The Egyptian Exchange (EGX) will start receiving candidacy applications for its board of directors’ elections, scheduled for 22 June, starting from 28 May. 95 of 2017 on the rules and procedures of the EGX board of directors’ election from representatives of companies operating in the field of securities and companies whose shares are listed on the stock market. Ehab Saeed, the managing director of Osool Securities, announced his candidacy to the securities companies’ seat, while most of the current board members have announced their candidacy for another term. The Ministry of Investment has released the rules governing the next board election, of which two seats are for the corporate companies and two others are for securities companies. The current EGX board of directors includes Mohsen Adel, Shawkat al-Maraghi, and Sulaiman Nazmi as representatives of securities companies; Hashim al-Sayed, representing listed companies; Mohamed Omran, chairperson of the EGX; and Wajeh Mustafa as the vice chairperson.

Source: Daily News Egypt May 20, 2017 15:45 UTC