8 January 2013
(CAIRO, Egypt) — Senior management from 15 top publicly traded Egyptian companies will be in London and New York next week for the CI Capital Egypt 2013 Conference, the largest-ever Egypt-focused investment conference to take place in a global financial center.
Egyptian business leaders will meet face-to-face with institutional investors from the United Kingdom with an aggregate USD 8.2 trillion in assets under management (AUM) on 14-15 January 2013 in London before crossing the Atlantic to meet with New York-based investors who manage funds with AUM in excess of USD 500 billion.
“With 2013 set to be a critical year for the future of Egypt’s economy, there has never been a more important time for long-term investors with an interest in the Arab world’s most populous nation to meet one-on-one with senior management from top listed companies,” said Mahmoud Attalla, Chief Executive Officer of CI Capital.
Participating Egyptian issuers include Amer Group (real estate and entertainment), Centamin (mining), CIB (banking), Citadel Capital (private equity), Eastern Company (tobacco), Ezz Steel (steel manufacturing), GB Auto (automotive assembly and distribution), Juhayna (consumer foods), Lecico (sanitaryware manufacturing), Medinet Nasr Housing and Development (real estate development), Orascom Construction Industries (international fertilizer producer and construction contractor), Oriental Weavers (carpet manufacturing), Sewedy Electric (energy solutions), and Talaat Moustafa Group (real estate development).
Other participants included Minister of Investment Osama Saleh, Egyptian Business Development Association (EBDA) Founder Hassan Malek, and the Central Bank of Egypt, all of whom shared fundamental insights into the Government of Egypt’s vision on economic policy for 2013 and beyond.
“The outstanding response from institutional investors to our first annual London-New York-Egypt conference is a clear testament to Egypt’s long-term potential,” noted Attalla. “With more than 85 million consumers, compelling competitive advantages and immense export potential, Egypt is more than just the most diverse economy in the Middle East and North Africa: It is among those with the most long-term potential to generate strong returns, as it demonstrated in 2012 by closing the year as one of the world’s top-performing stock exchanges.”
CI Capital Brokerage, a division of Egypt’s premier investment bank, is the top-ranked securities broker in Egypt by market share of executions.