Misr for Central Clearing, Depository and Registry (MCDR) aims to hold chairmanship election within two months following the company’s general assembly in May.
Tarek Abdel Bary, Managing Director and Deputy Chairperson of MCDR, said all the market stakeholders will be allowed to apply for candidacy. Abdel Bary is currently the acting chairperson of MCDR until the election.
The Financial Regulatory Authority has approved in April the resignation of Mohamed Abdel Salam from his post as chairperson and managing director of MCDR, effective by the end of the general assembly on 18 May.
Abdel Salam was elected chairperson of MCDR in September 2018 for a three-year term.