Egypt's small and medium-sized enterprise sector got a boost Thursday as an exchange targeting such firms kicked off its first day of operation, a move aimed at opening the door for new investments in an often undervalued sector.
While only 10 companies are listed so far on the Nilex Stock Exchange, the launch of the bourse is seen as a key to providing such firms with greater access to capital and boosting a sector described by officials as crucial to growth in the Arab world's most populous nation.
"For the first time, small and medium enterprises are being acknowledged," said Nora Helmy, managing director of Naeem Funds, an investment firm …
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