BSE ties up with Egyptian Exchange, signs MoU to build capital market flows

BSE & EGX will build expertise in product development & boost international connectivity

Leading bourse BSE on Wednesday joined hands with Egyptian Exchange (EGX) for cooperation in exchange of information across business areas.

In a statement, EGX Executive Chairman Mohamed Omran said that the exchange aims to cross list and trade securities that would provide new investment alternatives to investors in both markets.

The exchanges signed a memorandum of understanding (MoU), through which they have created possibilities for a range of opportunities to be studied and explored for the development of their businesses, products and markets and to share knowledge and build on both bourses' strategies to strengthen international connectivity.

"This MoU further complements EGX's strategy