Bourse Prepares to Launch Digital Registry for EGX-Listed Companies’ IR Officers

The Egyptian Exchange (EGX) is taking steps towards the creation of a new digital registry. This registry is specifically aimed at Investor Relations (IR) officers belonging to EGX-listed companies. While the initiation of this project has been confirmed, an official date for the same has not yet been announced. The principal objective of this registry is to surge the quality of disclosures made to the stock market. These disclosures are not just limited to the content but are also inclusive of the timing. The enhancement of these factors is deemed to bolster the market’s efficiency while also improving communication among market stakeholders. Procedures that surround the setup of this database and the registration of IR officers are due to being on successful passing of tests, interviews, and after completing the necessary training programs that are conducted by the Bourse. EGX Chairman, Ahmed Abdel Rahman El Sheikh, underlined that the registry is designed to aid the capabilities of the IR officers, especially concerning data and information handling. This registry is also expected to stimulate both institutional investment and individual investments through the stock market. El Sheikh voiced the intention of the registry to improve the market’s informational efficiency, particularly with respect to disclosure reports regarding environmental, social, and governance and reports that pertain to the financial impact of climate change which companies are obligated to publish.