| In a new step that reflects EGX growing position regionally and internationally, the General Assembly of the Federation of Euro-Asian Stock Exchanges (FEAS), in presence of 29 head of European, Asian and Arab stock markets, elected Dr. Mohammad Omran, EGX Chairman by the majority of voting for FEAS Chairmanship for the second consecutive time, where EGX had 24 votes against Iran Fara Bourse, as the first FEAS president from outside Turkey since the federation establishment 20 years ago. The General Assembly appreciated EGX efforts during its presidency for FEAS in the first period, especially in improving the federation corporate governance standards and maximizing the member exchanges’ capabilities, as well as to developing the trade surveillance efforts. Dr. Omran expressed his pleasure and appreciation for FEAS general assembly confidence in himself, stressing that this election is a recognition for EGX ongoing efforts in the recent years on the international and regional levels, stating that those steps contribute for promoting the investment climate in Egypt. He said that despite of the difficulties faced by FEAS during the recent period, but the member exchanges realized the importance of the lineup behind EGX’ leadership during the coming period to restructure the federation and its position on the global investment map, noting that FEAS is one of the largest regional associations with a market capitalization approaching $ 1 trillion, more than 4500 companies and the annual trading value of the member exchanges is about $ ½ trillion. |
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EGX Wins FEAS Chairmanship
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