04 February 2023 10:30 AM
Establishment of Alexandria Stock Exchange

Establishment of Alexandria Stock Exchange

Saturday، 24 September 2022 - 06:50 PM

Establishment of Alexandria Stock Exchange


In 1883, The First Stock Exchange for futures mercantiles was established in Alexandria.

In 1899, During the Reign of Khedive Abbas II, The Stock Exchange moved to a new building at Muhammad Ali Street.

In 1902, The Brokers' Syndicate was established, and its law became the Regulator of Stock Market Transactions.

Establishment of Cairo Stock Exchange in 1903

A company was established under the name of the Egyptian Company for Banking and Stock Exchange as a limited liability company for this purpose founded by some investors and brokers. During the year 1903, the old building of the Ottoman Bank (which is now Groppi Building - Adly Branch) located on Maghrabi Street was chosen as the official headquarters of the company.

The Brokers' Syndicate had laid some of the conditions and regulations of the market such as the conditions for accepting the listing of the shares and its schedule type, controlling the regulations of trading transactions, settling disputes between brokers and looking into the complaints lodged against them by the public.

During 1908, Cairo had a real trading platform from which interested investors could observe the trading activity of the stock market. This building was built in front of the French Consulate. Then, the first law regulating stock exchanges was issued on November 8, 1909.

During 1928, the Stock Exchange moved to the current headquarters located in Al-Sharifin Street.

The headquarters was built with the funds of a company, founded by brokers', established following the tenure end of the old company.

Legislative Framework for the Stock Exchange and its Development

Decree issued on November 8, 1909

Decree issued on December 31, 1933

Law No. (326) for year 1953 regarding Trading of Securities

The General Regulations of Stock Exchanges as per Law No. (161) for Year 1957

Law No. (121) for Year 1981 amending the General Regulations for Stock Exchanges.

Capital Market Law No. (95) for Year 1992

Presidential Decree No. (51) for Year 1997

Law No.(123) for Year 2008 amending Law No. (95) for Year 1992. Accordingly, Cairo & Alexandria Stock Exchanges became under one name, The Egyptian Exchange.

Presidential Decree No. (191) for Year 2009

MISSION & VISION        

EGX Vision

To be a World-Class, Egypt-based Exchange: the Premier Capital Market in the Middle East & North Africa Region that best serves its stakeholders.

EGX Mission

The mission of EGX is to operate and develop a high quality market for the benefits of its Egyptian and international clients.

EGX will serve and empower its customers by providing top notch market technology, innovative products, fair, transparent and efficient market.

EGX Values

EGX has a set of values that define its culture and belief in applying high standards of ethics and integrity with all its stakeholders :customers, members, issuers, managers, employees, regulators, the international and local investment communities.

The values comprise the following:

Customers (issuers, members, and investors) come first.

Just and equitable business environment.

High standards of integrity and the highest ethical standards from our employees and market participants. We regulate our market in accordance with international best practices.

Continuous learning and employee training enable EGX to better serve its customers.

Our business, mission and values are comprehended by our employees.

Continuously respond to the changing needs of internal and external environments.


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