Developing EGX among goals of economic reform
Investment and International Cooperation Minister Sahar Nasr
Cairo - Mena
Investment and International Cooperation Minister Sahar Nasr said her ministry attached great importance to the Egyptian Exchange (EGX)'s upgrade process as one of the main goals of Egypt's economic reform program.
In a statement on Thursday, the minister said decisions were recently issued to amend EGX corporate governance regulations as well as rules governing the appointment of new EGX chairman for a four-year term that could be only renewed once.
Nasr further underlined that the cabinet recently approved amendments to the Capital Market Law.
On Wednesday, Prime Minister Sherif Ismail appointed Mohsen Adel Helmy as Vice Chairman of the Egyptian Exchange (EGX).
Under the decision, Helmy will serve as vice-chairman for four years to succeed Wagih Mostafa whose mandate ended on June 30.
Source: Mena
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