He explained that MSMEDA focuses on empowering youth,
supporting entrepreneurship, and providing financial and non-financial tools to
help companies achieve stability and growth. Many companies have successfully
evolved from small to medium and large enterprises, with plans to double their
numbers in the near future.
Rahmy also praised the role of state institutions, notably
the EGX, the Financial Regulatory Authority (FRA), and the General Authority
for Investment, in supporting these companies.
The remarks came during the “Ring the Bell” event held by
the EGX yesterday, celebrating the transition of Premium Healthcare Group, a
promising company in Egypt and the Middle East’s healthcare sector, from the
SME market to the main market.
The event was attended by Dr. Islam Azzam, Chairman of the
EGX; Mohamed Sabry, Vice Chairman of the EGX; Basil Rahmy, CEO of MSMEDA; Dr. Beshoy
George, Vice Chairman of Premium Healthcare Group; and other senior executives
from the EGX and MSMEDA.
The EGX Chairman stressed that the transition represents a
key step reflecting the success of the Exchange’s strategy in supporting SMEs
to grow and gradually expand into the main market.
Azzam highlighted that the EGX prioritizes improving
disclosure efficiency to enhance market transparency. Disciplined disclosure is
a cornerstone for fair markets, providing accurate and timely information,
reducing gaps among investors, and enabling informed investment decisions.
He expressed hope that these efforts will continue to
positively impact the performance of the EGX, strengthening its regional and
international position and creating promising investment opportunities aligned
with Egypt’s economic objectives.
Rahmy reaffirmed MSMEDA’s commitment to encouraging SME
owners to enter the EGX SME market, improving financial and operational
performance, and preparing them for the main market. The agency provides
technical, financial, and marketing support to outstanding youth-led projects
to boost productivity and facilitate access to international markets, a key
step in business growth and meeting stock exchange requirements.
He added that the Egyptian government, led by Prime Minister
Dr. Moustafa Madbouly, prioritizes youth employment and entrepreneurship
through supportive legislation that offers incentives, advantages, and tax
concessions, ensuring continuity, expansion, and increased profitability of
these enterprises.