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Tuesday, 1 August 2017

Is outgoing EGX head Mohamed Omran in line to head EFSA?

Is outgoing EGX head Mohamed Omran in line to head EFSA? Word on the grapevine is that Mohamed Omran, who will officially leave his post as EGX chairman on 6 August, will be heading EFSA — or so sources tell Daily News Egypt. The newspaper is also claiming that Mohamed Farid, who previously served as vice chairman of the EGX, has been tapped by Investment Minister Sahar Nasr to head up the bourse. The newspaper claims to have been told that Prime Minister Sherif Ismail will officially announce the appointment of Farid within the week. As we have heard nothing recent on whether current EFSA boss Sherif Samy will continue in office, we urge readers to take the news with a grain of salt until something official comes along.

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