EGX Chairman Showcases Investment Opportunities to Kuwaiti Investors as Market Cap Exceeds EGP 4 Trillion
Omar Radwan, Chairman of the Egyptian Exchange (EGX), reviewed the latest market performance developments and promising investment opportunities for Kuwaiti investors during a recent virtual seminar. The event was organized by the Egyptian Commercial Representation Office at the Egyptian Embassy in Kuwait in collaboration with the Union of Investment Companies (UIC) in Kuwait, aiming to bolster economic cooperation and attract further joint investments between the two nations.
The seminar featured high-profile participation, including Mohamed Sabry, EGX Vice Chairman; Ambassador Mohamed Gaber Abul Wafa, Egypt's Ambassador to Kuwait; Nashwa Salah, Minister Plenipotentiary for Trade; Abdullah Hamad Al-Terkait, Chairman of the UIC in Kuwait; and Essam Breiqa, Head of the Egyptian Commercial Office in Kuwait, alongside a host of prominent Kuwaiti investors.
Record-Breaking Market Performance
During his address, the EGX Chairman highlighted the robust performance of the Egyptian market in recent periods. He expressed optimism that the market's positive trajectory will continue, driven by structural reforms aimed at developing the trading environment and enhancing the exchange's appeal to both local and foreign investors.
The following table outlines the key performance indicators and milestones recently achieved by the EGX:
EGX Performance IndicatorRecent Milestone / Value
Total Market CapitalizationExceeded EGP 4 Trillion (Approximately $83 Billion)
New Investors (YTD)Over 385,000 new investors joined the market
Average Daily TransactionsSurpassed 300,000 executed trades
Average Daily Trading VolumeExceeded EGP 15 Billion
Diversified Financial Instruments
The EGX presentation spotlighted prominent investment sectors in the Egyptian market, along with newly introduced financial products designed to diversify options for investors. The highlighted instruments included:
Financial Derivatives
Sukuk (Islamic Bonds)
Government and Corporate Bonds
Exchange-Traded Funds (ETFs)
The Voluntary Carbon Market
These tools aim to provide tailored investment solutions that cater to the varying needs and risk appetites of different investor segments.
Strong Kuwaiti Confidence in the Egyptian Economy
On his part, Abdullah Hamad Al-Terkait, Chairman of the UIC in Kuwait, praised the continuous efforts of the EGX to upgrade trading mechanisms and elevate market transparency. He affirmed the strong interest of Kuwaiti investors in exploring lucrative opportunities across various Egyptian economic sectors.
Al-Terkait highlighted that more than 1,800 Kuwaiti companies currently invest in Egypt, a figure that strongly reflects the confidence Kuwaiti investors place in the Egyptian economy. He also anticipated a new phase of bilateral cooperation in various economic and investment fields in the near future.
The seminar aligns with the ongoing strategic coordination between the EGX, the Commercial Representation Authority, and the Ministry of Investment and Foreign Trade to drive Arab and foreign capital flows into the Egyptian market. Discussions also covered recent tax incentives and regulatory decisions aimed at continually improving Egypt's investment climate.