Egypt's anti-drug body launches new awareness phase in Maspero Triangle    Agiba Petroleum starts production from Arcadia-28 at 4,100 BOE/day    Minister El-Shimy pushes for stronger returns, partnerships in real estate, construction sectors    Apparel, textile chambers engage with Chinese delegation to explore investment opportunities in Egypt    Egypt reviews health insurance funding mechanism to ensure long-term sustainability    Obama calls for aid access to Gaza, says 'no justification' for withholding food    Gaza on verge of famine as war escalates, ceasefire talks stall    Gaza crisis, trade on agenda as Trump hosts Starmer in Scotland    Egyptian president follows up on initiatives to counter extremist thought    Egypt's SCZONE eyes deeper investment, port digitalisation ties with Singapore    Egypt's gold prices slip slightly on July 28th    Egypt's Housing Min. reviews HDP marketing plan    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Sudan's ambassador to Egypt holds reconstruction talks on with Arab League    I won't trade my identity to please market: Douzi    Egypt welcomes 25-nation statement urging end to Gaza war    Sisi sends letter to Nigerian president affirming strategic ties    Egypt, Senegal sign pharma MoU to unify regulatory standards    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt foils terrorist plot, kills two militants linked to Hasm group    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



19 candidates compete for five seats in EGX board
10 compete on three seats for securities, nine on registered companies
Published in Daily News Egypt on 04 - 06 - 2017

The stock exchange (EGX) closed the door for receiving papers of new board of director candidates on Thursday. 19 candidates are competing on five seats, including three for companies working in securities—with one of them representing brokerage companies—in addition to a seat for companies registered in the main market and another for small and medium enterprises (SMEs) registered in NILEX.
The EGX will officially announce the final names of candidates on 19 June after reviewing all objections and grievances, and elections will be held on 22 June.
Candidates, who are current members of the board of directors, applied to compete in the new session. They are Shawkat Al Maraghi, the managing director of HC Securities Trading, and Hashem El Sayed, the managing director of Egyptians for Housing and Development.
Ten candidates out of the 19 are competing for three seats of companies working in the field of securities. They are Ahmed Aboul Saad, chairperson of Rasmala Egypt Securities; Ehab Saeed, managing director of Osool for Securities Brokerage; Nassif Nazmy, vice chairperson of Al Ahram Brokerage; Sameh Azab, managing director of Watheeqa Securities Brokerage; Ali El Tahri, chairperson of Catalyst Partners; Mohamed Lotfy, managing director of Ostool for Securities Trading; Yasser Omara, chairperson of Eagle Financial Advisors; Khaled El Tayeb, chairperson of Pioneers for Investment Fund Management; Shawkat El Maraghi, managing director of HC Securities Trading; and Moustafa Wahdan, chairperson and managing director of Al Amaleka for Securities Trading.
There are also five candidates for companies registered in the main market, including Hashim El Sayed, vice chairperson of Egyptians for Housing and Development; Khalid Abu Heif, managing director of Arab Moltaqa Investmetns; Mohamed Walid Gamal El Din, chairperson of Modern Bitumode; Moustafa Moussa, chairperson of Assiut Islamic for Trade and Development; and Ahmed Al Alimi, chairperson of Al Ahram for Packaging and Printing.
Additionly, four candidates are competing for seats of SMEs registered in NILEX. They are Ahmed Shalaby, vice chairperson of MP Engineering; Hussein Abdul Mohsen Sadeq, managing director of Genial Tours; Mansour El Barbary, chairperson of BIG for Trade and Investment; and Yahia Ashour, chairperson of Port Said for Agricultural Development and Construction Company.
Nominations opened on Sunday, according to the Minister of Investment and International Cooperation's decision No. 95 for year 2017, making the board of directors of the EGX include 11 members, including six who are hired. They are the EGX chairperson, vice chairperson, two members with expertise, a representative of the Central Bank of Egypt (CBE), and a representative of the Egyptian Banks Federation, in addition to five elected members, including three who represent companies working in securities, a seat for registered companies, and another for NILEX.
The current board of the EGX includes Mohsen Adek, Shawkat El Maraghi, and Soliman Nazmy as representatives of securities companies, as well as Hashim El Sayed as a representative of registered companies, Omarn as head of the board, and Wagih Moustafa as vice head, in addition to those with expertise who were hired, who are Ayman Sherif, Ayman Ragab, and Ramy Aboul Naga, representing the CBE.


Clic here to read the story from its source.