor confidence and the market’s ability to accommodate new listings while effectively navigating challenges and unforeseen crises.
"The Egyptian Exchange's strategy aims to transform Egypt’s capital market into a deeper, more diversified, technologically advanced, and internationally competitive marketplace capable of supporting sustainable economic growth and attracting long-term investment capital," Redwan added.
For his part, Mr. Samer Daoud, Managing Director and Vice Chairman of the Board, stated:
"The transfer of TAWASOA For Factoring's shares to the Main Market of the Egyptian Exchange represents a strategic milestone that reflects the success of the company's growth journey and institutional development over recent years. It also reinforces investors’ confidence in our business model. Furthermore, the capital increase to EGP 115 million will support our expansion plans and enhance our ability to meet the growing financing needs of our clients."
He added:
"During the next phase, we aim to expand our customer base, diversify funding sources, and strengthen the company's position within the non-banking financial services sector, while continuing to provide innovative financing solutions that support business growth and keep pace with market developments."
The Egyptian Exchange recently approved the listing of shares resulting from TAWASOA For Factoring’s paid-in and issued capital increase, raising the company's capital from EGP 75 million to EGP 115 million. This move reflects the company’s continued business growth and strengthens its capacity to execute its expansion strategy in the coming period.
The capital increase amounted to EGP 40 million, distributed over 40 million shares with a nominal value of EGP 1 per share. The increase was fully subscribed in cash by existing shareholders and represents the fifth capital increase since the company’s establishment.
Additionally, the EGX Listing Committee approved the transfer and listing of TAWASOA For Factoring's shares from the SME Market, pursuant to Article (9) of the Listing Rules, to the Main Market under Article (7) of the same rules. The transfer was carried out in accordance with Clause (2) of Article (23 bis) of the Egyptian Exchange Listing and Delisting Rules, while maintaining the company's existing listing data following the completion of the cash capital increase listing.