Egypt launched on Wednesday Tamayoz, a sentiment index for small- and medium enterprises (SMEs).
The launch took place during the Egyptian stock exchange’s (EGX) opening session on Wednesday in the presence of Prime Minister Moustafa Madbouly, five ministers, alongside Mohamed Abdel Wahab, chair of the General Authority for Investment and Free Zones (GAFI), and EGX chairman Mohamed Farid.
According to Farid, the companies listed on Tamayoz index are selected according to several criteria, including achieving a minimum compound annual growth rate (CAGR) of 10 percent over four years or generating 10 million Egyptian pounds ($636,581) in sales during the last year. Companies shall also achieve positive growth in the book value or cash inflows from operational activities during the last two years.