The Annual Capital Markets Summit will start on 19 October, under the title “The Capital Market and the New Republic’s Ambitions”, under the auspices of the Ministry of Finance.
With the participation of various capital market stakeholders, the summit will discuss how the capital market can keep pace with the government’s ambitious vision for the economy.
The summit will also discuss many outstanding issues, the future of financing and investment, new financial tools and how they can help both the government sector and the corporate sector to find more flexible and diversified financing alternatives, and the huge growth of digital financial operations.
This year witnessed the establishment of the Central Depository and Registry of Government Securities Company, Egypt’s approaching Inclusion in the JPMorgan bond index, and the development of financing mechanism through future contracts, the issuance of the Sovereign Sukuk Law, and the discussion of the Financial Technology Law which will encourage crowdfunding.
Mahmoud Mohieldin, Vice President of the World Bank, will deliver a speech during the conference, to shed light on the challenges and opportunities facing the global economy, and how emerging markets and Egypt can navigate smoothly through this difficult period.
The summit will also reveal the government’s visions regarding the public offering of some state-run companies on the Egyptian Exchange.
Basil El Heni, Chairperson and Managing Director of Misr Insurance Holding Company, and Ibrahim Sarhan, CEO of e-finance, will also speak at the conference to clarify their plans for the capital market.
Ayman Soliman, Executive Director of The Sovereign Fund of Egypt (TSFE), will also review the fund’s plans and the latest developments, with the fund’s leading role in supporting financing and investment operations and participating in the offering of government companies, and its role in supporting investment opportunities and attracting investors.
The fund’s agenda set a hot dialogue session on the future of the Egyptian financial sector, and the role that investment banks and commercial banks will play, after there has become business integration represented by more than one company in the Egyptian market, each of which owns a commercial bank and an investment bank. The session will explore the impact of this competition and convergence between the two sectors.
The Capital Markets Summit will also discuss the opportunities and challenges facing business models in the post-coronavirus period, especially after the pandemic led to significant growth in corporate digital operations and forced some to transform.
Youssef Salem, Chief Financial Officer of Swvl, which became the first Egyptian unicorn, after it merged with a special purpose acquisition company SPAC, and whose valuation rose to more than $1bn, will participate, while the conference will discuss the role of this type of company, which can contribute to accelerating the growth of startups, enabling investors to enter the early stages of technology companies’ life.