A cooperation protocol between Ain Shams University and the Egyptian Stock Exchange to spread financial culture among students and graduates

Prof. Dr. Mahmoud El-Metini, President of Ain Shams University, and Dr. Mohamed Farid Saleh, Chairman of the Board of Directors of the Egyptian Stock Exchange signed a cooperation protocol between the university and the Egyptian Stock Exchange, after the Egyptian Stock Exchange trading session, participating in the activities of the Global Investor Week, which was inaugurated by Dr. Rania Al-Mashat, Minister of International Cooperation, in the presence of Professor Dr. Mahmoud El-Metini, a number of heads of private and governmental universities, leaders of the stock market, members of the Board of Directors of the Stock Exchange, and representatives of a number of professional associations working in the field of the stock market.

The protocol comes in support of the cooperation between the Egyptian Stock Exchange and Ain Shams University, and within the framework of the university’s endeavor to serve the community and strengthen scientific ties by developing the skills of students and graduates in the field of the labor market and the stock exchange, as well as within the framework of the Egyptian Stock Exchange’s initiative to spread financial culture, investment and cumulative savings in the stock exchange to maximize the contribution to development overall in Egypt.

In his speech during the protocol signing ceremony, Prof. Dr. Mahmoud El-Metini said that the protocol comes as an extension of the continuous cooperation between the two parties, thanking the EGX for its support of the university’s projects, whether in the educational or research fields and in the centers of excellence, pointing out that this protocol is the second to be signed between the university and the Egyptian Stock Exchange and aims to spread awareness of the advantages of listing in the stock exchange and publish Financial culture among students, young graduates and researchers.

Prof. Dr. Mahmoud El-Metini said that the rapid changes that the world is witnessing, especially in light of the Corona pandemic, made it imperative for the forces of civil society and major institutions such as the stock exchange with educational institutions to cope with the continuous changes, pointing out that the university is in the process of opening the largest center for innovation and entrepreneurship (I Hub) in the Arab region during the coming days, with the support of the Central Bank of Egypt, welcome the cooperation between the Stock Exchange and the Center for Innovation and Entrepreneurship at the university in all areas of financial technology and its applications, among others.

For his part, Dr. Mohamed Farid Saleh said that the current management of the Egyptian Stock Exchange believes that the process of enhancing financial culture and raising levels of financial awareness and knowledge is one of the most important goals of the value chain that it adopts to develop and develop the market, to raise efficiency and competitiveness, by increasing the number of listed companies “supply side” and the number of investors. The “demand side”, as well as the development of new financial products and mechanisms while improving the environment for doing trading and listing business. “The strategy to enhance the financial culture includes several axes, the most important of which are training employees of many companies, training university students, developing social media platforms and a complete update of the website, as well as launching an unprecedented media campaign to spread awareness and knowledge of the basics of investing in the stock exchange.

It is worth mentioning that the protocol aims to provide lectures to students about the principles of the stock exchange and stock riders simulation models, in addition to preparing and distributing educational electronic brochures by the stock exchange, and organizing a series of seminars for students to spread awareness of the advantages of listing in the stock exchange and spread financial culture.