Head of the Financial Regulatory Authority (FRA), Mohamed Omran, expected that a food company would be floated on the Egyptian Stock Exchange (EGX) during the first half of this year.
Omran said in a press statement on the sidelines of the annual conference for the FRA, Monday, that the company is medium-sized.
The head of the FRA said during the conference that the value of securities issuances (stocks, bonds and sukuk) rose to LE 280.3 billion during 2021, compared to LE 193.7 billion during 2020, with a growth rate of 44.7 percent.
Omran confirmed during the annual conference for financial regulatory held, Monday, that the capital market indicators witnessed a remarkable growth during the past year 2021, as a result of the beginning of the Egyptian economy’s recovery from the slowdown that accompanied the Corona pandemic during the year 2020.
He added that 2021 witnessed the first issuance of green bonds in the capital market in Egypt by a company with a value of $100 million (equivalent to LE 1.6 billion), in cooperation with the International Finance Corporation to support the transformation of the Egyptian economy into a green economy.
Omran also pointed out that the market capitalization of shares listed in the main market increased by 17.6 percent during the year, reaching LE 765.6 billion at the end of 2021, compared to LE 651 billion at the end of 2020.
The total trading value reached LE 1007.1 billion in 2021, compared to LE 689.6 billion in 2020, with an increase of 46 percent.
Mohamed Omran stated that the value of shares trading reached LE 463.6 billion during 2021, compared to LE 311.6 billion in 2020, with an increase of 49 percent, while the value of bonds trading reached LE 543.5 billion during 2021, compared to LE 378 billion in the previous year, with an increase rate of about 44 percent.
He noted the rise in the Egyptian Stock Exchange indices during 2021, as the main index EGX30 scored about 11,949.1 points (at the close of 2021), with an increase of 10.2 percent on an annual basis, while the rate of rise in each of the EGX70 EWI and EGX100 EWI indices during this year was 2.6 percent and 5.1 percent, respectively.
