Representative Ayman Mohseb: The thesis program is an important step to strengthen the Egyptian economy and attract foreign investments
Dr. Ayman Mohsab, member of the House of Representatives and rapporteur of the Investment Priorities Committee in the National Dialogue, confirmed that the theses program announced by the government, which includes offering 10 companies for partnership with strategic partners or as a public offering on the Egyptian Stock Exchange, is an important step within the government’s strategy to strengthen the Egyptian economy. And attracting new investments, noting that the program contributes to attracting capital as it provides local and foreign investors the opportunity to participate in the Egyptian economy, which may increase cash and investment flows, as well as enhance transparency in the market. Al-Masry, where these companies are obligated to disclose their financial and administrative position, leads to improving governance within these companies.
Mohsab said, “It is the success of the theses program that the government announced its launch.” In 2025, it will contribute to reducing the fiscal deficit, as Stimulating the financial market because with an increase in the number of listed companies, it could enhance the activity of the Egyptian Stock Exchange, which encourages individual investors to participate, expressing some concerns related to the timing of the offering in light of the current global and local economic situation, which could negatively affect demand, especially with high inflation rates. And interest, which requires gradual offering and starting the offering with strong companies with stable performance to encourage participation and build confidence with local and foreign investors, as well as organizing international campaigns to promote the theses to attract foreign investors, while providing tax incentives to investors who participate in New IPOs.
The member of the House of Representatives called on the government to evaluate companies more realistically, so as not to raise questions among investors about the feasibility of the offering, by seeking the assistance of international experts to ensure the evaluation Offered companies are in accordance with global market standards, communicating with investors and providing clear reports on the companies’ performance and future plans to attract investor confidence, as well as improving operational performance and carrying out administrative reforms within the offered companies to become administratively ready to achieve growth and attract investors, as well as enhancing operational efficiency. By focusing on improving productivity and achieving profitability before launching it.
MP Ayman Mohseb stressed that if the program is implemented wisely, it may be an excellent opportunity to strengthen the Egyptian economy, especially if it coincides with With comprehensive economic reforms, and legislative and regulatory reforms that contribute to simplifying investment and trading procedures on the stock exchange to facilitate the entry and exit of investors, in addition to ensuring the stability of economic policies and not changing laws related to investment suddenly, calling on the government to launch educational and organizing campaigns. Seminars and workshops to introduce individual investors to the importance of the IPO and how to participate in it, and to present the government’s plans on how to invest the proceeds of the IPO in improving public services and infrastructure.
- For more: Elrisala website and for social networking, you can follow us on Facebook
- Source of information and images “rosaelyoussef”“
