Telecom Egypt : hosts the 2019 CFA Institute Research Challenge

Telecom Egypt is pleased to have hosted the 2019 CFA Institute Research Challenge participants in its headquarters welcoming an enthusiastic group of 100 finance students representing 16 universities from Egypt. The CFA Research Challenge is organized by the CFA Society in Egypt, a member of the CFA Institute, the global association of investment professionals. During the event, the students were able to directly address Telecom Egypt's top management with their questions and improve their understanding of Telecom Egypt's strategy, operations and financial performance.

The CFA Institute Research Challenge offers students the unique opportunity to develop and present an equity research report and compete on a global basis. This annual educational initiative is designed to promote best practices in equity research among the next generation of analysts through hands-on mentoring and intensive training in company analysis and presentation skills. The aforementioned local competition is due to be held in February 2019 and the winning team will qualify to compete in the EMEA Regional competition that will be held in Zurich, Switzerland and have the opportunity to compete in the global final that will be held in New York, USA during April 2019.

Participating universities included:

- Misr University for Science and Technology

- Modern Sciences and Arts University

- The American University in Cairo

- The Arab Academy for Science & Technology & Maritime Transport

- The British University in Egypt

- The German University in Cairo

- Zagazig University

- Ain Shams University

- Al-Azhar University

- Alexandria University

- Badr University in Cairo

- Beni-Suef University

- Cairo University

- Future University in Egypt

- Helwan University

- Misr International University

Ahmed El Beheiry, Managing Director and Chief Executive Officer, commented:

'We are very pleased that the CFA Society in Egypt chose Telecom Egypt as this year's research challenge case study. Such initiative perfectly matches our strategy and new identity. At Telecom Egypt, we focus on the technological advancement of our country aiming to fulfill the needs of the tech-savvy youth. We are proud of our role in the Egyptian society, whether it is through our core business by investing to overhaul Egypt's domestic and international connectivity to drive economic development or aid the youth in its knowledge quest through initiatives such as the CFA Research Challenge.'