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Rahmy attends celebration of SME’s move to EGX main market

Businessmen Team news 12 September 2025 03:05 PM
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Rahmy attends celebration of SME’s move to EGX main market

Basil Rahmy, CEO of the Micro, Small, and Medium Enterprise Development Agency (MSMEDA), emphasized that the success of small and medium-sized enterprises (SMEs) in transitioning to the main market on the Egyptian Exchange (EGX) serves as a model of sustainable development for Egyptian companies.

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.