London Stock Exchange Group concludes Cairo visit aimed at supporting Egypt's economy

Ahram Online , Tuesday 24 Oct 2017

Minister Sahar Nasr (Al-Ahram)
Minister Sahar Nasr (Al-Ahram)

A delegation from the London Stock Exchange Group concluded on Tuesday its two-day visit to Egypt, the aim of which was to support the country's economy and help Egyptian businesses and government access London markets, according to a statement by the UK government on its official website.

The delegation was headed by the Head of International Business Development Tom Attenborough, Head of Primary Markets for Middle East, Africa & India Gokul Mani, and Manager of International Government Relations Adam Scheuer.

The three met with a number of top government officials of finance and investment including Investment Minister Sahar Nasr and the Head of Egyptian Stock Exchange Mohamed Farid.

"Now LSE Group are here to help more companies access the investment capital needed to build the new Egypt, and to build the capacity of the Egyptian Stock Exchange to help Egypt’s companies grow and create an economy that brings jobs, stability, and a brighter future for all Egyptians," British Ambassador John Casson said on Monday.

Thirteen Egyptian companies are listed on London’s global markets, according to Tom Attenborough. In 2017 alone, he said, seven billion dollars was raised by the Egyptian government in a landmark debt issuance in London.

"London offers issuers access to deep liquid pools of international investor capital, making the city a natural funding partner to Egypt as it continues on its transformative economic reform program," said Attenborough.

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