Gulf investments in Egyptian Stock Exchange hit SR8 bln.. 30% ‎of which is Saudi share

The total Gulf investments in the Egyptian stock market amounted to approximately 8.2 billion riyals, while Saudi investments amounted to 2.4 billion riyals, which constituted 30% of the total Gulf investments.

According to data seen by the “Mal” newspaper, the total trading volume of the Gulf countries (Saudi Arabia, the Emirates, Kuwait, Bahrain, Oman, Qatar and Iraq) in the year 2022 for securities listed in the Egyptian market amounted to 11.6 billion riyals in purchases, while the total sales deals amounted to 3.4 billion riyals. ..

The total volume of Saudi trading in the Egyptian market during the year 2022 for listed securities amounted to 4.1 billion riyals, buying, the total sales to Saudis amounted to 1.6 billion riyals, and the number of Saudi companies and individuals investing in the Egyptian market reached 1732, while the number of companies reached 154 companies. ..

The most important sectors in which the Saudis invested in the Egyptian market during the year 2022 are, in order, “basic resources – communications and information technology media – banks – transportation and shipping services – and real estate.”

It is noteworthy that the Saudi Egyptian Investment Company, wholly owned by the Public Investment Fund, announced in the year 2022 AD that it had acquired shares in four leading companies listed on the Egyptian Stock Exchange, after obtaining the necessary regulatory approvals. : “Abu Qir Fertilizers and Chemical Industries, Misr for Fertilizers Production, Alexandria for Container and Commodity Handling, and E-Finance for Financial and Digital Investments, who work in promising sectors such as financial technology services and logistics services, in addition to promising sectors such as the fertilizer sector.

The Saudi Egyptian Investment Company seeks to support the efforts of the Public Investment Fund in searching for new investment opportunities in the Middle East and North Africa region, which support building long-term strategic economic partnerships to achieve sustainable returns, which in turn contributes to maximizing the fund’s assets and diversifying its sources of income in line with Vision 2030.

Egyptian state announced earlier that it will continue offering many local companies for investment, noting that the target is to achieve about $2 billion before the end of next June. Egyptian Prime Minister Mostafa Madbouly said that the government is continuing the privatization program, adding that more than 10 companies affiliated with the armed forces will be listed on the stock exchange.