The Egyptian Stock Exchange signed a cooperation agreement with the Canadian University of Ahram Tuesday, December 3, 2024, within the framework of spreading financial culture among students and providing specialized training programs aimed at enhancing financial awareness and developing students' understanding of investment principles, which contributes to preparing a new generation of young people looking forward to economic success.

Mr. Ahmed El Sheikh, Chairman of the Egyptian Stock Exchange, signed the cooperation agreement with Dr. Khaled Hamdy Abdel Rahman, President of the Canadian University of Ahram, in the presence of Dr. Mohamed Fayez Farhat, Chairman of the Board of Directors of Al-Ahram Foundation, and a number of editors-in-chief of Al-Ahram Foundation, namely Mr. Mohamed Ibrahim El Desouky, Editor-in-Chief of Al-Ahram Portal and Al-Ahram Al-Masa'i, Ms. Iman Iraqi, Editor-in-Chief of Al-Ahram Al-Eqtisadi and Language of the Age magazines, and Mr. Mohamed Abdullah, Editor-in-Chief of Al-Shabab magazine.

Mr. Ahmed El Sheikh, Chairman of the Egyptian Stock Exchange, thanked Dr. Mohamed Fayez Farahat, Chairman of the Board of Directors of Al-Ahram Foundation, and Dr. Khaled Hamdy Abdel Rahman, President of the Canadian University of Ahram, for the warm welcome, hospitality and sincere desire to cooperate.

El Sheikh stressed the keenness of the Stock Exchange management to spread and enhance financial culture among university students by giving lectures and preparing and distributing educational materials to university students on the principles of the stock market and investment and the possibility of application using the stock market simulation model. He also praised the work strategy adopted by the Canadian University of Ahram to enhance means of joint cooperation and spread financial culture and awareness among university students and affiliates.

El Sheikh added: We seek to have a subject on the principles of financial markets taught to first-year students in all universities to enhance the financial culture of young people and provide them with the necessary cognitive skills that help them deal with economic variables and the business environment after graduation.

The Chairman of the Egyptian Stock Exchange stressed that Al-Ahram Foundation represents a great history, as it was established about 159 years ago, and the Egyptian Stock Exchange also has a long history extending to about 140 years, and its historic building in downtown Cairo was established about 100 years ago, and part of it was allocated as a museum that everyone can visit.

He explained that cooperation between the Egyptian Stock Exchange and universities began years ago within the framework of the Egyptian Stock Exchange strategy that works on continuous cooperation with all state institutions and activating financial culture activities, and about 36 cooperation agreements were signed with various Egyptian universities in this framework.

The Sheikh stressed that the mental image of the Stock Exchange must be changed as a field for speculation only, but it is an investment like all other types of investment that may profit or lose, and the investor must be aware of the investment decisions he makes, so the Egyptian Stock Exchange focuses on awareness-raising campaigns and explaining the importance of financial culture and teaching the principles of investing in the Stock Exchange and urging young people to learn.

He pointed out that investing in the Egyptian Stock Exchange is one of the mechanisms that allow investing small amounts of money through which you can become a partner in major companies whose securities are listed in the market.

For his part, Dr. Mohamed Fayez Farahat, Chairman of the Board of Directors of Al-Ahram Press Foundation and Chairman of the Board of Trustees of the Canadian University of Ahram, stressed the importance of the partnership with the Egyptian Stock Exchange, in a step aimed at deepening the idea of ​​the applied part alongside the theoretical content in one of the important entities of the Al-Ahram Foundation. He added that the Canadian University of Ahram is an important arm of the foundation, as it is rare for there to be a press foundation that has a university and has academic partners inside and outside Egypt. He stressed that we aspire for this cooperation to extend from the university to the foundation, and to cooperate with the stock exchange in various fields, as effective partnerships are the basis for building effective strategies and an opportunity for sustainable communication.

Dr. Khaled Hamdy Abdel Rahman, President of the Canadian University of Egypt, confirmed that the cooperation between the university and the Egyptian Stock Exchange is fruitful and comes within the framework of the university's efforts to conclude more partnerships with various institutions to raise the efficiency of university students, making them graduates capable of competing in the local and international labor market. He expressed his hope that this cooperation will be more developed and improve the students' academic and practical performance.