By: Fahd Omran

Cairo – Mubasher: Egypt came in the third place in the MSCI Emerging Markets Index, rising by 39% in 2019, following Russia and Greece, the Financial Regulatory Authority’s (FRA) chairman Mohamed Omran said.

Over the course of 2019, there were 18 securitised bond issuances worth EGP 22.1 billion, compared to seven issuances valued at EGP 5.3 billion a year earlier, Omran added during a conference on Tuesday.

The Egyptian market acquired 25% of the total risk capital funding in the MENA region last year, through 141 deals out of total 564 deals in the region, he noted, adding that securities in the main market exceeded EGP 1 trillion.  

In addition, total mortgage, financing leasing, factoring, and micro-funding reached EGP 15 billion directed to 3 million beneficiaries.