The annual Capital Markets Summit, organized by Media Avenue, will kick off on 20 June under the title “Egypt’s IPOs in Motion”, which focuses on the government’s initial public offering programme and enhancing private sector participation in the economy.
The summit will discuss executive procedures to activate the state ownership document for partnership with the private sector, and highlight the role of the government offering program in addressing the current situation and encouraging foreign investments.
It will also discuss the impact of the program on the activity of the main parties to the capital market, including traders, brokers, investment banks, and financial and legal advisory providers.
The summit focuses on the expected momentum, including the launch of the program and the expansion of the segment of companies being traded as well as the consequent entry of new segments of investors, which contributes to moving the stagnant waters in the market for years.
During the past months, Egypt witnessed rapid and successive moves to facilitate procedures and pave the way for exits from government assets, including the launch of the state ownership document that regulates the government’s presence in economic activities, the announcement of the first phase of the offerings program and the launch of the offerings fund to contribute to accelerating the program and attracting investors.
The government announced a compressed program to offer dozens of companies within months, which requires discussing the ability of the capital market to keep up with this pressure and the tools required to make this possible, through a group of market-related leaders and heads of major investment banks and financial and legal consulting offices.
Speakers at the summit will present their proposals for an effective role for investment banks in the process, especially promoting offerings, attracting high-net-worth investors from home and abroad, and giving credibility to the program using language and tools that markets and investors understand.
The summit aims to explain the coordination mechanisms between the various parties related to the program, including private owners, the Ministry of Finance, the Sovereign Fund of Egypt, which plays a key role in the promotion process, the Council of Ministers that enacts related policies, and the role played of the Proposals Unit in the Council of Ministers in this regard.
Due to its primary role in the process, the Sovereign Fund of Egypt will have an important space in the conference to talk about its role in maximizing the return on state assets and answering questions related to the propositions it will lead in the money market during the coming period and the external promotion operations it is currently undertaking with the aim of attracting foreign investments.
The summit will also shed light on the new tools that will enter the Egyptian capital market during the coming period, such as the futures exchange, with the aim of diversifying financial instruments and investment mechanisms.
The Capital Markets Summit this year will discuss different forms of financing and business models suitable for current changes. Leaders of the non-banking financial sector, especially lending companies, will talk about the expected growth opportunities and the increasing role of financial technology in expanding the sector, increasing financial inclusion rates and generating profits.
