Ten companies have transferred from Egypt's small and medium enterprises (SME) board to the main market, in a move the Egyptian Exchange (EGX) says underlines efforts to deepen liquidity and expand investment opportunities. Ferchem MASR for Fertilizers and Chemicals became the first of the group to start trading this year, marked by a "Ring the Bell" ceremony in Cairo on Wednesday. EGX Chairman Islam Azzam said the exchange's strategy was to nurture SMEs through sustainable growth until they were ready for the main board, providing them with access to a larger investor base. "We are committed to promoting promising companies and encouraging them to use their listings to unlock new investment opportunities," he said. The shift comes as Egypt seeks to bolster its capital markets as part of wider economic reforms, aiming to attract private sector capital and diversify sources of funding for growth. Attribution: Amwal Al Ghad English Subediting: Y.Yasser
