Wednesday,18 October, 2017
Current issue | Issue 1356, (10 - 16 August 2017)
Wednesday,18 October, 2017
Issue 1356, (10 - 16 August 2017)

Ahram Weekly

New chief for Egyptian exchange

New chief for  Egyptian exchange
New chief for Egyptian exchange
Al-Ahram Weekly

THE EGYPTIAN Stock Exchange (EGX) received a new chairman this week. Mohamed Farid Saleh, chairman and CEO of Dcode Economic and Financial Consulting, replaces Mohamed Omran, whose four-year term has ended.

Farid is no stranger to the EGX, as between July 2010 and October 2011 he was vice-chairman working with the EGX team on the weighting of indices as well as the development of a derivatives market. Before 2010 he served as head of the capital markets unit at the Ministry of Investment. 

There have also been changes at the Egyptian Financial Supervisory Authority (EFSA). The tenure of Sherif Sami, chairman of the EFSA, ended this week, with Reda Abdel-Moeti, Sami’s deputy, taking the helm until a new full-time chairman is appointed. 

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