The economic and social development paper for fiscal year 2022/2023, filed by Minister of Planning Dr. Hala Al-Saeed and approved by both houses of Parliament (House of Representatives and Senate), disclosed the government’s fiscal year plan.
To revitalise the stock market, the first step is to encourage large and medium-sized companies to list their shares on the Egyptian Stock Exchange and encourage public subscription, as well as to activate a programme of proposals for public-sector companies by beginning to offer some high-return companies to encourage public subscription.
This is in addition to working to ensure the safety of Egyptian capital markets by inviting large and medium-sized businesses to offer their shares on the Egyptian Stock Exchange and encouraging their subscription, as well as activating the theses programme for public business sector companies by beginning to offer some high-return companies to stimulate public subscription, and inviting Arab investors to increase their financial transactions through the activity of the Egyptian Stock Exchange.
The government’s plan to activate the stock market, as stated in the economic and social development plan, also includes activating the role of the sovereign fund in stimulating Arab investments in Egypt and entering into partnerships with national companies and introducing investment opportunities available in various fields to attract more Arab investments, in addition to looking into Granting tax exemptions to funds investing in public debt instruments, shares listed on the stock exchange, and shares listed on the stock exchange.
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