Azzam holds a PhD in finance and has served in multiple regulatory and academic roles. He earned a Bachelor’s degree in Economics from Cairo University, followed by a Master’s degree in Economics from the American University in Cairo. He later pursued advanced studies in the US, obtaining a second Master’s degree and a PhD in Monetary Policy and Econometrics from the University of California.
His appointment comes at a pivotal time for the EGX as Egypt looks to invigorate capital markets as engines for economic development and investment mobilization.
Azzam, who previously served as Vice Chairman of the Financial Regulatory Authority (FRA), will assume the leadership of the EGX with a clear reform mandate.
In his first official remarks, Azzam pledged to work alongside market stakeholders to align the exchange with international standards and serve the national economy.
“The stock market will continue to operate under the principles of supply and demand, with no restrictions on trading,” Azzam said.
“We are committed to enhancing regulatory oversight and maintaining fair, transparent, and efficient markets.”
The new chairman said the coming period will see accelerated efforts to introduce financial derivatives and activate the role of market makers, as well as expand securities lending and borrowing mechanisms — measures long sought by investors to deepen the market and diversify trading instruments.
Azzam also stressed the importance of a collaborative approach, stating that regular dialogue with market participants will underpin EGX policy-making moving forward. “We will focus on fostering an efficient and competitive marketplace that attracts investment and drives economic growth,” he noted.
Promoting new listings, particularly from the private sector, will also be a priority, with plans to intensify marketing efforts and support Egypt’s broader privatization agenda.
The move comes in line with the State Ownership Policy Document, which aims to expand private sector engagement through public share offerings of state-owned enterprises.
Highlighting the bourse’s close cooperation with the FRA, Azzam affirmed that regulatory coordination will continue to be a cornerstone of EGX operations, ensuring investor protection and market stability.
“The success of our market depends on teamwork, innovation, and a shared commitment to advancing Egypt’s financial sector at the local, regional, and international levels," Azzam stressed.
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