Farid: The stock exchange contacted 88 companies at the end of last October as part of the listing promotion plan

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Dr. Mohamed Farid, Chairman of the Board of Directors of the Egyptian Stock Exchange, revealed that the Egyptian Stock Exchange had targeted about 88 companies to communicate with them as part of the plan to promote listing on the stock exchange during the period from the beginning of the year until the end of October 2020.

During a conference held by the Egyptian Stock Exchange via Zoom technology, Farid added that the total number of companies that have been targeted and contacted with them since the launch of the CRM system is about 318 since 2018.

He explained that the most prominent target companies that carry out property transfers in an over-the-counter market are in the stock exchange, in addition to the companies listed in the central custody system of the Misr Clearing Company, in addition to the companies registered in the General Investment Authority records.

He pointed out that the complex circumstances imposed by the repercussions of “Corona” led to the postponement of a number of proposals from companies scheduled to be registered in a number of sectors.

The article is unique: The stock exchange contacted 88 companies at the end of last October, as part of the listing promotion plan, which was written in the Al Borsa newspaper.