Egypt’s Minister of Planning and Economic Development discusses ways of cooperation with the Muscat Stock Exchange

H.E. Dr. Hala El-Said, Egypt’s Minister of Planning and Economic Development, received a delegation from the Muscat Stock Exchange headed by Mohamed Mahfouz Al-Ardhi, Chairman of the Board of Directors, and Haitham Salem A. Al Salami, CEO of the Muscat Stock Exchange.
The meeting was attended by Rami El Dokani, Chairman of The Egyptian Exchange (EGX), Ayman Soliman, Executive Director of the Sovereign Fund of Egypt (TSFE), Naglaa El Beily, Assistant Minister of Planning for Asset Management and Investment Management, Counselor Mohamed Abazid, Legal Adviser to the Minister, and Ambassador Hazem Khairat, Director of the Ministry's International Relations Office.
At the beginning of the meeting, El-Said affirmed the depth of Egyptian-Omani relations and referred to the visit of H.E. President Abdel Fattah Al-Sisi to Oman several months ago.
El-Said also reviewed the areas of work of the Ministry of Planning and Economic Development and the most critical files and projects it supervises during the meeting. It also reviewed the structural reform package and its objectives for the development of the Egyptian economy.
Moreover, the Minister of Planning and Economic Development also reviewed Egypt's experience in establishing TSFE and its subsidiary funds. This was in the areas of infrastructure, tourism, the pharmaceutical industry, and financial technology.
TSFE is also working on establishing a pre-IPO fund that aims to achieve the highest returns from offering state-owned companies within the IPO program.
For his part, Rami El Dokani, Chairman of the Egyptian Stock Exchange, affirmed that the visit comes within the framework of continuous and extended cooperation within the parameters of the bilateral cooperation memorandum signed with the Muscat Stock Exchange, which aims to exchange experiences, discuss joint listing mechanisms and facilitate the work of investment and financial institutions between the two stock exchanges.
For his part, Mohammed Mahfouz Al-Ardhi, Chairman of the Board of Directors of the Muscat Stock Exchange, confirmed that the Muscat Stock Exchange was keen to expand cooperation with the Egyptian Stock Exchange, investment institutions, and the government of the Arab Republic of Egypt, and to take advantage of the available opportunities, given the significant economic development that Egypt has witnessed in recent years.