Application of sustainability enables Egypt’s economy to attract $20bn

Chairman of the Egyptian Stock Exchange (EGX) Mohamed Omran said EGX’s attention to sustainability is not a luxury amid the challenges taking place in the stock market from a lack of liquidity and other issues.

He said EGX is now thinking outside the box since waiting for market challenges to end is not an option. The business community does not have enough awareness of the importance of sustainability and the size of the opportunities it produces, as was the case with governance, which showed the reluctance of investors’ interest in them.

He said that at the time, governance was seen as a luxury and its application led to develop financial and organisational systems of companies or attract new investments, as well as protecting companies from many of the financial crises that hit many markets in the recent period.